A $5,000 personal loan for people with bad credit is an extraordinary amount of money and you cannot exactly snap your fingers to get it. However, there are lenders out there willing to loan these amounts to people even if they have bad credit.
These are financially turbulent times and many people have taken bad hits on their credit histories. They may have judgments against them, they have been in arrears, they may have defaulted on previous loans, they may have had outstanding checks, they may have even declared bankruptcy.
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