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Step 1
PEER LENDING. People who are unable to get poor credit loans due to bad credit often find success through peer lending. This type of lending does not involve a bank, and often overlooks bad credit history. Peer lending is when someone lends money to someone else without the rules and regulations that apply to traditional lending. Perform a Google search for "Peer Lending" and you will find a number of online sites that are designed to connect people with big ideas and people with big wallets.
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Step 2
START REPAIRING. If you're having trouble getting a loan due to poor credit, you MUST start repairing your credit. Even if you decide to get a poor credit loan through peer lending, you should begin making efforts to increase your chances of future traditional loans. To do this, search for a non-profit agency that works with individuals to fix their credit and make them more attractive to banks and lenders.
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Step 3
POOR CREDIT LOANS. When you need a loan, you need a loan and you generally don't have time to wait for your credit to improve. If this is the case and peer lending is not an option, there are banks and lenders who are eager to work with individuals regardless of their credit. Perform a Google search for "poor credit loans" or "bad credit loans" and you will find a long list of these companies. Just be cautious. These poor credit loans take advantage of the position borrowers are in. You can expect to pay extra fees and a higher financing rate due to your bad credit standing.
