How can I get a personal loan if I have a bad credit score?

+3 votes
asked Sep 11, 2018 in Employment & Careers by costy (5,260 points)

How can I get a personal loan if I have a bad credit score?

3 Answers

+1 vote
answered Sep 11, 2018 by fraddy (4,980 points)

Lenders are less likely to provide loans to an individual with a bad credit score because of a possible delay in payments. Due to this, getting a loan or credit card could become difficult. Many NBFC or Banks will reject loan applications. However, there are many lenders like LenDenClub, who provide loans even if you have a bad credit score. 

0 votes
answered Sep 12, 2018 by poliq (5,400 points)

A low or ‘bad’ credit score does not mean the end of the road if you’re looking to avail of a personal loan. Yes, it may be difficult, with the terms and conditions may not be optimal (with regards to the interest rate, for instance) but typically, a lender will not reject a loan application based solely on the credit score. I recommend Binixo Philippines  All their credit conditions are as transparent as possible. The user receives all information regarding the registration procedure and interest rates. The company guarantees maximum honesty when registering a loan.

0 votes
answered Sep 12, 2018 by swipka777 (3,010 points)
If you don't have right credit score, then you have some choices below -

1) Try to explain the bank - Some times credit score is poor due to some mis informations

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