– Basically, loans for people with bad credit can either be secured or unsecured. Secured loans are obtained when you present an item of value to serve as the appropriate collateral for the amount you are borrowing.
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But someone with a credit score around 760 might be able to get a rate of 3.70% on the exact same loan. If you have a low credit score, you may want to consider taking out a secured loan or applying with a cosigner. Other ideas and resources can be found in this bad credit loan article.
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Turkey Planning Help for Banks on Anticipation of Bad Loans – The Turkish government will unveil measures to help banks tackle the expected pile-up of bad loans resulting from the lira’s plunge and soaring interest rates, according to people with knowledge..
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Some lenders deal specifically with bad credit car loans, helping people with bad credit finance the purchase of a new car. These lenders take the risk to approve loans for people with bad credit.