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A person who has to deal with bad credit can have a difficult time finding a loan at a reasonable rate. Subprime loans are often regarded as loans with excessive fees but this is not necessarily true for all lenders. By doing research, it is possible to find a bad credit loan with a reasonable offer.
Secured Personal Loans for Bad Credit

Do you need a personal loan for a financial emergency? If waiting until your credit score improves is not an option, you can apply for a secured bad credit loan. If you have a home property, a car, or any asset which has a higher value than the amount you plan to borrow, you can use it as security for the loan.
The collateral you will submit can enable you to get a much lower interest rate than a non-secured loan for bad credit. Furthermore, you can choose a more flexible repayment period which can range from 5 to 25 years, depending on the amount you borrowed.
Bad Credit Loans Guaranteed Approval
What if you do not have a property to submit as collateral for your loan? In this case, you can obtain an unsecured personal loan for bad credit. There are certain limits to unsecured bad credit loans such as a smaller loan value and a shorter repayment period. As expected, the interest rates are slightly higher than secured bad credit loans.
These unsecured loans are also known as guaranteed approval loans, quick loans, payday loans or cash advance loans. Although the names may vary, all these loans are specially offered for people with bad credit or no credit history.
The basic requirements to get approved are for the borrower to be of legal age, have a job and have an active bank account. The maximum amount for these types of loans varies depending on how much you get paid. For those with a higher salary bracket, they may be able to borrow a larger amount based on the value of their salary. The loan limit for these loans may depend on the State Laws as well.
Borrowers are reminded to seriously consider their repayment capability before acquiring one of these loans. Take note that for a secured bad credit loan, you run the risk of losing your property to your lender if you fail to complete your repayment obligations. Before signing up for a loan, read and understand the Terms and Conditions.



Brandon McKinley
October 13, 2012Please help me I need $7500 to help fix my house and I need a car to yet my daughter back and forth to her Dr appointment.if I could get this loan it would be a blessing. God bless and please help my family
Thank you for your help
Brandon McKinley
Melanie Mathis
October 17, 2012Hi Brandon, do you have good credit or bad? I can then point you in the right direction.
Mel
Charles Mitchell
December 4, 2012Really want to get back on my feet. Have 518 credit score so have been unable to get loan to consolidate bills. Been trying to get things together since i’ve been back from Afghanistan. Been rough. Would love the help in finding a loan for around 5000.00. I do have a good job that my take home is 2200 a month. just need to catch up a bit. thank you.
Phyllis
December 17, 2012Way cool! Some extremely valid points! I appreciate
you writing this post and the rest of the website is also
very good.
Liza
December 20, 2012I need some help, I need a loan and I have bad credit, now I have a steady income but bad credit and I live in Florida any guidance or suggestions would be appreciated.
Thanks, God Bless
colin molloy
February 8, 2013Hi i need a loan of $15,000 to tied me over while i get back on my feet after a bad experience, i stood guarantor for the company i was working for and now have a bad rating,i can afford to pay the loan back at $1,000 per month, i have not done anything like this before and iam finding it difficult to know what to do with all the adds that come up on the net hope you can help
Jamiel Covington
February 11, 2013Need a loan to pay bills and buy vehicle . To get back n forth to work n visit my son. Please tell me you can help. Trying for between 10, 000 -15, 000.
Good paying job , ten years with my employers. But my credit as poor.
Shi Tonna Dailey
February 5, 2015I Have Bills to pay off And I have been trying to get a loan. but can’t to get approved. And i hate when they have multiple lenders. and it goes on. Now behind on my bills. Can you help.
Melanie Mathis
February 9, 2015Hi Shi,
Check our list of personal loan providers https://www.newhorizon.org/Info/personaloans.htm
I hope this can help you,
Melanie
scott
February 25, 2015i need 150,000 to consolidate debt and buy a house can you help please?
Peggy lambert
February 26, 2015I need a loan to pay some bills and get caught up. I was off sick and got behind and just got back to work. Really need some help!!!
Mamie
March 22, 2015I’m looking for a 2500 loan to pay an emergency bill. My credit score 524 and it’s hard to find one. Please help I nex this ASAP
Everett King
June 12, 2015I need a loan I can pay $900.00 maybe more a month until paid off in full I need a loan amount of $35.000.00 so if there anyone can help me out with this loan please email me back asap I need fast funding
Melanie Mathis
July 9, 2015Hi Everett,
Check our list of personal loan providers https://www.newhorizon.org/Info/personaloans.htm
I hope this can help you,
Melanie
Jovann washington
July 14, 2015I have a 524 score I need a personal loan between 500-1000 asap
Melanie Mathis
July 26, 2015Hi Jovann,
Check our list of personal loan providers https://www.newhorizon.org/Info/personaloans.htm
I hope this can help you.
Good luck,
Melanie
Brittney
July 31, 2015Hi. I have a 593 credit score. I’ve been denied for every loan possible including the ones on the website. My identity was stolen and I was working a job that didn’t pay enough whereas now I have a great job and income but can’t catch up. Please help.
Melanie Mathis
August 14, 2015Hi Brittney
Unfortunately the only thing you can do is start cleaning up the mess made by the ID thief. Dispute everything they did and KEEP ON TOP OF THE CREDIT BUREAUS! Sometimes 1 letter will do it but most of the time its will take multiple. Anatomy of a Credit Dispute Letter is a good place to start. In order to start rebuilding credit you need to find companies that pretty much guarantee approval. Start off with the secured credit card companies. I’ve written several articles on why secured credit cards are great for rebuilding credit. You can do a search on this site to find them. You may also consider some of the merchandise credit cards ONLY IF they report to the credit bureaus. Even though you can only buy the merchandise in their catalog, they tend to give a large credit limit. It looks unsecured on your credit report and will come in handy when you apply for a big line of unsecured credit later on. The banks will look for “comparable credit” which just means that if you are looking for a credit card or loan of $10,000 what is the highest amount you have financed? Both the secured credit card and merchandise / catalog cards give you the opportunity to build large lines of credit that will appear unsecured.
I hope this helps!
Mel
ronaldbrown
December 28, 2015it stinckys when pople use your name and leave bills out there
Rochelle
May 29, 2016Hi my name is Rochelle and my credit score is at about 604 I am working with a credit repair company but I’m looking into buying house and I need a 10,000 loan. How can you help me Thank you
Melanie Mathis
June 11, 2016Hi Rochelle,
Check our list of personal loan lenders here https://www.newhorizon.org/Info/personaloans.htm
I hope this can help you.
Good luck,
Melanie
Jacinda
November 21, 2016I am in need of help. I have applied for several loans and have been scammed twice. This is just caused my situation to be worse. I just need someone to give me a chance without taking my last penny.
Tracy
January 13, 2017I need a loan for like $8,000. I’m trying to help my mom because she is on the verge of losing the house her parents left to her when they passed. She is on S.S.I. so she is on a fixed income.
Melanie Mathis
January 19, 2017Hello Tracy,
Really sorry to hear about your mom.
Check our list of personal loan lenders here https://www.newhorizon.org/Info/personaloans.htm
I hope this can help you.
Good luck,
Melanie
Comments are closed.
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