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Can you get a loan if you have a bad credit rating?

Bethany Evans

in Student Loans

1 answer

1 answer

Rodney Fox on December 12, 2018

Depends how bad a rating you have, whom you are looking for money to borrow, and what the terms of the bank. 1) Many institutions will lend you money if the bad grade is not below a certain point. This limit may not be the same among all lenders. 2) If one or two institutions refuse to lend to you, does not automatically mean that all others follow his example, despite the fact that it is an indication. 3) Some lenders will lend to those with bad credit ratings, but imposed strict conditions. Another point: it also may depend on what, if anything, you've been doing to improve the bad credit score. A recent, consistent improvement in your monetary behavior, you possibly can swing the lender's decision in your favor.

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