Navigating the financial landscape can be tough, especially in today's economy characterized by high inflation and rising interest rates. Many individuals are turning to credit cards to manage their expenses, leading to a surge in credit card debt. This situation can adversely affect credit scores, limiting borrowing options. However, there are still viable personal loan options available for those with less-than-perfect credit. This article outlines the best personal loans for bad credit, categorized into six distinct options. Notable lenders include Upgrade, which offers both secured and unsecured loans with competitive rates; Upstart, known for its low rates based on alternative credit factors; and One Main Financial, which provides rapid funding. Other options include Oportun for secured loans, Avant for unsecured loans, and PenFed for loans with minimal fees. Ultimately, it's crucial to compare multiple lenders to find the best fit for your financial situation, considering both costs and other important factors.
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