Wednesday, September 7, 2011

How to Get a Home Improvement Loan with Bad Credit

If you have plans to improve or renovate your home, acquiring a loan can be just what you need to get started.  If you have good credit rating, you should have no problem finding a personal loan deal with affordable interest rate and flexible repayment terms.  But what if you have bad credit?  Does this mean you cannot get a home improvement loan?

The good news is that you can find lending companies that offer special loan programs for customers with bad credit history or low credit score.  However, there are some things you should remember when looking for a bad credit home improvement loan:
  • Check your credit report.
  • Consider a home equity loan.
  • Get a co-signer.
  • Compare bad credit loan deals.
  • Think about repayment.
  • Negotiate for a lower rate.
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