Understanding Bad Credit Loans

Sometimes people realize that they are in a situation where they will need to apply for bad credit loans and they need these right away. Bad credit loans are designed for people with a poor credit report that's less than spotless, or who have little to no credit history.

What is a payday loan? A payday loan is a type of short-term, high cost loan, generally for $2000 or less. Short-term borrowing where a lender will extend high-interest credit based on your income.

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