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If you have a reseasonably good record of credit. Even if you were between jobs, but made every effort to pay off your debts this would look good on your record. If you constantly missed payments and made no attempt to pay them off your chances aren't good. If you have collateral and it isn't used for a loan then you could use that collateral to get your loan. Banks love to make one feel that if they have a lousy credit rating that they won't loan them money for something small such as a car, but the opposite is true. Cars are easy turn-overs, so banks can make money of them. A house is harder for banks to deal with. Credit cards companies in especially the U.S. and Canada just LOVE to have people sign up, spend like there is no tomorrow and they make plenty of money off missed payments. Most people never stop to figure out the percentage on their credit cards (they may know the %) but when they see their balance and then they start to add up the interest building on that balance it's mind boggling and it's tough for people to get out of credit card debt. Something else most people don't know, they can haggle with the credit card company to lower their rate of interest in order to pay that debt off. Go to your bank manager and see what they can do for you. If you have a poor credit rating and haven't paid off all your bills and a loan company practically ties you down to sign that contract for a loan to get a car, run fast and hard! They know that you can't really afford it and 9 chances out of 10 they'll take the car back if you miss payments. Also, their interest rates are much higher than banks. Good luck Marcy
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Do I still have tge ability to get a home loan with bad credit?
No. You will need to sort out your bad credit rating by demonstrating your ability to manage your finances before a home loan is at all likely. The recent property credit crunch has made lenders much more cautious.
How can one obtain an unsecured loan with bad credit?
If one has bad credit then it is difficult to secure any sort of loan. The best way is to be honest about the situation and to approach some of the small loan cooperatives that exist.
What type of loans provided by non banking institutions?
Any loan provided by a "non banking institution" would most likely be a personal loan. Any sort of mortgage, line of credit or other such loan would have to come from a "financial institution" of some sort whether that's a bank or credit union.
How do secure and unsecured loans differ?
With a secured loan, you back up your loan with some sort of financial guarantee like some assets. With an unsecured loan you only have your credit to back up the loan.
What kind of loan do you borrow if you have bad credit?
None. If you can not service a loan, you are better off not taking one out. If you are in financial difficulties, borrowing more is NOT the solution, what you need to do is go and seek help from a charity that deal with helping people in debt sort out their problems.
Can you get a credit card with no limits at 18?
Yes. You must be 18 or older to obtain any sort of credit, whether it be a credit card or loan. Some companies require their customers to be over 21.
How do you get loan from Bank of America?
I need the sort code of bank of America in Washington
How do you qualify for a low interest loan?
The first qualification to a low interest loan is to have good credit. You should go to your local bank branch and inquire about any sort of customer deals.
Is there such a thing as a good debt?
Unfortunately debt can never be a good thing as such. Having a credit record or some sort of record that shows you have been able to pay your debts in the past will hugely count in your favor when applying for a loan or a bond etc. The fact of the matter is that one should always avoid excessive debts and aim to buy only with the money you have. Consult a debt counsellor when struggling with debt.
Can you rent a car with bad credit?
As long as you have a credit card and fair driving record. Debit cards will sort of work, but they suck a lot of money from your account for awhile.
How would an auto lease be classified in your credit profile will it show up as some sort of loan?
It hits your fico the same way since its credit just less since the term is shorter
If your parents are in bankruptcy and you need a student loan can your grandmother cosign if she is on Social Security and disability?
my aunt receives social security benefits as her only source of income and she was able to co-sign on my student loan. they are basically looking for someone with good credit and some sort of income.Your grandmother will be fine to co-sign.
