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What else can I help you with?
What to expect after foreclosure?
You can expect to have a big hit on your credit rating. This will last as long as 5-7 years unless you hire a professional to rebuild your credit. You will most likely not be able to qualify for a home loan for at least that time.
How soon after foreclosure can you get another home loan?
Simply, as soon as someone will agree to give it to you. With todays heightened credit requirements, a recent foreclosure is a major turnoff. That it normally occurs along with additional and continuing credit payment problems, makes it worse. You would likely need a substantial downpayment at least, and expect to pay a high interest rate. And of course, the more verifyable and steady income you have, the better. But how long and how much the previous foreclosure will effect you is each lenders decision. Some, will never grant you a loan again.
What is the impact of a foreclosure on your credit score?
Foreclosure and FICO The total impact of a foreclosure on ones credit report is estimated to be between 200-300 points. The foreclosure itself accounts for 125 -175 points and the late payments that led up to the foreclosure account for the remaining point deductions. Ironically, the higher your score was to start with the more points will generally be deducted. After several years (2-3) your credit score will have rebounded substantially as long as other payments are maintained. You can expect anywhere from a 50-100 points penalty remaining on the report at this point.
How much money do I need to deposit for a secured visa credit card and what are the interest rates like for them?
The lowest amount you should deposit in a secured visa credit for you get interest is $ 500.00. Expect to get 5 % interest back into your account.
What to expect in foreclosure of condo not primary home?
The foreclosure of a condominium unit upon which you hold a mortgage should proceed like any other foreclosure.
Are there any legitimate lenders that deal with bad credit?
Yes. However, they know that bad credit means they're taking a risk, and they will set their interest rates accordingly. Expect to pay the absolute maximum interest rate allowed by law, and further expect an extremely low credit limit so that if you do default they're not out all that much. If by "legitimate" you meant low interest, no annual fees, and unsecured credit limits in the thousands of dollars... then no, there probably aren't.
How much interest rate does Wells Fargo have to charge you for a student credit card?
For a Wells Fargo student Credit Card, you can usually expect an interest rate about 14.1% to 14.5% APR. This is one of the lowest credit card interest rates they offer. Keep in mind that interest rates are always subject to change. Check out the wells Fargo website for the latest interest rate information.
Is it possible to obtain an auto loan if you have bad credit?
It is possible, but you should expect to pay a larger downpayment and have a higher interest rate.
How can you lower your interest rate on credit card?
Your credit score plays a huge role in determining the interest rate that credit card companies are willing to offer you. Generally, the better your credit score, the lower the interest rate you can expect to pay. You may want to get a copy of your credit score, and see if there are any discrepancies or outstanding debts that you didn't know about. If you can fix these problems, your credit score will generally improve over time, and then you can reapply for a credit card with a lower interest rate, or call your credit card company and see if they can give you a better deal with your improved credit score.
How much interest should I expect on my first home?
The interest on your mortgage loan can vary considerably depending upon your credit and the amount of down payment. If your credit score is bad, the rate can be much higher. However, if your credit score is good, you could end up with a very attractive rate.
What rates should one expect when looking for car loans for a person with bad credit?
For someone with bad credit rating, he/she can expect to get interest rates anywhere between 7 to 18% on their car loan. In some instances, the rates can go as high as 24%.
How much interest do commercial loans charge?
Commercial loan interest rates depend on which bank you are dealing with and your credit history. You can expect to pay anywhere from 3% to 10% per year.
