If you need a new mortgage and you have Bad Credit, you could be royally screwed in today's market. Sub Prime or Bad Credit Mortgages are becoming increasingly more difficult to obtain due to the record number of foreclosures that have forced some lenders out of business.
There is still a place where people with Bad Credit can get a mortgage, a credit card or a car loan. BadCreditOffers.com has lists of lenders who will lend money to people with Bad Credit. You can compare offers side by side and see which lender has the best deal.
Beware the Bad Credit loan. Oftentimes the terms can be so poor, the new loan will just send you further into the red. If you can get a loan you can afford, it can be a great way to repair your credit. Just make sure you pay your bills!
Where Credit is Due
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