CashCompare

  It’s the ultimate financial nightmare situation: you’ve applied for a loan, and perhaps several, but the only answer you’re getting is “no”. And now, you’re worrying not just about the financial issue that might have led you to apply for a short-term loan in the first place, but also your apparent inability to convince lenders that they should extend credit to you. Warning: High-interest rates on bad credit loans can lead to significant financial strain if not managed responsibly. For those who seek out loans, there are often alternative options, such as investing in a 0% credit card, borrowing from family and friends, and/or trying to have their bank overdraft extended. But let’s presume you’ve exhausted such obvious “alternatives” as the above. What are the next steps you should be taking after that latest loan application rejection? First of all… find out why lenders are turning you down (if you can) As a general rule, lenders don’t give unsuccessful applicants in...