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A loan utilizes one's credit, but the loan does not define one's credit capability.

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14y ago

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How does one go about getting a boat loan?

Obtaining a boat loan is the same method as obtaining an automobile loan, a mortgage or any loan. One must have a history of credit scores and no bad credit.


Is provision for credit losses the same as provision for loan losses?

yes it is


What is a line of credit loan?

A line of credit loan is a loan that you can apply for by a financial institution that is open ended...meaning that you can use it as long as you want...kinda like a credit card...and the benefit is that they're usually lower interest rates (my experience) and you can write cheques to that account.


Do the terms buying and owning a home mean the same thing when applying for credit?

No, a house is considered a secured loan. When you apply for credit it will be either a secured or an unsecured loan.


How can one get a cash loan with bad credit?

One with bad credit may get a cash loan from Cash One. They offer services such as payday loans and do not do a credit check for their customers. Same day loans are available.


Where can you get a bad credit loan?

Yes, you can get Bad Credit Loan.


If a co-buyer is on the contract and is making the payments does the co-buyer receive the credit points or does the buyer?

Both the co-buyer and the buyer get the credit and the blame if the loan is not paid. Co-signing on the loan is the same as getting the loan.


Where is one able to find a guaranteed home loan even with bad credit?

There is no way to guarantee someone will give you a home loan, but if you have poor credit, you can shop the same home lenders as someone with pristine credit. They will assist you in taking the steps to getting you approved for a home loan.


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.


Get bad credit loan in Ontario?

Yes, you can get Bad Credit Loan.


How does loan shopping affect my credit score?

When you shop for a loan, multiple lenders may check your credit report, which can temporarily lower your credit score. However, credit scoring models typically treat multiple inquiries for the same type of loan within a short period as a single inquiry, minimizing the impact on your score.


Is it good to have a loan when you have bad credit?

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.