The Basics of Finding a Loan for People with Bad Credit
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Pawnbrokers work along similar lines, offering cash loans in exchange for personal property such as cameras, jewelry, or electronics. They will hold your property for a month, after which you either need to make a partial payment to extend the contract or pay the loan in full and reclaim your property. If you haven't paid after 90 days, the pawnbroker can put the item up for sale in their shop.

Larger loans

It's possible to get a larger loan for people with bad credit as well. One option for this is to get an auto title loan, which grants the lender a legal claim to the title of your vehicle as collateral for the loan. These loans are based upon the value of your vehicle, and if not repaid allow the lender to repossess the vehicle and put it up for sale.

Some banks and finance companies will also be willing to approve a loan for people with bad credit, but collateral is required to secure the loan. This collateral is often in the form of a vehicle, real estate, or some form of collectable or jewelry… though any property of value will possibly be accepted.

These loans usually have higher interest rates than other loans, but can provide not only the money that you need but also the first step towards rebuilding your credit.

With prompt repayment, you may not need to find a loan for people with bad credit in the future… because your credit can improve with every payment made.


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You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

About The Author


John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.






The Basics of Finding a Loan for People with Bad Credit
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Additional Resources



category - Grants for Individuals

Department of Homeland Security: 2011 Earthquake Technology Transfer
The Federal Emergency Management Agency(FEMA), under the DHS, has constituted the Earthquake Technology Transfer Cooperative Agreement program.


Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.


Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.


Grants from the US State Department for Media Training Workshops in Tunisia
The office of the US Mission to Tunisia, which is under the DoS, is seeking applications for the Media Training Workshops program for the Tunisian people through the The US Embassy in Tunis, Tunisia.






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