How to Find Personal Loan for People With Bad Credit

by Contributor ; Updated July 27, 2017

Are you trying find personal loans for people with bad credit? It is possible to find a personal loan even if your credit is bad.

Step 1

The first step to find personal loans for people with bad credit is to find lenders who specialize in bad credit borrowers. One potential type of loan is a payday lender. You will need to show proof of income with check stubs. You will need to write a check that can be cashed when you are paid again at work. They will also require a photo id and other documents.

Step 2

The second option is to pawn an item at a pawn shop. You can take electronic equipment or other item of value they will hold until your loan is repaid. You can negotiate the amount of the loan you will receive for your item.

Step 3

Make sure to read all contracts until you understand it fully. Personal loans for people with bad credit will contain higher interest rates. Make sure to pay off your loan in a responsible way.

Cite this Article A tool to create a citation to reference this article Cite this Article