Bad Credit Loan may refer to having a negative listing or other poor money related behaviour recorded on your credit file. This could include information about your current debts, repayment history, previous credit applications, defaults, and credit judgements. To be classified in this category, it could just take several applications within a short space of time.
Credit scores between 0-550 are considered low and suggest a bad credit rating. However, being in this position is not the end of the world. CashPal offers many loan options for people with bad credit because we understand things can sometimes happen.