It is important you know what your borrowing options are, the fees the lender will charge, as well as the payment terms and interest rates. Types of unsecured loans include: * personal loan * signature loan or note (short term, usually 3 months) * credit cards * payday loans (Up to $1,000, payable at next payday with postdated check from your account, approximately 8-15% fee.) These unsecured loans are listed in order of the interest rate charged. Personal loans usually have lower interest rates than the other three. Often payday loans charge a processing fee (usually between $15-$50) for what is basically a one or 2 week loan. The amount of money, and high interest rates, really make credit cards and payday loans the worst way to consolidate debts with borrowed money. However, no verification payday loans offer a fast and convenient way to get quick cash when you need it. Finding A Personal Loan For Bad Credit Risks We recommend you apply to standard lenders, local and online, to obtain your personal loan for bad credit risks. Don’t pay a fee to apply, or join a membership promising a list of lenders who will loan you money. You will only be throwing good money away! Debt Consolidation Loans One of the most important things to remember, when considering a personal loan for bad credit, is to NOT get a loan that will put you in a worse situation than you are already in. Look at the annual interest rate, how the loan interest is calculated, and what penalties and fees would be applied for late payments, application, etc. If the debt you are paying off has a lower interest rate, lower payments, etc., then it is NOT worth it to borrow on a personal loan for bad credit to pay that debt off. Remember, only borrow if you will benefit from the new loan. Consider refinancing your car, truck, or recreational vehicle to lower your payments. Refinanced auto loans can save your budget in hard times. If you are unsure, or find the benefit of the loan does not make it worth your while, then consider getting a mortgage or home equity loan instead. Also, if you have a lot of debt, you might want to consider a debt relief service instead of a loan. Get out of debt first, then consider new borrowing opportunities. Get The Best Personal Loan For Bad Credit Risks We recommend you use the loan services for credit and debt management loans so you are not throwing good money after bad. Keep track of your loans and payments, get the best interest rates you can, and also look to minimize the out of pocket fees for incurring a personal loan for bad credit risks. Yes, you can get good rates on credit and debt management loans . A company focused on the military for more than 20 years, Pioneer Services provides installment loans from $500 to $10,000 to active-duty and retired military personnel through their website, PioneerMilitaryLoans.com. They serve people with all types of credit, offering low rates to those with good credit ratings. And to help make sure all service members get the rates and credit access they’ve earned, Pioneer Services uses a proprietary Military Scoring Model that takes into account the credit challenges that can result from military life. Pioneer Services also stands behind their loans with a 100% satisfaction guarantee. Apply today!