People that are applying for secured and unsecured personal loans bad credit through a bank will be highly scrutinized. Their history of paying bills, their amount of debt, and their bank account will play a part in the bank’s decision to give you a loan or not. Bank loans for houses require a lot of information. It requires a steady income. A great credit report, and the promise the bills will be paid on time.
Automobile loans are difficult but not as difficult if you are capable of paying a large down payment. IF you have poor credit, you can go to a buy here pay here type loan. They usually require at least 25% of the cost of the car as a down payment. Some require more. The down payment is a promise that the car payments will be made. If you have great credit, you can walk into a new car dealership and sign papers for a new car loan. This loan will only require a small down payment. If the credit is really great, you may get a loan with hardly any interest to pay.
Keeping your credit high is easy if you pay all of your bills on time and do not live above your means. Never have more debt than you have money coming in. Always plan for a rainy day. Always make sure you have a couple of months savings in case of job loss or sickness. It is good to always be prepared and watch your credit reports monthly.