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How low of a credit score can you have before lenders or banks decide NOT to give you a loan?
Wiki User
∙ 14y ago
It's entirely up to the bank. If your worried about getting a loan in general, don't. No matter how low your score is someone out there would be willing to loan you some money, even if it's $100 @ 80%. The only question is, would you be ignorant enough to accept such an offer and whom would give you a loan.
Wiki User
∙ 14y ago
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Why are major banks requesting credit forms to be filled out before applying for loans?
Banks will only lend money to people with good credit. All banks and lenders require credit information. They will then check with the credit services and find out if you've paid back people who lent you money in the past.
What are some bad credit lenders?
A couple of bad credit lenders who typically loan to people denied by traditional banks are AmeriCash and Downs Financial.
Were does information containded in a credit report come from?
Information in a credit report comes from banks, mortgage lenders,credit unions, credit card companies, insurance companies, landlords, department stores and employers.
Where can I find credit scoring advice for my car loan?
Banks and lenders will check your credit rating before approving your car loan. It will take several months to improve your score, and you can start by paying your bills on time.
Where can one find home lenders if one has bad credit?
One can go to banks such as Wells Fargo for a home mortgage. One can still find home lenders if one has bad credit and seek advice on how to improve their credit and get a loan.
When you have moved to the US from Canada and have an excellent credit history will banks and mortgage lenders need your credit history if it applies in a different country?
No they won't.
What are some mortgage lenders that accept bad credit?
Mortgage lenders are almost always banks of some sort and most banks do not give mortgage lends to people who have bad credit. However, there is one American bank called Always Trust National Bank that will give mortgage lends to people who have bad credit.
Where can a person receive a preapproval for an auto loan?
There are many places to get pre-approved, such as banks, credit unions, or even lenders on the worldwide web. Banks consist of the traditional names such as Chase, Wells Fargo, Bank of America. There are credit unions such as Navy Federal, Boeing Employees Credit Union, or CommonWealth Central Credit Union. There are many lenders online that you can search for.
When financial institutions lend money they charge borrowers?
The banks or lenders charge interest. The amount depends on your credit.
what lenders have the best rates for a used truck loan?
There is no best lender for used truck loan rates. Talk to different banks and credit lenders to find out their rates. Look at online lenders as well and compare them.
Who uses your credit history?
Usually lenders and banks uses your credit history to justify your financial credibility. Other than them, employers can also check do your credit check. Basically, your financial life depends on how good your credit history is.
What companies are known as money lenders?
There are many companies that are known as money lenders but these companies vary from country to country. One money lender company that is in the US is EZ Money Lending Co. Banks and Credit Unions can also be considered money lenders.
