Many might wonder why lenders would reject applications from those seeking personal loans with bad credit. The fact that loans are available for those with bad credit histories is good news, but unfortunately that doesn't mean that every applicant will get the green light.
Bad credit scores are generally used to tell whether an applicant is a suitable for a loan or not, with the lower the score the less likely approval will be. But a credit score may become poor for a number of reasons, like missed repayments or loan defaults. It is partly why lenders are now more willing to work with applicants.
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