how can i get a loan with bad credit and not so high interest rates?

Question

or how can my fiance get one since she does not have a job?

Answer 1

Bad credit and Low Interest rates are an oxymoron....

You cant get one with the other..... its not possible...

Anything else is most likely a SCAM to get you to pay "fees" for a loan you'll never end up getting... avoid them like the plague...

Answer 2

Bad credit = high risk = high interest rates

If your fiance doesn't have a job, how will she pay back the loan?

You are not going to find a decent interest rate. Perhaps you should re-think whatever you want to buy and wait till you have saved up for it.

Answer 3

Your answer that you will have to pay higher interest rates is correct. The more risk you are to lend money to, the higher the interest rates. Also beware of the loan scammers. Before you provide any personal information, get a verifiable business name, address and phone number. Be cautious with email addresses from yahoo, hotmail, etc. And the big tipoff for a scam is being asked for upfront money. This is illegal in the United States and Canada. If this happens, it is a scam. Good luck.

Answer 4

The first thing that needs to be done is:

Apply for minor credit cards ie: department stores
gas cards
home improvement cards

These are usually easier to get.
Once you have them, please use wisely!
Make certain you have the cash to pay bill on time.
Do this often and continue to pay promptly.

After six months to a year, check your credit rating again.
Eventually this will give you a credit history.
The better the credit rating the better the interest.

I did this and after 18 months was able to apply and get a Home Depot card.
My credit limit? Only $25,000.00!!!

Was it worth the effort???
You know the answer...

I wish you well in creating a great financial life for yourselves.

Answer 5

There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

http://www.axalda.info/bad-credit-loans.html