Poor credit rating calls creditworthiness into question and therefore, online lenders charge high interest rates. Here is how you can get installment loans with bad credit at lower interest rates.
You should improve your score by paying credit card bills and utility expenses on time. Even a fair credit rating can help you get an affordable deal.
Avoid making multiple loan applications over a short time.
Try to apply with a lender who runs soft credit check.
Compare loan deals before grabbing the offer.