Installment loans often have high interest rates and fees, especially if you have bad credit. To pick the best installment loan from the right lender, figure out what monthly payment you can afford.

While borrowers with bad credit can qualify for an installment loan, these less qualified applicants face much higher interest rates than consumers with a FICO score closer to 720. Can you get a ...

It’s essential for borrowers to be aware that the interest rates for bad credit installment loans might be higher, reflecting the increased risk for the lender. The key, however, is to find a ...

You may be able to get a personal loan with a 500 credit score by applying with lenders specializing in bad credit personal loans. Further, you can look for lenders that offer secured loans and the ...

Robert is a senior editor at Newsweek, specializing in a range of personal finance topics, including credit ... high-interest debts or cover large expenses. With installment loans, you get a ...

Once you accept the loan proceeds, it will be too late to turn back. Because of the high fees and interest rates that typically come with bad credit loans, this type of financing arrangement is ...

which typically charge higher interest rates because they don't adhere to any Annual Percentage Rate (APR) laws. Personal installment loans, peer-to-peer loans and traditional bad credit personal ...

Having bad credit doesn’t necessarily mean you can’t or shouldn’t get a loan, but you’ll likely face greater approval challenges and higher interest rates. Because of this, you should only ...

Joseph Widenhofer is a freelance copywriter and editor focusing on economic development, personal finance, schools and boards of developmental disabilities. He primarily works for the Golden ...

High-risk business loans are loans targeted to businesses with poor ... credit risk to lenders. Lenders may attempt to mitigate the risk on these small-business loans by requiring higher interest ...

Additionally, most federal student loans don’t require a credit check, which makes them a good option if you have bad or no credit ... and sophomores. Interest rates can be high for non-co ...