Dealing with doubt and misinformation about the kind of loans available to those with bad or no credit.
The basics of loans:
We know, as do the banks, that not everyone with bad credit is irresponsible with money. Accidents happen. But we also know, and the banks know, that a majority of those with bad credit arrived in their situation as a result of their own loan choices. As a result, bad credit is a reasonably clear indicator of ability to handle complicated transactions like loans. A person with bad credit is likely to be financially immature.
This blog is written for two types of people: The financially mature, and the financially immature.
You might not know which category you fit in to. That's all right! We'll have a short test for your own evaluation.
Types of alternative loans:
Title loans
Payday loans
Pawn transactions
Refund anticipation loan
Person-to-person loan
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