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Loans, in general, are based on risk. The higher the risk, the higher the interest rate. You'll be able to get a loan, but the rate will be higher than if you had better credit.

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15y ago

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How can I obtain personal loans without interest?

Obtaining personal loans without interest is typically not possible through traditional lenders. However, you may consider borrowing from friends or family, utilizing interest-free credit cards, or seeking out non-profit organizations that offer interest-free loans.


What companies issue credit without personal credit checks?

Credit Card with high interest rates or high annual fees!!!


What kind of collateral is used for a personal loan?

It depends on the type of personal loan. It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.


Can you pay off a personal loan with a credit card?

Yes, it is possible to pay off a personal loan with a credit card, but it may not be advisable due to the high interest rates associated with credit card debt.


What are the average interest rates on a bank loan?

It is hard to answer without knowing the type of loan and the loanees personal credit history. For personal loans the average interest rate is from 5 to 9%.


Can you get a personal loan without a cosigner?

It all depends on your personal credit history. If you have a bad credit history or no established credit then it can be difficult to get a loan. Anyone can get a payday loan but it is not recommended as the interest rates are outrageous. Contact your local bank for more information on how to get a personal loan.


Is it possible to obtain a cash advance without using my credit card?

Yes, it is possible to obtain a cash advance without using a credit card by using alternative methods such as payday loans, personal loans, or borrowing from a friend or family member.


Why is credit important for business and consumers?

Credit is important for both businesses and consumers who are trying to get loans and lines of credit. Without good business or personal credit, you reduce the chances of being granted a business loan at reasonable interest rates.


If you were to negotiate a lower interest rate on your credit cards would that affect your credit?

it can be possible because it depends on your credit.


What kind of interest rate will you be charged for a personal loan?

Many banks in Indonesia offer personal loans at competitive interest rate. Some also offer own interest rate of 0.99% equivalent flat / month if you attach a copy of an active credit card with a credit card ownership period more than 1 (one) year .


Should I consolidate my high interest credit cards into a personal loan from my credit union?

A personal loan can be used to consolidate debt and repay multiple debts such as balance transfer credit cards to find the best option for you. It can also be expensive especially if some of your debts have a high interest rate. Personal loans can come from banks, credit unions or online lenders. affordabledebtconsolidation.


What is the average interest rate on personal loans?

This all depends on how good your credit rating is. The better your credit rating, the lower the interest rates. https://www.lendingtree.com