A bad credit loan is a personal loan for borrowers with less-than-stellar credit or minimal credit history. Although bad credit loan requirements vary by lender, you’ll typically need a credit score above 500. Since they’re riskier loans, you may not qualify for the loan amount you need or get the longest repayment term. These loans may also come with origination fees.An emergency loan helps you cover unexpected expenses, such as medical bills or car repair costs. A personal loans can be a type of emergency ...

Unlike with a payday loan, you will have at least a year to repay what you borrow. Consider the pros and cons of personal loans carefully before deciding if this is the right option for you. The Bankrate team has reviewed a number of personal loan lenders, including those with very flexible eligibility requirements and those that offer loan terms of seven years. Keep in mind that the lowest interest rate loans go to excellent credit borrowers.Personal loans can be used for almost anything, including buying ...