subject: Unsecured Loans For Bad Credit - What Are Your Options [print this page] Unsecured Loans For Bad Credit - What Are Your Options
Have you been turned down for a loan because you do not have good credit or because you do not have collateral to secure a loan? Unsecured loans for bad credit are not easy to get, but they are not impossible. The best way to get one of these loans is to use a payday or cash advance store. However, there are ways to improve your credit so you can get an unsecured loan.
First, you need a copy of your credit report so you know what you are working with. You can get a free copy once a year online or by mailing a letter to one of the bureaus. The credit report will show all the debts that you have not made any late payments on, and these need to stay this way. Also, it will have all the debts that you have not paid on time or are no longer paying on and are delinquent or in collections.
Second, you need to list out all your debts in the right order. You need to list them with the current debts first, and the delinquent debts second. Your delinquent debts need to be listed from smallest balance to largest and that is the order you need to pay them off in. This will raise your credit score over a few months after you have paid off some of your smaller debts.
Last, if you cannot wait that long to get your loan you can hit up a payday lender or cash advance store that will allow you to get up to $1,500 the same day. You can do this online or you can go ahead and go to your local lender and get the money you need in a hurry. These are your unsecured loans for bad credit options that you can use for your needs.
