• Bad credit

    Loans for Individuals with Bad Credit

    If your credit falls within the bad credit range, it’s important to understand the pros and cons of different loan options available to you. Payday loans: Payday lenders typically do not consider your credit score when determining loan eligibility. These loans are designed for short-term needs and are usually for amounts under $500. However, payday loans come with high fees, and the Consumer Financial Protection Bureau has found that the fees for a two-week payday loan can result in an APR of nearly 400%. Payday loans are banned in some states, while others have imposed limits on loan sizes and fees. Car title loans: Car title loans are another short-term…

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