Getting credit to repair bad credit or establish credit can be a difficult task when most lenders are not willing to give you a second chance or let you prove yourself credit worthy because this is a case full of risks for banks with your credit history, you are more likely to make late or even defaulted payments. As banks tend to go for safer investments, they have stringent loan selection process. They will usually steer away from loan applications from people who have bad credit history. And you have to do a lot of convincing to secure a bad credit loan from them.

However, you can still get a bad credit loan from some institutions. But these loans can cost you more as they come with high interest rates. Besides, you also have to prove to your intention of loan payback to these lenders.
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