If a customer's credit is really bad, then they may not be able to get a loan. If a customer's credit rating is poor, they may be able to get a loan at an APR of 12% - 15%.
Bad credit will affect your APR on any new loan. Most banks use a tiered credit system to determine APR.
It depends on what you are getting credit for. A home loan with an APR less than 5.5% is good. A credit card with an APR of 15% or less is good.
Yes, you can get Bad Credit Loan.
Yes, you can get Bad Credit Loan.
ANSWER The APR would NOT go down because the co-signer is just a safety net just in case you default on the payment. You might have to obtain credit repair services.
Bad credit will affect your APR on any new loan. Most banks use a tiered credit system to determine APR.
It depends on what you are getting credit for. A home loan with an APR less than 5.5% is good. A credit card with an APR of 15% or less is good.
Yes, you can get Bad Credit Loan.
Yes, you can get Bad Credit Loan.
Yes, you can get Bad Credit Loan.
ANSWER The APR would NOT go down because the co-signer is just a safety net just in case you default on the payment. You might have to obtain credit repair services.
It will be hard to get a loan when you have bad credit. However, if you already have a loan and have bad credit on other things such as credit cards, then keeping your payments current on your loan can help improve your bad credit over time.
If you have bad credit you will not only have a hard time getting a loan, but you will be charged a higher APR. As a result, your mortgage payment will be higher than if you had good credit. If you already have a home mortgage, having bad credit will not affect it. If you have bad credit and go to get a mortgage, you run a risk of being denied a loan until bad debts are taken care of and even then you may have a higher rate.
One can find an unsecured loan for those with a poor credit history online, companies that can provide these are, UK Credit, Provident, Amigo and Aspire Money. One must be careful with this type of the, the APR will be generally high.
You can find a bad credit home loan at homecredit.com
The cosigner I believe but check with the loan issuers it's in the details.
In reference to finance, APR is the acronym for Annual Percentage Rate. The APR is essentially the annual cost of the credit a person will be receiving.