answersLogoWhite

0


Best Answer

It will be hard to get a loan when you have bad credit. However, if you already have a loan and have bad credit on other things such as credit cards, then keeping your payments current on your loan can help improve your bad credit over time.

User Avatar

Wiki User

2011-07-14 19:25:39
This answer is:
User Avatar
Study guides

Mortgages

19 cards

When buying a house can you get a larger house loan so you can pay off some of your credit cards and car

How long do you have to wait in Canada before purchasing a house after bankruptcy

What is a mortgage lien

Is home owners insurance required

➡️
See all cards
3.18
11 Reviews

Add your answer:

Earn +20 pts
Q: Is it good to have a loan when you have bad credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you get a home loan with bad credit but a good job?

It depends on how bad the credit and how good the job.


Where can you get a bad credit loan?

Yes, you can get Bad Credit Loan.


Can you get loan with bad credit score for your business?

No, because you need good credit.


Get bad credit loan in Ontario?

Yes, you can get Bad Credit Loan.


What bank you can go to get a bad credit loan you and your wife have bad credit?

Yes, you can get Bad Credit Loan.


How can you negotiate on your car loan with bad credit and no money?

If you have bad credit and no money you should not be looking at a loan. Get your life straightened out first. Cars are not required, good credit is.


Can you co sign a loan with bad credit?

Most likely the loan company won't accept it because to need a cosigner on a loan means that there is bad credit all ready. Two bad credit reports don't equal one good one. If you have bad credit it isn't a good idea anyway because you could end up with the loan and this will impact your credit report in a negative way.


Can a student get a student loan without a cosigner when they have bad credit and no job?

no you do have to have a cosigner with good credit in order to get a student loan.


If someone has bad credit can they get an auto loan?

You be able to get an auto loan if you have bad credit depending on the loan provider. Some loan agencies claim to fame is not checking your credit score. You may have to search many places and find a good loaner.


If someone with great credit co signs for some with bad credit does it help the person with bad credit?

The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.


Can you have a co signer with good credit co sign for a car loan if you have bad credit?

yes


Can a spouse with good credit cosign a student loan for their spouse with bad credit?

That is decided by the LENDER.

People also asked

Seed need sunshine to start growing?

View results

What is the role of entrepreneurship in Kenya?

View results

What is the role of men in modern world?

View results

According to federal regulations what describes when expedited review of a new proposed study may be used by the IRB?

View results

What is the capitol of US largest state?

View results