Along with a bad credit history will come many loan application rejections from most traditional lenders. However, non-traditional lenders are cognizant of the financial turmoil that has beset many consumers. In spite of poor credit ratings, these lenders are offering ways for folks to get bad credit personal loans, even for amounts as high as $5,000!
Two options exist for bad credit personal loans
You can choose between two types of bad credit personal loans -- secured and unsecured. In spite of poor credit ratings, many Americans hold valuable property in the form of real estate, stocks and bonds, and even jewelry or a late model automobile. Some lenders will allow these items to be posted as collateral or security for a loan.
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