Many creditors will simply look at your credit history and turn down the application you had made for a loan. This mostly happens when you have bad credit and the creditor just does not want to risk his/her money by giving you a loan. This does not however mean that with bad credit, you will never get a loan as there are many lenders in Sweden at the moment who offer loans with bad credit and refinance loans. With such, it is very possible to get a loan with your bad credit history as you simply find any of them and apply for one. You can still get some of the best samla dyra lån available with good interest rates and favorable conditions.
Many lenders too have alternative plans for people like you to get bad credit loans and it will be a good idea to find out the options you have with a particular lender. Even though the lender may not be giving bad credit loans, you may agree on certain terms that will assure him you will not default on your payments. Usually, people with bad credit will be given loans but with a much higher interest rate and stricter terms and conditions of repayment.
When you have bad credit and are doing everything to make it better, it improves your chances of getting a loan from a lender as opposed to when you are not doing anything about it. Improving your bad credit involves repair as well as making regular payments to your existing debts. If your credit report contains errors, you can try to have them corrected first so the score can at least rise. With bad credit, you are still eligible for loans for various purposes whether you want to buy a home, car or go for a holiday, as long as you demonstrate sufficiently your ability to service that loan.