Can I get a loan with a bad credit rating?

By Sophie at 2014-08-23 01:43:38


Answers

  • While it isn’t impossible to get a loan with a bad credit rating, it can reduce the pool of possible loan companies. The loan company will want to be sure you can a stable income to pay back the money and will probably not give you their best deals first time around. However when you pay back the loan on time, you are beginning to build up your credit history again and then better rates and a larger pool of companies will become available to you.
    By Cred24, 2014-08-23 01:43:52