1 of 1- MichaelBarlow42
- moneyfx learner
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- Registered: 4/25/2022
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How to get a loan with a bad credit history?
Credit history plays an important role in getting a loan. If you have a bad credit history, and it becomes such after a number of delinquencies and loans, the chances of a client for approval of a new loan are significantly reduced. How do you handle such a situation? What are the solutions?
Last edited by MichaelBarlow42 (4/26/2022 4:57 am)
- tonybroo
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Re: How to get a loan with a bad credit history?
Financial institutions are not very willing to work with "problem" clients, so people face certain difficulties in lending. Usually they either refuse, or arrange the highest interest rate provided by the program. Although there are also financial institutions that are also loyal - advising to apply to people who managed to get money with a bad credit history .
Last edited by tonybroo (4/26/2022 5:19 am)
- felixdonovan39
- moneyfx learner
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Re: How to get a loan with a bad credit history?
On the issue of late payments: 2-3 delinquencies of less than a month are now considered quite normal. After all, after the pandemic, even the most responsible borrowers began to make late payments.
- Nubvi
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- Registered: 7/22/2022
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Re: How to get a loan with a bad credit history?
If you have a bad credit history and want to take out a loan, you need to be extremely careful. After all, many unscrupulous companies offer a low-interest rate but do not tell you that you need a great credit history to qualify for a loan with such a low-interest rate (for which you were supposedly pre-approved). I recently read the Credit 9 reviews reddit, so be careful, there are a lot of scammers in the lending industry.
Last edited by Nubvi (8/08/2022 3:29 am)