0
Getting a personal loan to pay off debts is almost impossible unless you have great credit, income and just want to have one payment. You could get a signature loan in this matter. The other way to get a loan to payoff you bill is to take funds out of your mortgage. If you don't have a house with value, no good credit or great income, I have to be honest and say that getting a loan is not possible. You need to get a good understanding on how the credit system works and I recommend Phil Turner's Book titled The Credit Bible, everything you'll ever want to know about credit. I've used it myself and recommend to my friends.
What else can I help you with?
Is your balance on a consolidation loan calculated based on outstanding balances or revolving credit?
The balance on a consolidation loan is based on the outstanding balances of your debt, not on the total amount of your revolving credit lines.
What are the requirements for pre loan approval?
The requirements for pre loan approval typically include providing information about your income, employment history, credit score, and any outstanding debts. Lenders will also assess your ability to make a down payment and your overall financial stability.
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.
How long does mortgage loan processing usually take?
A mortgage loan processing application can take different amounts of time. It depends on many things such as the amount you are asking for, your credit history, your outstanding debts, and the amount of down money you have. It should take from a few days to a week in most cases.
Can you get a good loan rate if their are satisfied judgments on your credit report?
Yes you can, it will be based on your credit scores and how you are currently paying you debts now.
What personal information is required of a cosigner for a car loan?
Name address, credit history, outstanding debts, income verification, etc. A co-signer needs to supply as much information as the primary borrower since the lender wants to make certain the loan will be repaid.Name address, credit history, outstanding debts, income verification, etc. A co-signer needs to supply as much information as the primary borrower since the lender wants to make certain the loan will be repaid.Name address, credit history, outstanding debts, income verification, etc. A co-signer needs to supply as much information as the primary borrower since the lender wants to make certain the loan will be repaid.Name address, credit history, outstanding debts, income verification, etc. A co-signer needs to supply as much information as the primary borrower since the lender wants to make certain the loan will be repaid.
Is your balance on a consolidation loan calculated based on outstanding balances or revolving credit?
The balance on a consolidation loan is based on the outstanding balances of your debt, not on the total amount of your revolving credit lines.
What is loan outstanding?
How many unpaid debts do you have?
What are the requirements for pre loan approval?
The requirements for pre loan approval typically include providing information about your income, employment history, credit score, and any outstanding debts. Lenders will also assess your ability to make a down payment and your overall financial stability.
Where does the information contained in a credit report come from?
The information comes from your credit history: credit card and loan records, medical bills that have not been paid, student loan records, housing records, etc. that is reported to credit recort companies.
Can I use a bad credit personal loan to consolidate my debts?
Yes, you can use a bad credit personal loan to consolidate your debts. Debt consolidation involves combining multiple debts into a single loan, ideally with more favorable terms, such as a lower interest rate or more manageable monthly payments. This can simplify your financial situation and make it easier to manage your debt. Here are the steps to use a bad credit personal loan for debt consolidation: **Assess Your Debts:** Identify all your existing debts, including credit card balances, medical bills, and other outstanding loans. **Check Your Credit Score:** Understand your credit score, as this will determine the type of bad credit personal loan you may qualify for. **Research Lenders:** Explore lenders that offer bad credit personal loans for debt consolidation. Compare interest rates, fees, and terms to find the most favorable option. **Apply for the Loan:** Submit an application for the bad credit personal loan. Be prepared to provide information about your income, employment, and outstanding debts. **Loan Approval:** If approved, review the terms and conditions of the loan carefully. Pay attention to the interest rate, repayment period, and any fees associated with the loan. **Use Loan Proceeds to Pay Off Debts:** Once the loan is disbursed, use the funds to pay off your existing debts. This may involve paying off credit card balances, medical bills, or other outstanding obligations. **Focus on Repayment:** With your debts consolidated into a single loan, you'll make regular payments according to the terms of the new loan. It's important to prioritize timely payments to avoid default and additional fees. **Budget and Financial Management:** Take the opportunity to create a budget and manage your finances more effectively. This can help prevent the accumulation of new debts and improve your overall financial health. Using a bad credit personal loan for debt consolidation can be a viable strategy, but it's essential to be mindful of the potential drawbacks. Bad credit personal loans often come with higher interest rates, so carefully assess whether the consolidation will result in overall savings. Additionally, consider alternative debt consolidation methods, such as balance transfer credit cards or debt management plans, to determine the most suitable option for your financial situation. Why Use GreenDayOnline Loans Get emergency cash to help you quickly No hard credit checks Get an approval decision fast $100 to $5,000 can be used for any purpose Safe Secure and 100% online Call Us On: (800) 424-2789 greendayonline dot com
Can I get a loan to cover my credit card debts with low payments?
You can try getting a personal loan through Citi Finacial to consolidate.
What does a repair clinic do?
A credit repair clinic claims to fix your credit or qualify you for a loan. But you can do these things yourself without paying the fee that a repair clinic will charge.
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.
How long does mortgage loan processing usually take?
A mortgage loan processing application can take different amounts of time. It depends on many things such as the amount you are asking for, your credit history, your outstanding debts, and the amount of down money you have. It should take from a few days to a week in most cases.
Can you get a good loan rate if their are satisfied judgments on your credit report?
Yes you can, it will be based on your credit scores and how you are currently paying you debts now.
How do you repair the damage on your credit report from cosigning a bad loan?
TIME!
