Freecreditcam com

14 Feb

What's more, if managed responsibly a bad credit loan could help you build or repair a poor credit score.

For example, you could consolidate your debt, extend your repayment period, or even cut your interest rate.

Whatever you do, though, don't use the financial breathing space that may be offered by a bad credit loan as an excuse to take out further short-term loans or credit deals.

One way of thinking about a poor credit loan is as a last-chance saloon for your record.

If at all possible it's good to avoid taking on extra debt but, depending on your circumstances, you might be able to use a bad credit loan to manage any current deficits.

Bear in mind that people who have had County Court Judgements (CCJs) in the past are unlikely to be accepted for a loan offered through

What's more, making an unsuccessful application could damage your credit score even further.

A bad credit loan isn't a 'bad' thing in its own right - it's simply a loan for people with a poor credit history.