High interest rate and unfavorable conditions: If your credit information is poor, the lending institution may think that your credit risk is high, so it may provide higher loan interest rate and unfavorable repayment conditions.
Additional guarantee requirements: Some lending institutions may require you to provide additional guarantees, such as collateral or a third-party guarantor, to reduce their risks.
Small loans are more likely: some financial institutions may be willing to provide small loans, even if your credit status is not good. In this case, the loan amount may be limited, but it can help you solve the urgent financial needs.
Look for specialized loan products: Some financial institutions provide specific loan products, specifically for people with poor credit information. The loan conditions of these products may be more relaxed, but the interest rate may be higher.
Gradually improve credit: If your credit information is poor, you can take measures to gradually improve your credit status. Paying on time, reducing debt and establishing a stable repayment record will all help to improve your credit score, so that it will be easier to get loans in the future.