Can I Apply for an Installment Loan with Bad Credit?

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Q: My credit score is low, but I want to apply for an installment loan. Is it possible? A: There are two types of installment loans. One is secured installment loans, and the other is unsecured installment loans. The latter have requirements on your credit, so you may find it difficult to apply for the loan. But you can get a secured installment even though your credit is bad. Furthermore, you can even use it to improve your poor credit as long as you make repayments on time.   Related FAQs: