If you have bad credit, the interest rate you’ll pay on a line of credit may be much higher than what you’d pay if you had strong credit. And that’s if you can find a lender who’ll approve you for a line of credit — many only grant them to people with good credit. A so-called “bad” credit score is a score that’s so low most lenders won’t extend new credit due to the risk involved. But for all intents and purposes, a bad credit score is technically defined as anything below 580, according to FICO, the credit score used most by lenders to determine creditworthiness. With a personal loan or line of credit from U.S. Bank, you’ll get to enjoy easy access to your funds. Find the loan that’s perfect for you and apply online today. poor credit Get your free credit score Start rebuilding with one of these credit cards for people with bad credit, some of which are from our partners. These cards require a cash security deposit. Secured cards, credit-builder cards and student cards are three types of credit cards that can be easier to get with bad credit or a limited credit history. If you’re approved for a secured card, you’ll be required to put down a refundable security deposit to act as collateral in case you can’t repay what you charge on the card. We do not offer bad credit” lines of credit. When credit-reporting agencies calculate credit scores, they draw on a range of information, combining it into a single number that may or may not reflect an individual’s actual creditworthiness. An individual's credit rating is typically considered bad or poor if their FICO score falls below 620. Issues that drop a FICO score to such a level include defaulting on (failing to pay back) loans and credit cards, making payments past their due date, and/or carrying a high level of debt. The right credit card for most people with bad credit is going to be a secured card. Secured credit cards charge the lowest fees and offer the best approval odds. But if you need a small emergency loan, you’ll have to compare unsecured cards for people with bad credit, which tend to be pretty expensive. The Best Business Lines Of Credit For Bad Credit Whether you have an emergency expense and need money quickly, or you just want to have a backup form of funding on-hand for the future, a line of credit can be good for your business. Before you apply, become familiar with the best lines of credit for borrowers with poor credit scores. An unsecured credit card requires no security deposit and is a true line of credit from the card issuer. A drawback to these unsecured credit cards for bad credit, however, is that they typically come with high fees and a high interest rate or APR.