: Many include "origination fees" of up to 12%–15% of the loan amount, which are deducted before you receive the funds.
: Repayment periods are often restricted to 1–5 years to minimize lender risk, which can lead to higher monthly payments. bad credit loans loans
: Borrowing amounts are typically restricted, often to $1,000 or less, depending on your income and specific lender. Common Types of Bad Credit Loans : Many include "origination fees" of up to