5 types of bad credit loans to avoid, according to U.S. News.
Bad credit loans should just be called bad loans.
Even if your finances are rock-solid, you’ve probably noticed the advertisements suggesting that if you have bad credit, Company X will be happy to give you a loan.
And unless you’re young and not yet jaded, you know that accepting a loan from Company X isn’t smart.
But if you’re desperate enough, you might take one out anyway. You might feel that if a company is dumb enough to loan you money despite your bad credit, it’s better to take the money and ask questions later. But it’s actually better to ask questions now. Here are some common bad credit loans – and why it’s better to stay away.