High Risk High Interest Personal Loan with Line of Credit

Are you looking for high risk bad credit personal loans with a high interest rate using a line of credit? You may have tried several banks and private lender looking for this type of loan. So how can you find an easier way?Until just a few years ago, applying for a personal or home loan was quite simple actually. All you needed to do was find a bank that offered the best interest rates and payment plans, and then you could easily get approved even for high risk unsecured personal loans.But what about today? You may have noticed that when you have a bad credit history, not only you will end up paying high interest rates, but that sometimes even means your loan application will not be approved.So you may be wondering about this question...Is a Line of Credit Available for Poor Credit Personal Loans?As you may already be aware, personal lines of credit offered by banks and private institutions are usually available to creditworthy customers. For that purpose, the bank will check your credit history and outstanding loans and payments, to make sure they can trust you financially.So what if you have had some issues recently and it has affected your credit score? Is there any possible way for you to still succeed to get approved for a personal line of credit?The good news is, yes, there are some private banks that offer a line of credit for these special circumstances. They understand even long term reliable customers may go through rough times. But they are still reliable credible individuals.That is why it is a good idea to visit your local bank where you have been a customer for the longest time. This is usually the place where you have the most connections and have built the strongest trust.Then you can speak to them about your unique situation and ask for a higher line of credit for a personal loan - even with a poor credit history.Also this negotiation can help you get approved for your personal loan request, you should still be ready to pay a high interest rate. Because this is still considered a high risk loan after all.But there is a helpful solution for that. After several months or a year when you have delivered your payments on time and have therefore improved your credit score, you can always simply refinance your loan.This means you will ask the bank to take a look at your current new credit status and reconsider a better interest rate. Many people use this easy idea to save a lot of money in the long term on interest rates. So why not you?