We Work With Banks Who Offer Bad Credit Loans

It might seem as if all hope is gone for people with bad credit.  Their options become limited since majority of banks only deal with people who have “A” credit. A lot of lenders also refuse accepting consumers with a bad credit history because they are thought to be as high-risk.

Fortunately, people with bad credit still have an option. There are some lenders and banks who offer bad credit loans. These banks are really a great help since they help people regain their financial standing. Because having bad credit can really affect one’s credit reputation, banks who offer bad credit loans assist people who are in this type of financial situation in order to restore their credit file.

Banks who offer bad credit loans may offer either secured or unsecured loans.  In a secured loan, there is less risk involved since it is typically secured against an asset, such as property. Also, an added benefit of a secured loan is that you get much lower interest rates compared to unsecured loans. This is again because of the lesser risk factor involved in this type of loan.

The asset serves as an assurance that even if the borrower can’t repay the loan, the lender’s money is still safe. With a secured loan, also expect certain benefits such as lower repayment terms and reasonable rates, even with a tarnished credit background.

Another type of loan you can get from banks who offer bad credit loans is an unsecured loan. In an unsecured loan, the lender grants loans to people with bad credit, without asking for any form of security, like equity or collateral.  These are also called as high-risk loans since the loan is not secured against assets.

But just as with any other loan, you have to comply with certain qualifications and minimum requirements. The amount of money you can get will depend on whether or not you are able to meet the qualifications. If you have been a resident of your current address and are employed for longer than a year, then some banks could grant you that loan.

Other qualifications entail you to be at least 18 years old, with a valid social security number, and a regular source of income.  Also, some banks who offer bad credit loans could include your credit rating as part of their qualifications.

If you want to know more about banks who offer bad credit loans, you can call the bank’s customer care service representatives and ask them questions regarding their program. But before you apply for a bad credit loan with any bank, be sure to do your homework first and check out the various programs and packages available. By doing so, you can easily compare and find which programs will best suit your financial needs and situation.

So, don’t lose hope if you have bad credit. If you are looking to regain your financial standing, then one way to do this is to go to banks who offer bad credit loans.


  1. I have tried all kinds of sites that say they will give you a loan of your needs and get told NO or we can only give you 200.00.

    All I want to do is get back on my feet and get my bills paid. I had outstanding credit until my hours got cut. What is a person to do?

  2. Hello Elena,

    If you read through some of my other comments you will find that I did months of research to find legitimate lenders. What I have done is set up a form in the upper right hand corner of this page or on the home ( http://www.badcreditloancenter.com/ ) page that will bring the lenders to you.

    All you have to do is submit your information and the appropriate lender for your situation will be found.

    If you have any other questions feel free to ask,
    Daniel – BCLC

  3. Can you name these banks who offer bad credit loans. This article doesn’t help much if you don’t know which bank(s) to go to. Help…give us some bank names, please!

    You can respond to me at this e-mail address:

    Thank You.

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