debt  money


Question by  hulmer (1067)

Can you obtain an unsecured loan when you have bad credit?

I have bad credit and need an unsecured loan.


Answer by  technogeek (6640)

It is possible to obtain one, but the interest rate would be very high and the borrowed amount would be very small.


Answer by  Roland27 (16334)

Some banks will give you a loan but at a higher interest rate. You are probably going to need to find someone with good credit to co-sign for you.


Answer by  Donny99 (180)

It can be done, but it is very difficult. Sometimes a small bank will provide you with an unsecured loan based on your income, and despite your bad credit.

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