Believe it or not people with a bad credit score may find it more difficult to lease a car than to buy one. This is due to the fact that car leasing companies usually refuse lease cars to people with a poor credit record. However, not all hope is gone, there are short term loans for bad credit that can help you get just enough money to purchase a vehicle. You may not be able to afford a new car, but at least you'll be able to get around. Short term loans for bad credit don't require collateral.
Short term loans for bad credit are based on the borrower's signed promise to pay back. This is why short term loans for bad credit are considered high risk. To protect themselves of this risk, the lender applies the maximum monthly interest.