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Is It Possible to Get a Loan Even with a Bad Credit Score

At some point in your life, taking up a loan will be the only option. It can be the last resort, especially if the financial situation cannot meet the current or urgent demand. Unfortunately, it’s most common that the approval of loan applications is easier for those with good credit scores. Others with questionable scores often face a lengthy approval process, high interest rates, and sometimes disapproval.

If you are worried that you can’t have a loan because of your credit score, don’t worry; you can get a loan that can get you on a better financial footing and improve your credit score. That is through a personal loan or, as others call it, a bad credit loan.

What Is a Bad Credit Score?

But first, let’s understand what a bad credit score is. A credit score is crucial for most lenders because it serves as their basis to know if you can qualify for a loan. It is a scoring system that has a number between 300-850, and it generally depicts your creditworthiness. While there’s no distinct line or official start in the scoring system to say that you are in the “bad credit score” category, a score under 650 will be considered high risk. High risk means that you have a higher chance of getting high interest rates or, worse, get disapproved.

If you have this kind of score, you can opt for a bad credit loan.

What Is a Bad Credit Loan?

A bad credit loan is just another term for a personal loan. As mentioned, if you have a credit score under 650, you can apply for this kind of loan instead. A bad credit loan might be helpful, especially if you have an urgent financial need. When you have a bad credit loan, you can use the money anywhere you want, whether for credit card debts or medical bills. However, you must pay what you borrowed every month. You must also keep in mind that a bad credit loan has high interest rates, and most of the time, the terms are short, usually 1-5 years.

How Can You Qualify for Other Loans?

If you don’t want to settle for a bad credit loan or want to take advantage of other loans, you need to improve your credit score first. Improving your credit score can bring you numerous benefits like receiving low interest rates and the best loan terms. Again, most lenders often look at credit scores before they approve a particular loan. If you have an excellent credit score, chances are you will not be burdened with high interest rates, and lenders will trust you. To improve your credit score, you must pay your bills on time, reduce your card balance to less than 30% of the credit limit allowed, and don’t apply for new credit.


While you can get a loan even with a bad credit score, it’s just a temporary fix that you can’t utilize forever. It’s still best to improve your credit score so that you can have a higher chance to take advantage of other loan types. Make the bad credit loan an opportunity to improve your credit score. However, finding a lender who can provide you with a bad credit loan can be challenging. Fortunately for you, When Ends Don’t Meet can help you get a loan.

When Ends Don’t Meet can provide easy loans for bad credit. We’ve partnered with 19 different lenders in multiple major metro communities in Pelham, AL and the Southeast, offering affordable installment loans that give you money fast but also help you build good financial health. Contact us today to start your loan!

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