Durham Museum

There are lots of rumours about different loan types, how they work, wo they are for etc and many are not true. This is especially true for bad credit loans because they are less well known. They are not offered by traditional lenders and this means that you will find that they are less common. Many of the people saying things about them may not even of even tried the loan out for themselves.

This means that when you hear something about bad credit loans only being available for those with a poor credit rating then you should check out the facts before you believe it. You may not even know what a poor credit rating is and so it can be a good idea to start by understanding what this means.