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If you have a line of credit are you still able to get a loan?
Wiki User
∙ 15y ago
in actual fact it may even be easier as long as you haven't defaulted on any payments.
Wiki User
∙ 15y ago
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How can your partner and you get a home loan if we both have bad credit?
You will still be able to get a loan even with bad credit. You will probably have to pay more than someone who has good credit, but you should still be able to obtain a loan. The process is a little more intense and might take a little longer, but it should still be possible.
How would I be able to obtain a home loan if my credit is bad?
You may be able to still buy a home. Why is your credit bad? Do you have a down payment?
Is line of credit a loan?
Yes.
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
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%.
What are the benefits of an FHA home loan?
One of the benefits of an FHA loan is that the payments are the same for the duration of the loan. One can have a low credit score and still be able to obtain an FHA loan.
What is the average expected credit score to receive a mortgage loan?
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
What about credit card?
line of credit that you can borrow, to purchase items. it is a loan
Who can co-sign auto loan?
Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.
Can you get a car loan with a co-signer if you have a repo on your credit?
You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.
Can you switch from a line of credit to a fixed loan?
You can refinance the line with a fixed rate loan, or negotiate with the lender to freeze your credit line and fix the rate. They may or may not grant this request.
What is the difference between home equity line loans and line of credit loans?
A home equity loan is a one time mortgage made against the equity of your property. On the other hand, a line of credit loan is not really a loan but is a line of credit you can access anytime within a set time period.
