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loans are rejected mostly when you have bad credit.
If possible think twice before getting that loan. Even if you have bad credit, you are almost sure to find someone who will approve your loan, even though many will reject it. But you can expect that the loan that you will get will not be in friendly terms - you should expect a high interest for it. That is because you have bad credit and so the lending agency thinks that the risk is higher.
The high interest may land you in trouble and considering the fact that you already have bad credit, it can be disastrous. That is why think again before applying for the loan.
I believe that it is always best if you seek professional help.
Thanks.
Last edited by usacreditor : 01-30-2009 at 01:18 AM.
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