If you have bad credit, finding a personal loan can be tricky but it is totally doable. Personal loans are a good option if you are looking to fund a big expense, cover a special purchase, consolidate debt, or get rid of high interest rate balances. Personal loans offer interest rates that are significantly lower than credit cards, potentially saving you thousands of dollars in interest. While bad credit will not stop you from getting a personal loan, you will need to be strategic about it. Here are 5 tips on how to secure a personal loan if you have bad credit.
Although getting a personal loan with bad credit isn’t always easy, you have more options than you think. With a little ingenuity, you can secure that loan you need and move toward rebuilding your credit.
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