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It is possible to take out a loan with poor credit. Sun Loan outlines what loans you can get, where to find them, and how to apply for one.
10 to 13. Apply online for an installment loan using our simple application process. No bank account required and bad credits welcome, call or visit Sun Loan today!
Your options for poor credit loans include: Personal loans: Some personal loans are available with bad credit, but you will likely pay higher interest rates and may not be able to borrow the full amount. Secured loans: With a secured loan, you put up an asset as a guarantee when you apply for a loan with bad credit. Often, this will be your home.
Feb 1, 2024 · Sun Loan provides personal loans that may be best suited for people with bad credit, people denied by other lenders, or borrowers who only need a small amount of money. They provide funds as soon as the same day, making your lump sum immediately accessible.
Sep 12, 2024 · A bad credit loan is a personal loan designed for individuals with poor, weak, or no credit history. Because lenders view borrowers with low credit scores as higher risk, bad credit loans typically come with higher interest rates and stricter terms than loans offered to individuals with better credit scores.
- Jonathan Leggett
- Senior Content Editor
Bad credit loans can be an expensive and risky way to borrow money, but especially so if you've a poor or limited credit history. Before you consider taking out a bad credit loan, you should first check if you're eligible for a standard personal loan first.
Feb 2, 2024 · The amount you can borrow with poor credit varies. Unsecured loans typically offer £1,000 to £25,000, but the amount may be less for those with bad credit. Secured loans depend on the value of the security, while guarantor loans range from £1,000 to £10,000, subject to credit history and income.
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