B/C Loan
  
A B/C loan is, well, a bad credit loan. Maybe not in those terms. If your credit isn't too hot, or you don't have much credit at all, you may qualify for a B/C loan. You'll pay more in interest thanks to the large risk you bring to the table. However, if you make payments on time and in a regular fashion, you'll improve your credit rating in the long run.
BC: Before Christ, Baked Cookies, and Bad Credit.
Related or Semi-related Video
![Finance: What is a Credit Limit?](https://media1.shmoop.com/video/thumbnails/COURSE.FINANCE.699_770x433.jpg)
Finance: What is a Credit Limit?39 Views
Finance, a la shmoop. What is a credit limit? Alright people well simply put the
maximum amount you get to charge or use on a loan or credit account, that's a [Credit limit definition written on a 100 dollar bill]
credit limit. So yeah it's that thing that keeps toddler Joey from ordering
two hundred thousand dollars worth of Snickers bars. [Toddler looking at the snickers bar]
If you accidentally you know leave out your Amex. (Illustrative example time) If you have a ten thousand
dollar line of credit or credit card you can't spend $20,000 on a trip to Vegas,
sorry. You might be able to go on a smaller trip to Atlantic City but once [Picture of Atlantic City]
you hit that 10 grand well the party's over until you pay some of that money [$10,000 flashing in red]
back, and by the way taking that smaller trip and then putting everything on red [Chips landing on a roulette table]
22 in hopes of funding your next trip to Vegas? Probably not the soundest
financial planning... sorry, let's keep it real. [Guy putting on a serious face]
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