It is almost impossible to get a loan with bad credit. You need to have a credit core of atleast 620 to qualify for Federal loans, else if you have a credit score above 700 you may get a good private loan. Even if you qualify for a loan with bad credit, the interest rate charged will be high. Thus, it is always better to repair your credit before trying to get a loan.
loan with bad credit
Hi Guest,
It is almost impossible to get a loan with bad credit. You need to have a credit core of atleast 620 to qualify for Federal loans, else if you have a credit score above 700 you may get a good private loan. Even if you qualify for a loan with bad credit, the interest rate charged will be high. Thus, it is always better to repair your credit before trying to get a loan.
Thanks,
Aaron