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Someone who helps a person with bad credit is called a debt counselor or debt consolidator. Many finical agencies such as banks and credit unions offer consultations with these professionals.
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∙ 10y ago
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If someone with great credit co signs for some with bad credit does it help the person with bad credit?
The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.
Can a co-signer help get a person with bad credit get the same rate that a person with excellent credit gets?
Not likely.
Would a credit counselor be able to help me fix my poor credit?
The best type of help for a person with bad credit is a non-profit credit counselor. These types of credit counselors are funded by the government and they are not meant to make money out of a person's situation.
Where is it possible to refinance a home mortgage if someone has bad credit?
There are many places a person can go to refinance a home mortgage if they have bad credit. Bad Credit OK and Quicken Loans are two websites a person can use to help refinance their home mortgage.
How does adverse mortgae help a person?
Adverse mortgage helps a person with a bad credit history. Adverse mortgage helps people with bad credit and enables them to buy a property without difficulties.
If we have bad credit will a cosigner help us get a mortgage?
Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.
What are some tips for a person who is wishing to buy a car with bad credit?
As long as you have cash or a trade in or house bad credit will be diminished. Alternatively you could have a friend or relative help you with their credit if you can come to an agreement.
How can a co-signer with perfect credit help you get a mortgage loan when you have bad credit?
They sign the papers with you. Basically the lender understands that if you have bad credit, then they will depend on the co-signer to help you out. Otherwise the co-signer will soon have bad credit also.
How could the FHA help with a bad credit home loan?
The FHA can help with a bad credit home loan by allowing one to get a mortgage despite having bad credit. They are loans insured by the federal government.
What credit cards can be applied for with bad credit?
Having bad credit a person limits themselves greatly on what credit cards they can have. The only card offered to people with bad credit is the Premier Bank MasterCard.
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.
Where can a person with bad credit shop for automobile loans?
A person with bad credit can shop for automobile loans on the Road Loans website. Another good place to get automobile loans with bad credit is the JD Byrider website.
