Bad Credit Loans

QWhy I Can Not Find A Reasonably Acceptable Interest Rate On Loan Like On Traditional Loans If My Credit Rating Is A Bit Lower Than Required?
AThe reason why you have been offered interest rate higher on your intended loan than on traditional loans is that if you have a credit rating even slightly lower than required by traditional loans then you automatically become a customer in a sub-prime market for loans. Secondary finance divisions of many banks and other financial institutions that constiture a sub-prime market for customers just like you, that is with low credit rating. As a result of your default on your credit arrangement you will be offered interest rate higher than on traditional loans and interest rate will depend on your particular circumstances.