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However, some lenders work with bad-credit borrowers or even design loans specifically for people with low scores.
Best Personal Loans for Bad Credit
Note: The information provided above is based on available data.
Actual terms and availability may vary based on individual qualifications and lender policies.
Consider the following lenders who work with bad-credit borrowers.
Credit Union Loans for People With Bad Credit
Unlike banks, credit unions are member-owned nonprofit organizations.
Some have loans designed specifically for people with poor credit.
For example, FreeStar Financial offers the Fresh Start Loan.
Nonprofits like the National Federation for Credit Counseling can also help.
What Is a Bad Credit Personal Loan?
AnnualCreditReport.com is the only federally authorized reporting site.
If you default on a co-signed loan, your co-signer is liable for the debt.
What Are the Costs of a Bad Credit Loan?
While bad credit loans might be available, they are generally not affordable.
How Much More Will You Pay With Bad Credit?
Using the above data, this example shows what anunsecured personal loanwill cost a good-credit vs. poor-credit borrower.
Paying down debt is the surest and fastest way to boost your score no matter your credit history.
Dont be enticed by payday loans, which epitomize toxic lending.
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