Bad Credit Unsecured Personal Loans – Quick Cash Payday Loan Alternatives from Capital One and Citi
Posted on | June 22, 2010 | Comments Off
Bad credit unsecured personal loans are a quick cash payday loan alternative that allows borrowers to pay the money back with monthly payments rather than having to pay the entire loan in full. Some of the big banks that currently offer personal loans include Capital One and Citi.
Please note that these are some of the largest lenders but there are also many banks and financial institutions throughout the United States that also offer bad credit unsecured personal loans. It is the case that the worse your credit score the high the interest rate you will receive on your personal loan.
With this being the case you will want to make certain that your credit score is respectable. If you have a credit score that is well below 680 you are likely going to find that you get interest rate offers in the upper teens or possibly even as high as 20%. Unfortunately your bad financial decisions in the past are going to come back to haunt you in the form of higher interest rates today.
Taking out a secured personal loan with a good credit score will likely allow borrowers to receive an interest rate between 12% and 15% but please note that bad credit borrowers will not get interest rate offers this low.
Author: Heather Best
Tags: Bad Credit Unsecured Personal Loans > capital one personal loans > citi personal loans > citi unsecured personal loans > personal loans > personal payday loans > quick cash payday loans > unsecured personal loans