What are my funding options if I have bad credit?

What are my funding options if I have bad credit?

If you have bad credit, you still have several funding options. These include personal loans from credit unions, peer-to-peer lending, and secured loans. Would you like to know more about any specific option?

Can you explain peer-to-peer lending?

Sure! Peer-to-peer lending connects borrowers directly with individual lenders through online platforms. It often has more flexible requirements than traditional banks. However, interest rates can be higher. Would you like to see some popular platforms?

Yes, please list some popular peer-to-peer lending platforms.

Some popular peer-to-peer lending platforms include LendingClub, Prosper, and Upstart. Each has different terms and conditions, so it's good to compare them.

What about secured loans? How do they work?

Secured loans require collateral, like a car or savings account, which reduces the lender's risk. If you default, they can claim the collateral. This can make it easier to get approved even with bad credit.