Bad Credit Unsecured Personal Loan Options from Banks Including Capital One, Citi and Wells Fargo

Posted on | August 25, 2010 | No Comments

Bad credit Unsecured personal loans offer many options when it comes to borrowing money in a troubled economy. Many Americans are looking for loan options from banks including Capital One, Citi and Wells Fargo. Before deciding on a personal loan it is very important to realize that a credit score will greatly determine the interest rate on the amount of money borrowed.


With a credit score well below 700 it could be very difficult to lock into low interest rates on any type of unsecured personal loan. At the present time personal loans have an average interest rate between 12% and 18% but that is for borrowers with a decent credit score and a very strong financial background.

For those who have struggled to make payments over the last several months it will likely be the case that their interest rate is closer to 18% or possibly even higher than 20%. With this being the case it may be a consideration to consider other loan types as 20% interest rates and any amount of money can build up very quickly.

Author: Heather Best

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