What exactly is a negative Credit Loan?
A bad credit loan is a form of unsecured loan agreed to borrowers with bad, bad, weak or no credit. Dismal credit loans are often high priced compared to the normal because loan providers charge greater rates of interest to borrowers with bad credit than they are doing to borrowers with good credit.
It involves borrowers signing a contract and promising to repay their loan relative to the terms & conditions of the no credit check loan.