Most lenders require you to have a good credit rating before they trust you with a loan. Borrowing money when you have bad credit can be stressful and limit your loan options. But a poor or bad credit score or rating isn’t a dead end. That is to say, it does not automatically disqualify you from getting a personal loan, rather it lowers your chances of approval. Moreover, even if you can’t qualify for the best loan terms, there are several lenders willing to trust you with bad credit loans.
