There is a common misconception that those who are looking for a personal loan with bad credit histories to their names are destined to see their efforts frustrated. The majority of traditional lenders are not interested in granting loans to bad credit borrowers, and those that do offer less than affordable options.
But there are choices to consider, with other loan sources offering loan deals that vary from excellent to competitive. Of course, getting approval with poor credit scoresis not easy, and there are criteria to meet before any chance of getting the green light. However, it is at least encouraging that rejection is not a foregone conclusion.
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