How can someone with bad credit get a loan?

+1 vote
asked Dec 30, 2017 in Other-Finance by mox (250 points)
How can someone with bad credit get a loan?

I need a loan and I have a credit score of 500, are there any loan companies online or offline loan companies where I can get a loan with a credit score of 500?

Is it possible to get approved for a loan when you have bad credit?

1 Answer

0 votes
answered Dec 31, 2017 by Larry S (17,290 points)
To get a loan with bad credit you're gonna need a cosigner who has good credit.

If you can find a good friend or a family that can cosign the loan with you then you can likely get a loan with bad credit.

Otherwise it will be really hard to get a loan while having bad credit.

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