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Whether because of poor financial decisions or plain bad luck, you might find yourself with a low credit score and the need to take out a loan. It’s a Catch-22 combo that can leave you wondering, “How can I get a loan with bad credit?”

Your credit score can define you in the eyes of a lender.

That mysterious, magical number on your credit report is the single most important factor for securing a loan. Bad credit is, well, bad. But not having credit at all is also a major strike against you.

Interested in getting a loan for bad credit? This guide is for you.

But let’s get the basics out of the way first: “bad credit” and “no credit” are quite different.

A credit score is a number between 0 and 999. It is essentially a rating by which your credit risk profile is determined.

A score closer to zero means someone is more likely to default on credit and is seen as a higher risk. A score closer to 999 is seen as positive and more trustworthy. This means someone is less likely to default on a debt.

A credit score is taken at a specific point in time. It does not account for your future potential. It is only a summary of your credit history.

Your credit history is, therefore, displayed as a score for lenders to use to determine if they want to offer you a loan.

Having a bad credit score means you have a poor credit history. Essentially, at some point, you took on credit you couldn’t pay back.

Having no credit score means you have no credit experience. Lenders have no way of knowing whether they can trust you to pay back your loan.

Both can prevent you from getting a loan; however, having a bad credit score is worse than having no credit score. Having a bad credit score means you have a bad track record and a potential lender will see this as a red flag — you can even be denied a job because of it! Having no credit experience is also a red flag, but a lesser one; while there is nothing to hold against you, there is also nothing going in your favor.

Young people, recent immigrants, and people who have typically accrued expenses under others’ names (family or siblings) tend to have this problem. Or, some combination of all 3 personas (e.g. young immigrants).

Lenders just can’t tell whether you are going to be good with credit. Having a bad history or no experience with credit can work against you, but neither is insurmountable. It’s important to understand the difference between the two and how they are used to profile you financially so that you can strategize ways to overcome them.

So what qualifies as bad credit?

The answer will differ from lender to lender. Different lenders will regard different credit scores as “unacceptable”. Generally, however, a credit score below 629 is considered “bad”.

Download Personal Loans for Bad Credit now for get more info.

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无论是因为财务决策不好还是运气不好，您可能会发现自己信用评分低，需要贷款。这是一个Catch-22组合，可以让你想知道，“我怎么能获得信用不良的贷款？”

您的信用评分可以在贷方眼中定义您。

信用报告中那个神秘而神奇的数字是获得贷款的最重要因素。不良信用很糟糕。但根本没有信用也是对你的重大打击。

有兴趣获得不良信用贷款？本指南适合您。

但让我们首先了解基本信息：“不良信用”和“无信用”是完全不同的。

信用评分是0到999之间的数字。它基本上是您的信用风险概况确定的评级。

接近零的分数意味着某人更有可能违约，并被视为风险较高。接近999的分数被视为积极且更值得信赖。这意味着有人不太可能拖欠债务。

信用评分是在特定时间点进行的。它没有考虑到您未来的潜力。它只是您的信用记录摘要。

因此，您的信用记录显示为贷方用于确定是否要向您提供贷款的分数。

信用评分不良意味着您的信用记录不佳。基本上，在某些时候，你接受了信用，你无法偿还。

没有信用评分意味着您没有信用经验。贷款人无法知道他们是否可以信任您偿还贷款。

两者都可以阻止你获得贷款;然而，信用评分不佳比没有信用评分更差。信用评分不良意味着您的跟踪记录不佳，潜在的贷款人会将此视为红旗 - 您甚至可以因此而被拒绝工作！没有信用经验也是一面红旗，但是较小的一面;虽然没有什么可以阻止你，但也没有任何东西对你有利。

年轻人，新移民以及通常根据他人的名义（家庭或兄弟姐妹）产生费用的人往往会遇到这个问题。或者，所有3个人物（例如年轻移民）的某种组合。

贷款人无法判断你是否会对信贷有好处。历史不佳或没有信用经验可能会对你不利，但两者都无法克服。重要的是要了解两者之间的差异以及如何使用这些差异来对您进行财务分析，以便您可以制定策略来克服这些差异。

那么什么是不良信用？

答案因贷款人而异。不同的贷方将不同的信用评分视为“不可接受的”。但一般来说，信用评分低于629被认为是“不好”。

立即下载不良信用的个人贷款以获取更多信息。

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