Bad credit unsecured personal loans have gotten very popular over the last several years as Americans have struggled with their personal finances. Some of the major banks and lenders to offer personal loans include Citi, Chase and Capital One. Please make sure to understand that there are many other personal loan lenders that can help you take out a loan in May of 2010.


By taking the time and effort to do your research there is a very good possibility that you could find a bad credit unsecured personal loan with an attractive interest rate. It is important to understand that a bad credit personal loan interest rate will not be as low as a well-qualified personal loan.

The average interest rate for a secured personal loan is currently between 12% and 18%. If you are seeking an unsecured personal loan you will likely find yourself in the high end of this range or possibly even higher. Make a mental note of this interest-rate possibility before going through the application process.

By doing your research on many personal loan lenders including Citi, Chase and Capital One you could find that there are offers available in May 2010. Before making the final decision it would be important to analyze your current financial situation.

Author: Heather Best