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By: Cardtopedia
How to get a loan with bad credit
Cardtopedia
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1. First, know your credit score and understand why it is important.
1. First, know your credit score and understand why it is important.
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2. Start by talking to your bank or credit union about getting a loan with bad credit.
2. Start by talking to your bank or credit union about getting a loan with bad credit.
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3. Look into online lenders who specialize in bad-credit loans and are willing to work with you.
3. Look into online lenders who specialize in bad-credit loans and are willing to work with you.
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4. Research other loans like secured loans and payday advances that may be easier for someone with bad credit to get approved for.
4. Research other loans like secured loans and payday advances that may be easier for someone with bad credit to get approved for.
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5. Proof of income or assets, bills or statements, etc., are needed to apply for a loan and show that you can pay it back.
5. Proof of income or assets, bills or statements, etc., are needed to apply for a loan and show that you can pay it back.
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6. Review any terms and conditions carefully before committing yourself to any loan.
6. Review any terms and conditions carefully before committing yourself to any loan.
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7. Ask family or friends for a loan, borrow from your retirement fund (if applicable), or cut expenses to improve cash flow and pay down debt.
7. Ask family or friends for a loan, borrow from your retirement fund (if applicable), or cut expenses to improve cash flow and pay down debt.
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8. Use the loan wisely and make payments on time to rebuild your credit. This will help you get better loans in the future.
8. Use the loan wisely and make payments on time to rebuild your credit. This will help you get better loans in the future.
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