Is there anyone who actually lends to people with horrible credit?
Yes, but the transaction of business with such lenders is not advisable. Such businesses are referred to as "predatory lenders", meaning they loan money to persons who are somewhat desperate at maximum interest rates, with many added fees, and penalties. The agreement will usually include stipulations that the lender can seize the debtor's property without due process if the borrower commits a breach of contract by defaulting on the agreed terms. Please be advised persons dealing with such businesses have forfeited vehicles and in some cases homes for a debt owed that was significantly smaller that the fair market value of the property used for collateral.
Credit repair is LEGAL. You may have heard some mention that credit repair is actually illegal; but the fact of the matter is there is nothing illegal about credit repair and disputing inaccurate information about your credit file. The Fair Credit Reporting Act (FCRA) actually encourages people to dispute inaccurate information.
"Generally, yes almost anyone, even those with bad credit can get a sub prime loan. Sub prime loans are designed especially for people with bad credit as a way to try to rebuild credit. The interest rates are definitely higher as would be expected, though if the loan is a secured loan the interest rate would be lower than that of an unsecured loan."
People can apply for credit cards at age 18, although they can apply through a spouse or parent if they are under 17. However, in case of debt, the responsibility lies solely on said spouse or parent. There is new legislation that is attempting to make it illegal for anyone under 21 to apply for a credit card.
who knows i think credit reporting agency's should be in a USA class action suit for not having some kind of structure people could actually follow with accurate numbers. Iv never heard of anyone who is treated the same as far as numbers, and our lives good or not so good are controlled by their" # ". Don't seem like Issac is so fair after all.
To us some of the things Cleopatra did are horrible, but in reality, most of the murders she ordered were for self-preservation. She was actually no worse than other ruler of her time. We can't make the mistake of judging Cleopatra or any of the ancient people by our standards. We have to consider them in the time and world in which they lived.
The lender will consider the credit of the people that will be applying for the mortgage. Anyone with bad credit will only hurt the other person's chance of getting the mortgage. If they can apply by themselves they should. After the the closing of the mortgage and sale--anyone can be added to the title --it is called a quit claim deed. The bank will consider the credit of all people on the application. They will…
If your credit score is low (perhaps through defaulting on previous loan agreements or failing to pay credit cards on time) - it signifies to anyone who searches your credit history - that you are a high risk. People who are high risk debtors are more likely to be refused future credit (or only offered high interest credit) - until they can prove they are more disciplined in managing their debts.