u/JcDragon05

I have a 510 credit score and lost my job about six months ago, so I’m still trying to recover financially. Right now, I need around $2,500 to catch up on bills and avoid losing my apartment. I’ve already applied through my bank and a credit union, but both denied me.

I’m now considering online lenders, but I’m worried about predatory loans. I’ve seen stories of people stuck with extremely high rates, like 400% APR, and ending up in long-term debt cycles.

What’s a realistic APR range for someone with bad credit? Are we talking 15%, 25%, 50%? How can I tell the difference between a legitimate lender charging higher rates due to risk and a truly predatory one?

Has anyone here been able to get a loan with bad credit that didn’t end badly?