Bad Credit LoansFinancial Dictionary -> Loans -> Bad Credit Loans
In order to find a bad credit loan, you can search online for companies who specifically deal with offering these loans. Generally, they have a network of bad credit lenders who specifically lend to people whose credit history is less than perfect. Online application is simple, fast and free and do not usually require major security commitments. If you prefer doing business in an actual brick-and-mortar store, search your local telephone book. Laws governing loans differ from state to state in the US so you may or may not have access to these in your area.
Usually, in order to qualify for a bad credit loan, you must be at least 18 years old and be either a United States or Canadian citizen. Before applying for a loan, make sure you qualify by reading or asking about their qualifications.
Some companies that offer bad credit loans also offer credit cards, automobile loans and debt consolidation services for people with a poor credit history.
As with any loan, bad credit loans need to be paid back. Most times, you can work with the lender and agree for payments to be made in accordance with your regular paydays. This can help insure that you'll have the payment on the day it is due. However, before borrowing any money, be sure you can afford the payments you're about to incur. Ask yourself if the reason you're borrowing the money is reason enough to go into debt. The last thing you want to do is dig yourself deeper in debt and keep yourself in the high credit risk bracket.