What are bad credit loans?
Bad credit loans are designed to help customers with a poor credit history who are having difficulty when it comes to applying and being accepted for a loan. Loans for people with bad credit are typically unsecured, so pose less risk to your home or car. Bad credit loans can be secured to your property, which could result in a lower interest rate, so it’s always best to check the details first.
The APR you pay may be higher than with typical loans, which should be considered when calculating your ability to meet the repayments.