Released on = July 19, 2006, 7:17 am

Press Release Author = Sharon Marchant

Industry = Financial

Press Release Summary = Abacus mortgage loans provide the lender and the borrower a
common platform to interact. The borrower can file a request for a fee while the
lender is free to explore the various requests. Anybody looking for bad credit
loans can apply at the site www.abacusmortgageloans.com or look for related
information to suit his requirement.


Press Release Body = If a person has a bad credit history, it can have detrimental
effect on his financial situation. He may not get a loan as most of the lenders may
shy away from giving the loan to the person as such a case is considered a risky
proposition. Even Credit Cards Company do not provide credit card in such a
scenario. Some companies specialize in bad credit loans. Bad Credit Loans apply to
people with bad credit history to help them tide over difficult times like paying
their debts, university education etc.

Bad credit loans apply to secured as well as unsecured loans. Secured loans are
those loans where collaterals are involved. And as the lender has some sort of
security these loans are considered less risky therefore are easily available than
the unsecured loans. While in unsecured loans no collateral is involved, therefore
the risk for the lender is much higher. The rate of interest is much higher for
unsecured loans than secured loans. The only drawback with secured loans is that the
collateral, which is generally the house, is at risk of repossession if the borrower
is not able to pay back the loan. Unsecured loan is a beneficial option for a person
with no asset or property to offer as collateral. A person who has a steady job, is
18 years of age and has a checking account can get an unsecured bad credit loan.

There are a large number of bad credit loans like Bad credit mortgage loans, Bad
credit personal loans, payday loans, Bad credit refinance loans, home equity loans,
Bad credit auto loans, home equity loans, Bad credit computer loans & debt
consolidation loans. The loans are a source to fund immediate needs of the borrowers
and provide solutions in times of financial troubles.

The bad credit loans can really help the borrower to change his bad credit situation
to a good credit one if he plans his finances carefully and pays back his loan. His
bad credit situation starts improving as soon as he files a Bad Credit Loans
application. Once he gets his Bad Credit Loans approved by his lender, he can plan
his financial future.

Abacus mortgage loans provide the lender and the borrower a common platform to
interact. The borrower can file a request for a fee while the lender is free to
explore the various requests. Anybody looking for bad credit loans can apply at the
site www.abacusmortgageloans.com or look for related information to suit his
requirement.


Web Site = http://www.abacusmortgageloans.com

Contact Details = Address : P O Box 430
phone :407-262-1429
fax :305-768-0261
email :egm_services@webpopularity.org