I need a loan but i have bad credit

Having bad credit doesn’t mean you’re a bad person. But your credit history is your track record of how well you use and repay credit. If good credit makes it easier to get loans at good rates, bad credit can have the opposite effect. So what should you do if you need to apply for a loan with bad credit?

According to a 2014 Federal Reserve study, 40% of people surveyed who wanted access to some form of credit didn’t apply for it because they thought they might not be approved. Denial of credit may have been a possibility, but bad credit doesn’t mean you’ll always be turned down for a loan.