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A bad credit history does not prevent a debtor from applying for a loan in future. An individual who is applying for a loan with bad credit may not be approved by all creditors because on the creditor’s part, it may be a risky deal. However, there are many financial institutions offering loans to people with bad credit and there are several options a debtor may turn to.

In majority of the cases, the sole purpose of applying for a bad credit loan is to pay back the previous debts. But availing a loan afresh may add up to the trouble the debtor is already going through. Often debtors take out a debt consolidation loan to resolve debt problems. Again, a consolidation loan requires collateral if it's a secured loan. In case of an unsecured loan, the rate of interest may be very high and the debtor may find it difficult to pay the high interest rate.

Comparatively, debt consolidation program is a better option. With little guidance on how to proceed, the debtor can opt for a debt consolidation program and lead a debt free life. At times, it may serve your purpose better than if you are applying for a loan with bad credit.
Can I apply for a loan with bad credit???...
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Can I apply for a loan with bad credit???

"Can I apply for a loan with bad credit???"

How much bad credit. What is your score.

How much load do u need $500 or $5000 or $50000

Do you have time to take steps to improve your credit, see some excellent advice from pamilla ?

Do you want a secured loan or a unsecured loan ?

The answer to your question can be meaningful only once you answer the above questions ....

Sub: #1 posted on Wed, 05/04/2005 - 07:43

Vikas Vikas

(Posts: 2071 | Credits: )

[quote=Anonymous]Can I apply for a loan with bad credit???[/quote]

My score is really bad. I want an unsecured loan and I want to borrow $4500.00. Where do I go from here?

Sub: #2 posted on Wed, 05/04/2005 - 08:07


Hi Guest,

You can go through the internal pages of this site and also through to have a better idea and then analyze your situation.

Thanks with regards

Sub: #3 posted on Thu, 05/05/2005 - 10:37

roxette roxette

(Posts: 4009 | Credits: )

I have a bankruptcy that was discharged in 2002. Due to unfortunate circumstances, I am in a financial mess currently and need some financial help to remove this burden. I need to pay off (2) credit cards, medical bills, etc. $8,000 - 10,000 would take me out of debt with the exception of my car loan ($8500 balance) and student loans ($58,000 balance). Where do I go from here and is there any help for me? I am running out of ideas and tired of robbing Peter to pay Paul. Thanks for your help!

Sub: #4 posted on Thu, 12/15/2005 - 10:08


Hi Sandy

Welcome to the forums.

This company does not offer any loans to the consumer. But you can make your repayment process easier by a consolidation program. All your multiple debts will be combined into one loan amount and you will be offered easy monthly installments. The rates of interest with your creditors will also get lowered in this program.

Taking a loan is not a good idea especially for paying your past accounts. Doing this, you are multiplying your overall expenses. Also, most of the loans require some kind of property to be attached with it. But, a consolidation program does not require any property to be pledged.

Other benefits of the consolidation program are mentioned in the page below:

Please register in this website for a free counseling. The consultant will offer you a discussion in which you can plan your repayment procedure. You will be offered the reduced amount of the total debt and the monthly payments will also be set. Once you give your consent to the consultant, he will negotiate with your lenders. I wish this one to be your first step towards a debt free life.


Sub: #5 posted on Thu, 12/15/2005 - 11:00

roxette roxette

(Posts: 4009 | Credits: )

i want to apply

Sub: #6 posted on Mon, 05/14/2007 - 13:27

marcomcmillian marcomcmillian

(Posts: 1 | Credits: )

This website does not do any loans. However, there are better options through which you can get your debts paid. See this

Sub: #7 posted on Mon, 05/14/2007 - 13:49

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(Posts: 162 | Credits: )

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