Get a personal loan, even with bad credit.
Credit scores in Canada range from 300 to 900, with 574 or less being considered a bad score. Whatever your score may be, it’s used by lenders to determine the likelihood of you repaying a loan.
A bad credit score can make it difficult for a person to obtain a loan, buy a car, or get a mortgage. Landlords and employers may also request your score to get a sense of your ability to meet commitments.
A personal loan can sometimes help you to repair your credit score. Personal loans also have lower interest rates than payday loans.
If you’ve got bad credit and need a loan, don't fret: LowestRates.ca will work to match you with a lender that can help you.
Read on to learn more about how loans work and what you can do to maximize your chances of being approved for one when you have bad credit. When you’re done studying up, feel free to apply for a no-obligation quote.