A bad credit personal loan is a type of loan designed especially for people with bad credit record. Because, generally lenders do not provide loans to borrowers who have bad credit history. Bad credit history implies that the borrower defaulted in making payments or made late payments or simply payments terms and conditions have not been honoured by the borrower.

Now, there are lenders who offer bad credit personal loan even if you are a part owner of a property or even if you have bad credit to the extent that you missed a few payments on your current credit payments. A bad credit personal loan can also help the borrower to re-establish their credit rating.

Loan Amount & Interest Charged

Through a secured bad credit personal loan you can borrow upto 125% of the value of the asset you provided as collateral or upto