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What do you need to get approved for a loan from a credit union?
Wiki User
∙ 10y ago
One needs to get approval for a loan from any institution, not just a credit union. No institution is willing to lend money if they believe it will not be paid back. The approval process involves checking the applicant's assets and credit history to see if the loan is likely to be paid back.
Wiki User
∙ 10y ago
Ilias Elkm
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What criteria is needed to apply for a credit union loan?
"In order to apply for a credit union loan, you may need to become a member of the credit union where you are applying. Contact the credit union to ensure of the proper criteria in order to obtain a loan."
Can you be approved for a quick loan within an hour?
Depending on where one applies for a loan, one can be approved for a quick loan within an hour. Credit checks can be done within minutes often and if you have a good credit score.
What credit score do you need to be approved for a fast loan?
A credit score is not the only requirement for a fast loan! You will also need to show proof of a stable income. If you meet this criteria, a credit score in the 700-800's is ideal. Credit scores in the upper 600's are often readily approved with proof of job.
Do you need a credit card to have credit?
No you can build credit by taking out a loan and paying it back ON TIME. Or have someone cosign a loan for you in order to get approved for a card or loan but make sure the cosigner fully understands the agreement because they'll take on most of the risk.
How can one get approved for a 2nd mortgage loan?
If one were interested in getting approved for a second mortgage loan they would need to have assets, a good credit rating and a consistent income. Some banks may require more.
What criteria is needed to apply for a credit union loan?
"In order to apply for a credit union loan, you may need to become a member of the credit union where you are applying. Contact the credit union to ensure of the proper criteria in order to obtain a loan."
I need a house loan, but how can I be approved with my bad credit score?
At the present getting loan with bad credit is hard. You will need to take some steps to clean up your credit first.
Can you be approved for a quick loan within an hour?
Depending on where one applies for a loan, one can be approved for a quick loan within an hour. Credit checks can be done within minutes often and if you have a good credit score.
What does one need to get approved for a home lender loan?
To get approved for a home lender loan you need to do the following things: fill out an application for the loan with valid and honest personal information, have a stable income, and a solid credit history.
What credit score do you need to be approved for a fast loan?
A credit score is not the only requirement for a fast loan! You will also need to show proof of a stable income. If you meet this criteria, a credit score in the 700-800's is ideal. Credit scores in the upper 600's are often readily approved with proof of job.
Do you need a credit card to have credit?
No you can build credit by taking out a loan and paying it back ON TIME. Or have someone cosign a loan for you in order to get approved for a card or loan but make sure the cosigner fully understands the agreement because they'll take on most of the risk.
Can a bank or credit union change an unsecured loan to a secured loan without your permission?
No. You would need to pledge some security.
How can one get approved for a 2nd mortgage loan?
If one were interested in getting approved for a second mortgage loan they would need to have assets, a good credit rating and a consistent income. Some banks may require more.
What are the needs for a loan?
In order to be approved for a loan you typically need a good credit history. Depending on the type and size of the loan you might also be required to have a down payment, solid work history, and references.
Which banks will offer a loan to those with bad credit but who need a car?
If one has bad credit and cannot get approved for a car loan through a bank, there are a number of companies that can help. Some options include Cars Direct, Car Loans Canada and 310-LOAN.
You have bad credit no bank account need 5000 dollars great union job need help please need personal loan?
Yes
If a car loan was reaffirmed with notes current in a Chapter 7 can a credit union force a debtor to get other financing for the vehicle loan and then also force her to close her checking acct?
Credit unions have an unusual tool in their arsenals that's perfectly legal: They can revoke your membership (and ban you from rejoining) if you have ever "caused a loss" to the credit union--including discharging ANY debt owed to the credit union at ANY time. If she had another loan (NOT the car note) from the credit union before bankruptcy that was discharged, that's legal. If the car note was her ONLY debt to the credit union, it's probably improper; but I expect you'll need a lawyer to fight it.
