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What else can I help you with?
Do greenwoods loans offer good rates?
"Greenwood Loans offers loans to people that do not typically have good credit. Due to this, Greenwood Loans have higher than normal interest rates since the company is exposed to a higher credit risk. However, if reestablishing credit or improving credit is the goal, Greenwood Loans may be a possibility."
How does bankruptcy affect interest rates on loans and credit cards?
It cause interest rates to rise.
How do personal credit ratings impact one's ability to secure loans or credit?
Personal credit ratings impact one's ability to secure loans or credit by influencing the lender's decision on whether to approve the application. A higher credit rating indicates a lower risk for the lender, making it easier to secure loans or credit with better terms and lower interest rates. Conversely, a lower credit rating may result in higher interest rates or even denial of credit.
Why do interest rates on consumer loans typically average higher than on most other kinds of bank loans?
Interest rates on consumer loans typically average higher than on most other types of bank loans due to the increased risk associated with lending to individual borrowers. Consumer loans often involve unsecured credit, meaning they are not backed by collateral, making them riskier for lenders. Additionally, consumers may have varying credit profiles and financial histories, resulting in a higher likelihood of default compared to secured loans, such as mortgages or auto loans. This elevated risk is reflected in the higher interest rates charged to consumers.
Where can you find loans when your credit is poor?
Poor credit will not keep you from getting a loan. Some banks and credit unions offer higher interest rate loans for people with bad credit. Pawn shops and pay day loans are found in the yellow pages. Most of these loans have very very high interest rates and are not a good option.
Do greenwoods loans offer good rates?
"Greenwood Loans offers loans to people that do not typically have good credit. Due to this, Greenwood Loans have higher than normal interest rates since the company is exposed to a higher credit risk. However, if reestablishing credit or improving credit is the goal, Greenwood Loans may be a possibility."
Will I have to pay higher interest rates on student loans if I have bad credit?
Anyone with bad credit will pay higher interest rates on a loan, not just a student loan. The lender charges a higher interest rate which enables the facility to receive more interest quicker in case of default.
How does bankruptcy affect interest rates on loans and credit cards?
It cause interest rates to rise.
What type of loans have the lowest interest rates?
Typically, home loans have the lowest interest rate. Credit cards and Pay Day loans usually have the highest interest rates.
Do auto refinance loans generally come with high interest rates and how do I qualify for one?
Auto refinance loans do typically have higher interest rates than new purchase loans. You can get refinance loan from many major banks and credit unions.
Will interest go higher for car loans?
No it's not like that the interest would go higher for car loans it all depends on your credit records, but there are many online sources who provide car loans with low interest rates try to contact them and get your problem resolved.
How do personal credit ratings impact one's ability to secure loans or credit?
Personal credit ratings impact one's ability to secure loans or credit by influencing the lender's decision on whether to approve the application. A higher credit rating indicates a lower risk for the lender, making it easier to secure loans or credit with better terms and lower interest rates. Conversely, a lower credit rating may result in higher interest rates or even denial of credit.
What are subprime loans and how do they differ from traditional loans?
Subprime loans are loans given to borrowers with poor credit history, making them higher risk for lenders. They typically have higher interest rates and less favorable terms compared to traditional loans, which are given to borrowers with good credit history.
Where can you find loans when your credit is poor?
Poor credit will not keep you from getting a loan. Some banks and credit unions offer higher interest rate loans for people with bad credit. Pawn shops and pay day loans are found in the yellow pages. Most of these loans have very very high interest rates and are not a good option.
Can you explain bad credit loans to me?
I think they do work with high interest rates. They will give you the money you need but with higher interest than someone with good credit would have. But it can also help you if you can afford it.
What are the average interest rates for student loans?
Most student loans are interest free when you are still attending college, then increase from there. It really depends on your credit score to what interest rates you qualify for.
What are the advantages of secured loans?
The advantages of personal secured loans are that they usually offer low interest rates, your credit history is not as crucial, employment may be optional, the value of the loan can be higher and good credit can increase the amount of loans you can take.
