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Tag Archives: secured loans

Getting a Loan if You Have a Bad Credit Rating

The following is a guest post. If you’d like to submit a guest post, please contact me.  Just because you have an adverse or bad credit rating doesn’t mean that it becomes impossible to borrow money. The main difference will be that it will cost you more because you are deemed to be a higher risk to lenders. That means a higher Annual Percentage Rate (APR) will be applied to the loan by poor credit lenders when compared to the APR on a personal loan for someone with a good credit rating. These rates, however, are still far lower and far more competitive than short term pay-day loan rates and preferable if you are looking to spread out your borrowing over several years.

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