The Implication of Loans For Bad Credit Histories

It is often believed that loans for bad credit specifically, are going to come with an unfairly high APR. Here we discuss the considerations of bad credit loans.

At Moolr, we specialise in short term loan lenders who offer loans for those of us with all types of credit history. When considering the implication of the bad credit loan, it is most important to consider the element of risk. This is essentially measured in terms of the likelihood a borrower will be able to keep up with the repayments of the loan.

This is called the affordability measure, and is used by lenders of all types of loans, but is perhaps most pertinent to those of us with a bad credit history.

This is not something to be upset, or indeed worried about, but serves to protect both lender and borrower.

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Bad credit loan