What you need to know about bad credit loans as a consumer, your credit score is your most valuable financial asset You can use a bad credit loan for various purposes, including home improvements and debt consolidation It is a record of your personal fiscal performance and the lever on which your future financial power pivots
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A strong credit history gives you power, making it easier to qualify for the credit you need to make large purchases and important life decisions
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See your chances of approval with a soft search that wonโt harm your credit score. Bad credit loans are designed for people with low credit scores They work like regular loans, allowing you to borrow a lump sum and repay it with interest in monthly instalments