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Depends how bad a rating you have, whom you are seeking to borrow from, and what the terms of the lender are.
1) Many institutions will lend you money if the bad rating isn't below a certain point. This limit may not be the same among all lenders.
2) If one or two institutions refuse to lend to you, it doesn't automatically mean that all others will follow suit, though it is an indication.
3) Some lenders will lend to those with bad credit ratings but will impose stricter terms.
Another point: it also may depend what, if anything, you've been doing to improve that bad credit rating. A recent, consistent upswing in your monetary behavior may possibly swing the lender's decision in your favor.
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What is the APR for a bad credit loan?
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%.
Does your bad credit rating affect your children if they want a loan?
only if your cosigning
Will having bad credit make it difficult for you to get a home loan?
A bad credit rating will make it difficult for you to get a home loan. Lenders don't want to lend money to people with low credit scores.
Can you refinance and remove the co signer?
Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.
Where to get a loan with bad credit?
Banks may reject your loan application for bad credit by rating your credit report card, but remember there are many online lending financial companies in the USA provided you small loan at low rate of interest, hence, why not try with takebadcreditloan.com ?
What is the APR for a bad credit loan?
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%.
Does your bad credit rating affect your children if they want a loan?
only if your cosigning
Will having bad credit make it difficult for you to get a home loan?
A bad credit rating will make it difficult for you to get a home loan. Lenders don't want to lend money to people with low credit scores.
What is the limit on a bad credit loan?
There really are no limits to a bad credit loan. This isn't something that one wants to achieve since bad loans impact one's credit rating and can lead to collection agencies pounding on your door.
When bad credit expires does the credit rating go up?
No. Your credit rating will remain the same long after the bad credit has expired. In order to get a better credit rating, you'll have to obtain a credit card or loan of some sort. Making monthly payments and staying within the credit limit will gradually improve your credit rating over time.
Can you refinance and remove the co signer?
Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.
What credit rating number would a loan officer considered bad credit?
Credit scores range from 300 to 850. Generally a loan officer would consider a score below 620 to be a sub-prime, or bad score.
Where to get a loan with bad credit?
Banks may reject your loan application for bad credit by rating your credit report card, but remember there are many online lending financial companies in the USA provided you small loan at low rate of interest, hence, why not try with takebadcreditloan.com ?
Where can you get a bad credit loan?
Yes, you can get Bad Credit Loan.
Does your bad credit rating affect your children if they live at the same address?
no it does not affect your children's credit rating. credit score is based on how an individual uses credit, not on how other people uses credit. what possibly may happen is children may learn thier parent's bad credit habits. if a consumer needs a co-signer (parent) then if the parent has a bad credit rating that will affect the loan
Where can one get a loan with a bad credit rating?
There are several places where someone can get a loan that has a bad credit rating. Websites such as, better loan choice, mortgage digger, and lending booth all give loans to those with bad credit.
Where can one turn to for loans if one has a bad credit rating?
Sometimes if you have been with a banking institution for a long time they can offer you a loan even if you have bad credit. You can also ask a variety of loan companies and see if you can work out a special type of loan.
