Question: Does anyone know of a bank or lending institution that makes bad credit loans?
I am in need of a a loan. I know the rate will be high. Banks such as american general, wells fargo and citi will not lend me anything. not because of recent bad credit, but due to old bad credit. I only have 2 accounts with history over 12 months and the rest are all new 5 months or less. I need to only borrow around 5000. any help with this would be great. my score is low but like i said its not due to recent bad credit other than a judgement from 98 that showed up back in January. I have paid most of my collections off as well and still cannot seem to get help.
Answer: The company I'm most familiar with that helps people with bad credit obtain loans is:
http://www.mortgageous.com/noriskcredit
It sounds like you would be a good candidate for a line of credit. Even with your low credit score, they should be able to set you up with a $5,000 line of credit you can draw upon for any reason. They will explain the options to you, and help you figure out the best solution for your situation.
Question: I need a loan but I have bad credit and no bank account. Any suggestions on what I should do?
I recently was sick and I had to go to the hospital a lot. I fell behind in work, in my school work, and financially I almost filed bankruptcy. I need a loan of about 6 grand to pay off all these medical bills and catch back up on all of my bills. I can't get a bank loan because my name is in chex systems, I have no bank account, my credit is not all that great, but it's not terrible. Every loan place I try to get the money from, I need like 165 bucks just to receive the loan. It doesn't make any sense. It shouldn't cost money to get money. If anybody knows of a place I can give my information to and they can send a check or something, that would be great. Any suggestions would help.
Answer: It sounds like you'll have to find a friend or family member to help you out. Places don't "just send out checks" to people, especially those without good credit. Many places that loan money to people with poor credit histories charge ridiculously high interest rates. Be sure you read the fine print before you sign anything.
Question: How can I get a bank loan with bad credit and no co-signer?
I had a student loan go into default, now I want to get a loan to pay that off so that I may be set free, and have a loan that wouldnt go into default.
Answer: you can't get a loan. With little or no credit you'll have to work on your credit first. Working is a way. Don't apply for too many cards, store credit cards, credit cards such as visa. If your cool with your parents, maybe have them co-sign or have them put you on one of their cards to help with your credit. But it takes up to 2 years to establish good credit. Trust me I know.!! : )
Question: I'm in a financial bind with 6 payday loans. Any advice? Have bad credit cannot get a bank loan to resolve.
Answer: Pay your bills and quit spending money on un-necessary items.
Question: Anyone know or have list or refferals for lenders or banks who finance bad credit auto loans.?
Does anyone know of a list of lenders, banks or financial institutes that finance auto loans for people with bad credit. example. maybe you were approved or know someone who was. if you can reccomand legitimate or was able to actually get financed with bad credit please share.
Answer: If you have bad credit then DON'T finance a car!!!!! Save up and pay CASH for a good USED car. You don't finance a depreciating asset and you sure don't do it if you have bad credit. That logic is why you end up with bad credit.
Drive a cheap beater and save up for something better.
Question: I had bad credit, no bank account, and I need a loan for $5000, to open a business?
I need a loan to open a business, but I have bad credit and no bank account, is there a place where I can get a loan if I have bad credit, or what can I do?
Answer: The two most readily available sources of credit are:
1. Start your business entity - either an LLC or Corp - you can go to www.incfile.com - they will only charge you $45 plus the state filing fee. Once you have the corporation, you can go to www.access-business-credit.com and get signed up very inexpensively for a credit building program that will get you tens of thousands of dollars worth of credit in the business name only. This credit could help you launch your business.
2. Apply for a loan on prosper.com. On prosper.com, thousands of regular people look at your loan requests and if they have confidence that you'll pay the loan back, they contribute a small amount of money towards your loan request. Small loan requests that are from 2,500 to 5,000 are often funded. The key to getting this loan will be your business plan. You will have to write up a concise overview of your business plan that gives people who look at your loan request confidence that you will be successful and will pay them back.
Question: What is the maximum fee a bank can charge on a bad credit car loan?
My fiance just bought a 03 vibe. His credit is bad after his divorce a couple years ago. We just found out that the bank charged us $4500 extra on a 13,000 loan (we put $2000 down) for his bad credit! We weren't told this by the dealer when we bought the car. Have you heard of a bank charging an outrageous fee like this, and are they even allowed? I live in Pennsylvania.
Answer: Yes, it's becoming more common. It's called predatory lending and states are just now starting to look into it and pass laws. My guess is for the time being, they can charge whatever you're willing to pay. Contact your state's attorney general's office for more info on what lenders can/can't do.
I've had good luck here...
Question: How can I find a bad credit loan when my own bank won't take a chance on me?
Answer: dont go through lenders. Speak with a smaller broker that works with tons of lenders that can find you a lender that will work with you. email me if you have any questions
Question: I have bad credit, really bad, but a local bank loaned me 25000. How soon will this begin to help my credit?
My payments are all made on time, and this is the only open account that I have. When will it start to help my credit improve? ! ?
Answer: It depends, a low of small local banks do not even report to the credit bureaus and if they do, they only report to 1.
If you are lucky and your bank reports to all three, it will take 6-months for the loan to be rated, at that point it will start helping your credit.
Question: Is wells fargo a good bank and do they give people with bad credit loans?
Answer: Wells Fargo is one of the big lenders, I am sure they do sub-prime loans, but so do a lot of other banks.
Check with your local mortgage broker to see who would have the best program for your needs!
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