The worst your credit score the harder it is to get a loan. Loans providers in the USA look at details such as your credit history and failure to pay back loans in the past or a bankruptcy. These are all factors that will count against you when applying for a loan particularly with a prime lender such as Bank of America or Citibank.
As soon as the word adverse credit loans appears on your record it is more than likely that even if you are an existing customer of one of the big banks they will probably not offer you any type of loan let alone a long term loan.
Long term loans are hard to get on an unsecured basis
Long term loans 
in the USA are very difficult to get approved. Lenders who specialise in lending to those with a poor credit score are of a mindset that it is highly probable that a bad credit person will not pay back their loan on time or maybe not at all.
They basically want to lend you as little money as possible for as short a time as possible at as high an interest rate as possible.
Long term loans for prime borrowers on an unsecured basis can be for a duration as long as fifteen years. At the sub prime level loans will probably be as short as six months with the average duration of loans in this segment of the unsecured market as little as a few weeks.
Do you really need personal loans? Why would I need a personal loan. Watch to find out more:
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