Why Secured Loans Are Great For People With Bad Credit
Many people are often unable to get an unsecured loan due to their credit history. Unlike with the secured option, an unsecured loan carries far more of a risk to the lender and a decision is only made on the lenderís calculated risk assessment that the applicant will be able to repay the loan. The lender will usually do this by asking one or more of the credit reference agencies to run a check on the applicantís previous borrowing history to determine whether or not they pos...
Bad Credit Lending Tips
Having a bad credit score can really hinder a persons ability to get an extension of credit. Lenders rely heavily upon a persons credit rating to determine eligibility for a loan.
Bad credit lending is designed to help people rebuild their credit, get the money they need and be able to restore their credit rating so they can qualify for amore traditional loan in the future.
Having bad credit does not mean you can not borrow money. It may seem like it when you start out ...
Facts About The APR Of Credit Cards
Whatís APR? Basically, the APR or annual percentage rate of a credit card is the combination of low interest rates and finance charges.