Because the lender has some collateral, expect the interest rates for a secured personal loan bad credit to be lower than that of an unsecured personal loans bad credit. Once you apply for a bad credit personal loan, your credit history will be checked by the lenders. This is for the lend...
After artificially enhancing their quality of life for months or even years with unsecured debt (i.e. credit cards), they hit the limit of what the credit card companies think they can pay back while still alive. Then boom the credit all stops, the interest rates all jack up to the ...