Bad Credit Loans

December 6, 2011 by staff 

Bad Credit Loans, Being broke around the holidays can be difficult. It seems as if there’s always something that requires a few bucks. My guess is that you’re not the only family that will struggle with the holidays. There were 1.55 million bankruptcies in 2010, so you’re not alone.

As you already know, a bankruptcy hurts your credit score, making it more difficult to get credit cards or borrow money. Chances are that your credit score may have fallen by 200 points.

So what’s an aspiring Santa to do? How can you survive the holidays without cash or the ability to borrow money?

Let’s take a two-stage approach. First, we’ll look at what can be done to improve your access to money. Next, we’ll see if we can’t help you survive the holidays on very little cash.

Begin with your credit score. You’ve taken a legitimate hit, but your file may also contain some errors. Studies vary, but some have found that as many as one in four credit reports include mistakes big enough to affect your ability to get credit.

You can dispute and correct any credit report errors you find. Unfortunately, with only weeks until the holidays, any corrections will be too late to help this year.You can pull your credit reports for free once a year from each of the three credit bureaus at

One method that’s often used to begin rebuilding credit after a bankruptcy is to get a secured credit card. That requires you to put up cash to “secure” the card. Clearly that, too, won’t help in your situation.

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