How to Get a Subprime Loan
Obtain a subprime loan to consolidate your debt.
Make a list of your requirements for a subprime loan. Purchasing a home or refinancing with a subprime loan may help accomplish your goal; however, the cost to obtain credit will typically exceed Federal Housing Administration (FHA) interest rates. Using a subprime loan to consolidate your bills may offer monthly savings that justify an above-market interest rate.
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