asked in Business+Finance by (2 points) 2
Can I get a personal loan with bad credit history?
replied by ELITE (3,400 points) 5 8 12
In most credit company will be no as they always check your background.But if you borrow from a friend or family then you can.
replied by LEGEND (6,078 points) 2 10 28
There is a credit investigation unit for users or someone applying for credit card. If they found from background that you have a bad credit, there is a lower chance for you to get a credit card. 

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6 Answers

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answered by (11 points) 2

It depends on few things:

- how bad?

- when did this bad happen?

- do you have income?

- is your income steady?

If you have a low income or dont have a permanent job You wont get a loan.

If you still have a low income but was graduated from college or university and work from time to time who knows may be you will get your desirable loan but the sum of money would be not high.

For me personally the main detail is having a job or at least a desire to have it. I hope you will succeed and wont have such need to get money through loans. You would better look for steady income, earning money (online as a variant), selling smth on Amazon or promoting some stores at facebook or instagram. I`ve read it is very profitable nowadays

There some chancessmiley

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answered by LEGEND (7,487 points) 4 14 39
This could be possible if you lived in a country that allowed you to have a co-signer on your loan. There are people who lost their jobs, fell behind with their payment, and maybe had to file bankruptcy that is trying hard to get back on their feet again and re-establish their credit.
I know in the United States they will allow a person to try and re-establish their credit if they can find a person to co-sign on their loan. This means that the person who has co-signed on your loan will be responsible for the loan if you miss any of the payment. They are actually guaranteeing that you will pay back this loan on time and giving you a chance to prove yourself. It is in your best interest to pay your loan payments on time, try to pay a bit extra, and make sure you make all your payments with no late fees. After this, it will help you to get another loan without a co-signer.
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answered by (22 points) 4

Binixo (https://binixo.ph/) fast and reliable online loan service. These guys know what they do.They provide fast support live chat 24/7, easy upgrade options.

MY father used to take a loan through that company for business needs and would never regret because everything was in time, there were no delays or complains and he was  definitely sure that the company is secure. Afterwards I heard a lot of positives reviews about Binixo because my father advised it all our relatives and friend. Well you know he is retired and has nothing to do laugh All in all you should just contact with their application center, choose a sum of money you would like to loan and apply for it. You will receive conformation very quickly and get the money within 15 minutes.

Good luck!

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answered by LEGEND (6,078 points) 2 10 28
I think it depends on the money you are borrowing and depends also if you have source of income that will give you the capacity to pay in installment. There is a term from some, but I don't remember now but you need a certain person that has a capacity to pay your loans, when you can't. This person should have a source of income because he will pay your loans if you stop paying. If you are in bad credits, you already have a bad history with banks. They will not trust you with paying the loans. Some will give you a chance but you need to have a source of income for some assurance. Banks have their own way of double checking your background so better be careful or you will be rejected. I haven't had bad credits so I cannot say from personal touch.
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answered by LEGEND (8,770 points) 4 8 19
It might still be possible because different people react and see things differently. But the chances for this will be very slim and if a loan will be at last granted it might not be to a tune of $2000 depending on the reasons for  your bad credit standing.

It always good to have a clean slate when applying for a loan.Because borrowers can only judge a person through their previous action and it  only through one credit rating.if one has a bad rating just like yours.It becomes difficult to grant such a person a loan,because owing to your previous antecedents it shows you're the type that finds it difficult to pay.So the best bet is to try first and see how it goes.
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answered by ELITE (3,549 points) 3 7 10
How in the world would it be possible to get a loan of $2000 with a bad credit? I don't think it's ever going to be possible to get even just $500 loan with a bad credit. The bad credit history shows that you are very incapable of paying back any debts that you have, so anyone or any financial institution that makes the grave mistakes of giving the individual with a history of bad credit any loan of any amount should have the conclusion that they offered a charitable assistance to the individual.


The only way to guarantee that you would have any amount of loan that you seek from any financial institution would be to have a clean track record of good credit history. Being credit worthy gives you the opportunity to be trusted and it makes it easier for you to get loans easily.

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