Web sites that publish information regarding bad credit financing,
but are not direct lenders.
a web site (like ours) that provides information on bad credit lending
and borrowing, but does not directly lend money to customers. Sites
like these are informational resources.
Web sites owned and operated by direct lenders who take advantage
of applicants who temporarily have bad credit ratings, and charge high
this second case, a lender may be willing to lend you the money for
a steep interest rate, and possibly compounding interest rates that
balloon up without any warning at all. Applicants must tread carefully
in these waters because there may be loan sharks waiting to take a big
bite out of pocket book over time.
Web sites owned and operated by direct lenders who offer reasonable
rates. They charge you a fair rate and they are transparent regarding
their lending structures, APR, and your direct costs.
task as a borrower who has a damaged credit rating (or terrible to horrible
credit) is to find a lender like the one described in this third example.
They do exist, but they almost always insist on some form of collateral/security
on the note.
Credit Lending In Today's Economic Environment
who cater to borrowers who have so-called terrible credit ratings
are not always "out to get you" - some will grant you a loan
at a reasonable interest rate, with reasonable terms, and reasonable
disclosures - as mentioned above, the task you have as a borrower is
FINDING these lending institutions.
we do here at CLF is provide our readers with information to understand
the implications of having a high risk borrower status, practice calculating
loans before applying, learn to budget, and avoid predatory lenders.
As humans we can learn allot when we read about others who have experienced
the same financial limitations that come with having a bad credit rating
and repayment history. That is what CLF is all about - recording and
publishing the plights of borrowers just like yourself, who have felt
stuck, alone, and perhaps financially helpless at one time in the past.
It make perfect sense that CLF was launched in lates 2008 during the
biggest economic crash since the Great Depression of the 1930s.
at CLF On Bad Credit Borrowing and Lending
publish studies on the implications of a bad credit rating, the difficulties
high risk borrowers have getting approved, which banks do approve subprime
products, how much poor credit borrowers pay in interest, how
these borrowers are treated by loan officers, and how long it takes
to finally get approved. We usually publish why the borrower needs the
loan, why they have bad credit, and sometimes their personal financial
situations. It all depends on how much information the borrower is willing
We get these submissions from emails to our editors, or from follow-ups
with commentors. We encourage you to tell us about your financial situation
and the loan you may be trying to get. Getting it off your chest might
be a good thing for you!
Risk Loan Calculations
thing we do at CLF is to feature loan calculations for each lending
request, so we can show the reality of APR, length of term(s), payment
frequencies, and of course the principal. These examples and case studies
are usually detailed, but some are just straight to the point - just
the basic form and math.
CaliforniaLoanFind.com valid as of