Finances are typically pretty tight when you are going through college. Credits cards are offered to many students at times, which can lead to high debt and bills which can’t be paid. This all results in many students finding themselves looking for a bad credit unsecured student loan to help dig themselves out of this financial hole. Not everyone will be able to qualify for them, but there are some government loans that you can apply for. A government unsecured student loan will have a much lower interest rate and more agreeable repayment terms. To find out about these, do a web search or talk to your school’s financial aid department. Gathering information is must. If government bad credit unsecured student loans are not the way you want to go, there are options too. Banks offer unsecured loans to people for all sorts of reasons. Generally, you do not have to use the funds on any specific thing which means you can use the funds to consolidate debts, pay living expenses, or whatever your pressing need is at the moment. The negative thing about using a bank to get a bad credit unsecured student loan is that they can be quite hard to qualify for. This is especially true if the lender doesn’t have a designated student loan department. This puts you in with all the other people who want an unsecured loan. This is a lender’s biggest risk type of loan. This all indicate the fact that the requirements are stricter and the rates are higher. If you are unable to qualify for a one of these loans, it might make a difference if you have collateral to offer. Is your car paid off? If so, you can use it to secure the loan. This will make you more attractive and appealing to the lender. Another great thing about using collateral is that your rate is suddenly much better! This puts you in driver’s seat. There are many places to find a bad credit unsecured student loan and looking online is one of the most popular places. Almost all college students spends at least an hour daily online so while doing that web can be used in this manner to search for lenders. Most of the times they will offer lower rates and be a little less picky than bigger financial institutions. Just be sure that it is a reputable place. One last bit of advice. Don’t put in too many applications. This just makes a bad credit situation worse. Check out several different lenders and study their terms and then narrow it down to three, at the most. Only let those lenders pull your credit. . The more times your credit is pulled, the lower your score drops. So, try and keep it as high as possible to get the best deal on your bad credit unsecured student loan. You can also consult the expertise of the fields.