Bad Credit Loans can't be that Hard to Come by if you Know where to Look
If you have good credit, banks and other lenders are going to be falling over themselves to make you a personal loan. What do you do when your credit seems to be on life support? Are bad credit loans a possibility? If you can get them, should you accept them? Let's discuss bad credit loans and what they mean to you. The first thing you need to realize is that it doesn't take much to help your credit recover. It just requires that you pay your bills on time for about six months straight. That's all it takes before some lenders will begin to consider you a worth the risk. For a personal loan for a large sum of money, something like a mortgage, when you are fresh out of something like bankruptcy proceedings, you can probably get a proper home loan (with an FHA plan) in no more than two years after you come out of bankruptcy. The blemish of having been through one will stay on your credit record for 10 years, of course; but you begin to get some reasonable offers even with poor