Having a high credit card balance (like $3000 for a $4000 credit card limit) tells lenders that you might end up defaulting on the next loan or credit card payment. Having a high credit card balance will thus negatively impact your credit score, hence why you need to keep it low. ...
If your credit score is below 650, and you are having trouble being approved for a credit card, Bad Credit Credit Cards may help.
Secured Loan Given By Banks In case you possess a home then you can use it as collateral to get secured loan from the bank or other mortgage lenders. In general, this loan is known as second mortgage given that the amount of money that one gets the chance to borrow is directly relative...
Lowest rates and acceptable for a bad credit score Any small loan offers cheaper and quicker pay with the lowest rates. When an average rate is up to 16%, direct lenders are able to provide payments at an 11% rate to meet the requirements of low-income borrowers with a bad credit score...
lenders will allow you to borrow up to 125% but the interest rate will be higher. As your home is at risk if you should default on the loan serious thought has to be given as to whether the reason outweighs the risk. You also need to be sure that you can afford to take on the ...
It's usually not possible to simply walk in to your local bank or credit union and apply for a car loan (sometimes, but not typical). If you do this, you may find yourself quite frustrated with multiple turn downs. Most auto lenders do not loan direct to non-prime and sub prime ca...
"If your credit score is high enough, you'll qualify for a lender's best rates and terms. Your mailbox will be stuffed with low–rate offers from credit card issuers, and mortgage lenders will fight for your business," personal finance expert Liz Weston wrote in her book"Your Credit Sco...
What are Low FICO Score Loans? A FICO score is a number calculated based on the information in your credit report. Many lenders consider your FICO score when making a determination of whether they should approve you for a loan, and if so, how much money they’d like to give you. A lo...
Investigate Your Credit Score Admittedly, some auto lenders will turn you down due to poor credit. This is because the lender sees you as a risky investment. Fortunately, there are places to get a car loan withpoor credit financing. But in most cases, it’ll cost you more in the long ...
What are Low FICO Score Loans? A FICO score is a number calculated based on the information in your credit report. Many lenders consider your FICO score when making a determination of whether they should approve you for a loan, and if so, how much money they’d like to give you. A lo...