If you have been struggling with bad credit and you need a loan, there are certain types of loans with guaranteed approval guidelines. This post will show you the ins and outs of loans with bad credit and how to get your finances back on track!
Even Bad Credit Loans Can Help Improve Credit Score
Every time you make a payment, bad credit lenders will report to a minimum of one of the national credit bureaus. If you pay the full amount due every month on time, your credit score will eventually begin to improve.
Two methods lenders use to analyze your credit score and history.
Hard Credit ChecksA hard credit check or hard inquiry is usually conducted by a financial institution issuing loans guaranteed or credit cards to determine if you will be approved.Soft Credit ChecksA soft credit check or a soft inquiry is run when an individual or a company checks your credit for a background check.