Thursday, January 11, 2018

Personal Loans For Those With Bad Credit

If you have bad credit, you may be asking yourself if it is possible to get a short-term loan.  The GOOD NEWS is yes you can get a personal loan with bad credit.  With that being said, you must understand that because you have bad credit, your loan options are limited.  You will most likely only qualify for a very high-interest rate personal loan.  

personal loan with bad credit


Having poor credit makes you a high-risk customer to traditional lending institutions. Those lenders have strict standards, and they rely on credit scores when picking their borrowers and calculating loan terms.

There are lenders like Big Picture Loans, offers short-term personal loans for those with bad credit.  It is recommended that you only get loans for financial emergencies.  With a loan from Big Picture Loans you will be able to select the length of your payments so you can budget for the payment.


Personal loans for those with bad credit is possible


Big Picture Loans is a wholly owned subsidiary of Tribal Economic Development Holdings, LLC, a wholly owned and operated economic arm and instrumentality of the Lac Vieux Desert Band of Lake Superior Chippewa Indians (“Tribe”), a federally recognized Indian tribe, created for the benefit of the Tribe and operating pursuant to Tribal law. Big Picture Loans is a duly licensed Financial Services Licensee of the Lac Vieux Desert Tribal Financial Services Regulatory Authority, an independent regulatory body of the Tribe, and operates in accordance with the Lac Vieux Desert Band of Lake Superior Chippewa Indians Tribal Consumer Financial Services Regulatory Code, which can be found here: Tribal Consumer Financial Services Regulatory Code.pdf.