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Answered 2013-03-07 02:01:08
If an individual has bad credit there are still ways of getting a loan. One strategy is using home equity as a line of credit. Other options include applying to credit unions, peer to peer loan programs, or a having a co-signer. In all of these cases, it would be wise to improve credit during this process.
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What are two companies that will offer a personal loan to someone with bad credit?
Two companies that will offer a personal loan to someone with bad credit are United Lending Services and Cash Loan City. It is easier for someone with bad credit to get a personal loan from Credit Unions than from banks.
Where online can someone apply for a fast credit loan if they have bad credit?
There are several places to apply for a fast credit loan if one has bad credit. These include payday loan companies such as Wonga, Quickquid and Norton Finance.
Get bad credit loan in Ontario?
Yes, you can get Bad Credit Loan.
Where can one get a bad credit homeowner loan?
A homeowner loan for someone with bad credit can be obtained from some banks but it will be at a higher rate of interest than for someone without a bad credit record. It means one needs to ask around a lot of banks.
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.
Where could someone in need of a loan but with bad credit obtain finance?
There are a few ways that someone with bad credit can obtain finance, The first is to use a home equity line of credit and you could also apply to credit unions or receive a peer to peer loan.
How can someone with bad credit successfully apply for a home loan?
Someone with bed credit can apply for the loan. For this the person has to clear all his previous dues in the concerned agency, then he may get successful for next loan.
Is it hard to get a loan modification with bad credit?
It is the most difficult to get a loan modification with bad credit. Though not impossible, since many lending groups would rather loan to someone with bad credit because the interest that person will have to pay the loan company is going to be very high. Asking for a loan modification in the first place is a sign to creditors that they have bad credit and are trying to fix it.
What are the requirements of an unsecured loan with bad credit?
There really are not too many requirements for someone that has bad credit and is looking to get an unsecured loan. One of the requirements is to not have recently filed for bankruptcy.
Will a bank give you a loan if you have bad credit?
No a bank wont give you a loan if you have have bad credit. If you loan someone money that means that they have some kind of credibility of giving it back but maybe you can work something out if you have a job.
Is it possible to get a real estate loan if you have bad credit?
Yes it is possible to get a real estate loan if you have bad credit. You might run into a few troubles and might get a few rejections but someone will eventually give you a loan.
What are some home loan lenders for people with bad credit?
There are lots of places online where someone can find home loan lenders for people with bad credit. Some of these home loan lenders are Realtor and FHA.
Where can someone get a mortgage loan for people with bad credit?
One can get a mortgage loan for people with bad credit in two different places. The first place that one can get a mortgage loan for people with bad credit is a bank, like Wells Fargo. Another place that one can get a mortgage loan is a credit card company, like American Express.
What personal loan lenders can be used by someone with a bad credit history?
There are many loan lenders that can be used by someone with bad credit history. One that is most famous and that people know about would probably be Money Mutual.
Where can someone get a debt consolidation loan if they have bad credit?
If you have bad credit, getting a debt consolidation loan from your bank or credit union might be difficult. Some people may not have good credit, but not quite poor credit. If you have no major debts but still have so so credit you might be eligible for a loan from your bank.
Where could someone with bad credit apply for an auto loan?
Even if one has bad credit, one should first apply for an auto loan at the bank, credit union or financial institution where one does business. Car dealerships would be another source to apply for an auto loan even with bad credit.
Will you have to pay more interest if you take out a loan for bad credit?
If a person has bad credit they are less likely to be approved for a loan and if they are approved their interest rates will likely be higher than someone with good credit. Banks consider people with bad credit high risk.
How to avoid bad credit loans?
If someone has a bad credit loan, the best possibility is to get a secure loan. Some positive things that a secure loan offers is a longer repayment term, someone can borrow more money, and the eligibility criteria are generally less rigorous than a personal loan.
How can someone get a home equity loan if they have bad credit?
A person with bad credit can still apply and get a home loan by using the equity in their home as collateral. The more equity in the home the better the chances of being approved for the loan.
Where can I find a bad credit home loan?
You can find a bad credit home loan at homecredit.com
How can someone get a business loan with bad credit?
Someone can get a business loan with bad credit if one considers alternative sources. Some such sources include web-based lenders and microlenders. Another potentially risky bank option is a home equity line of credit.
What should one do if they have bad credit but need a loan on their first mortgage?
If someone has got a bad credit record and wants a loan linked to their first mortgage then they will need to convince a bank that they do have a good and realistic chance that the loan will be paid back. As it stands they are probably a bad credit risk so they will find getting the loan hard.
Where can you get a bad credit loan?
If you are looking for money over a shorter period of time, even you have a bad credit score. Fresh Instant loans give you a quick bad credit loan whenever you need.
Why would someone be interested in no credit check auto loans?
Someone might be interested in no credit check auto loans if they have bad or poor credit. Most major loan companies conduct credit checks and will screen out those with bad credit.
Where can someone with bad credit refinance an auto loan?
Reputable lenders are likely to be the only solution if someone has developed bad credit. An auto loan is a loan taken out against a person's car, and if the payments are extremely high for any reason, it is likely that the person will not be able to afford the repayments.
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