0
Because we paying the orginial amoutn and interest amount together.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How can your partner and you get a home loan if we both have bad credit?
You will still be able to get a loan even with bad credit. You will probably have to pay more than someone who has good credit, but you should still be able to obtain a loan. The process is a little more intense and might take a little longer, but it should still be possible.
What are the downsides of a bad credit loan?
It depends on how desperately you need the loan. If you are desperate for the loan, then you should take the bad credit loan, as it may be your only option. However, if you can, it is better to slowly rebuild your credit.
How do I start to get credit to build a credit score?
To get credit to build a credit score, you must take a loan out on something such as a car or a house and then make payments. The more you are on time, the better your score will be.
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.
What bank would fiance a loan with a bad credit score?
There are not very many banks that would help you finance a loan with a bad credit score. You should visit www.fastupfront.com/bad_credit_business_loans.html for more help acquiring a bank that would take a bad credit score.
The Right Time to Take Credit?
Believe it or not, there is a right time to take credit or a loan, and it is precisely when you do not need it. Starting a business with a loan is only right when you already have the money to start that business without the loan anyway. You can then secure that loan with the money that you already have stored away and have more leeway with your finances. In the same way, taking a loan for a house or a car, especially a car, is best done secured. Have the money already set up in cash, then take the loan against the savings.
How do you get a loan to buy an existing business What extra steps do I take if I have bad credit?
You might be able to get a loan even with bad credit. You will, however, get the loan at a very high interest rate.
Can one take out a wedding loan?
Yes, one can take out a wedding loan. One can learn more about loans at popular on the web sources such as Plain Green Loans, Net Credit, and One Main Financial.
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.
How long does it take once you have you Discharge papers from Chapter 7 filing do your credit score go up?
The credit score and the actual approving of credit are similar but not exactly the same. They are a combination of a number of factors....like your income, and if your paying things on time since the discharge, why the loan is needed and all the normal credit issues...etc. That you already showed you couldn't responsibly handle credit before is a problem....especially if your now asking for credit to pay bills and haven't clearly shown you have learned from the past...learned things like you can't borrow yourself out of debt...that getting a loan means you have to have more income (or lower your expenses) to pay it back than if you didn't make the loan...etc. The credit score and the actual approving of credit are similar but not exactly the same. They are a combination of a number of factors....like your income, and if your paying things on time since the discharge, why the loan is needed and all the normal credit issues...etc. That you already showed you couldn't responsibly handle credit before is a problem....especially if your now asking for credit to pay bills and haven't clearly shown you have learned from the past...learned things like you can't borrow yourself out of debt...that getting a loan means you have to have more income (or lower your expenses) to pay it back than if you didn't make the loan...etc.
What will rise my credit score?
A credit card, a small loan, do not take a big loan out your time cause it will take time to pay it back an if u miss one payment it will hurt I done that on my first loan and it almost messed me up
Are joint loan applicants able to take up separate loans?
Yes, if their credit history allows them to qualify for more financing.
