Having bad credit poses a big problem in doing any financial deal. In today"s era, most of the families are suffering with this menace that hinders their way every time they try to approach some source from where they can procure funds. Any financial emergency like repairing vehicle, paying off health bills, purchasing a car or renovating home can emerge anytime. These needs can be met with the help of unsecured personal loans with bad credit...more
Bad credit loans: A better financial alternative With a negative credit profile, it is always a tough task, acquiring funds, to satiate the various needs and demands. Of course, no lender would like to undertake risk by offering funds to someone, who is considered to be a risky proposition. Nevertheless, it does affect the individuals, who desperately are looking to avail funds, so as to confront the crisis and reduce it to a large extent....more
Getting A Secured Loan For People With Bad Credit History Are you facing problem getting a loan, just because you have a bad credit history? If yes, then there is good news for you. Now you can avail a loan specially designed for people like you, popularly known as "Bad Credit Secured Loan". A Bad Credit Secured Loan is defined as a secured loan for people with bad credit. Lenders define "bad credit" as a black spot in your credit report, it includes missing a credit card payment, defaulting on a previous loan, filing for bankruptcy in the past seven years or not paying your taxes. A secured loan is a loan that is secured against property. Secured personal loans are suitable for when you are trying to raise a large amount; are having difficulty getting an unsecured personal loan or have a poor credit history. The interest rate charged is low as compared to that in the case of unsecured loan.A poor or bad credit history can happen to anyone, to even you or me. In case you fail to make payments that were due on the previous loan just because you had no money with you. Your default will get noticed in your credit report and can pose as a hindrance in taking a loan. Considering...more
The Pros And Cons With Refinancing Loans For People With Bad Credit If you're stuck under some high credit card bills and your credit rating is slipping, one of the best ways to immediately improve your credit is a home equity loan. When the loan closes, home owners have cash-on-hand to pay off bills. The result: their credit rating...more
Poor credit rating loans: Absolute freedom from monetary hassles To most of the people, availing financial assistance in the form of loans is the only option left in times of extreme crisis. But acquiring the same loans is a rather time consuming process. Moreover, one needs to have a good financial standing along with a positive credit...more
Even as the economy is back on track and consumer confidence up, the number of credit cards in the system continues to dip. In the last one year, the total number of credit cards in use has dipped by almost 50 lakh.According to the latest data released by RBI in its monthly bulletin, the number of credit cards dipped to just about 2 crore as of end February 2010 from around 2.5 crore a year ago. The data also indicates that average monthly card spends both in terms of value as well as volume have still not touched the pre-crisis (prior to Lehman collapse) levels.Average monthly spend in FY10 has fallen to Rs 5,100 crore against Rs 5,400 crore in FY09. While average monthly volumes in the current year has been just 1.94 crore a month compared with 2.16 crore a month in FY09. Even peak festival spending through cards in the current fiscal is less than the previous years levels. ICICI Bank, the largest card issuer had around 8.5 million cards outstanding at its peak, which has now fallen to around 5 million. While for SBI credit card, the number has dipped from 3.5 million to 2.8 million.The fall in cards is surprising as banks have started disbursing unsecured loans like personal...more
Why Credit History Is Seeing A Decline In Loan Decisions When Mr. Thomson, your next door neighbour, returned from his second trip in a month, you were bound to say how. How come Mr. Thomson, who is on the same rank as you, enjoy so many...more
The Requirement For Approval And Unsecured Bad Credit Loans Having bad credit can really be a karma for borrowers because it is extremely difficult to escape the bad credit cycle that high cost debt generates damaging your credit even further...more
Bad Credit Credit Cards: Option for People with Bad Credit Debit cards and credit cards have been in the financial market for some years. Cash and checkbooks will be noticed soon in rare use only, or those will be used in the economically...more
If you know your credit score, then you will be well-aware of the fact that low credit score will give you problem. If you have low credit score, then you will not be able to get any loan easily. To avoid this situation, bad credit loans are designed...more
Bad credit loans provide cash approval basically to people who have poor credit history due to their past mistakes. Bad credit loans with no credit check situation. It means people with the history like default, late payment, CCJs, IVA, insolvency,...more
With payday loans for bad credit getting immediate freedom from financial discrepancies has become quite simpler. It is a great help when the matter of getting funds through external resource come in front of you. Payday loans for bad credit are free...more