Personal loan
- FrankN
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- FrugalFran
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- Breakinger
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- FrankN
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- kuhren
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Replied by kuhren on topic Re: Personal loan
A finance company usually deals with customer with not so hot credit (anywhere from 500 score and up), and borrow their money from a bank. Which is why the interest rates are around 25 or 26%. An example of a finance company would be (depending on your area) a citifinancial (they get their money from citi bank), and American General. A finance company also does not deal with any sort of banking. Just the lending portion Also, most finance companies do their own collections in the same office.
hjm331 no money down would be required. Depending on the amount of the loan they may require some sort of security (car title, motorcycle, dirtbike, atv, etc....) usually any amount under 5k, and depending on your credit, you can do unsecured with just a personal property listing.
hey i am trying to get a big loan over 5k with a 550 credit score i have my car as collateral what should i do please help thanks....
- patrick12
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- kforbes86
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Account Name: | OKLAHOMA EMPLOYEES CR |
Account Number: | 200225XXXX |
Acct Type: | Unsecured Loan |
Acct Status: | Open |
Monthly Payment: | $100.00 |
Date Open: | 12/1/2011 |
Balance: | $805.00 |
Terms: | Unknown |
High Balance: | |
Limit: | |
Past Due: | |
Payment Status: | Current |
Comments: |
- kforbes86
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- richhall62
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Replied by richhall62 on topic Re: Personal loan
Hello,
I need a personal loan to pay off some payday loans. My credit score has gone down a lot. It is now in the mid 550's. I have 3 things in colletions and everything else I pay on time(car, credit cards etc). My step mother has offered to co sign on a loan for me, her score is a 780. I have called my credit union and several other banks and they said that I would more than likely be turned down b/c of my credit report(collections & low score). Is this true for all banks? I really need to pay off these payday loans(1200 a month for interest only) and I am getting married in 4 weeks and need to finish paying off my dress, shoes etc.
Thanks
Try to find an Unsecured Personal Loan Lender that accepts collateral in addition to your credit. If you have any assets, they will most likely accept you at a normal interest rate with collateral
- cce
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Replied by cce on topic Re: Loans Online
Thanks
- JoeArg29
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Replied by JoeArg29 on topic Re: Loans Online
A couple of years ago I searched for a normal personal loan, and there were numerous legitamate loans being advertised. It looks like payday loans are now dominating this market. Has anyone had any luck with their local bank or FCU for a loan more than $5,000?
Thanks
Try Prosper or LendingClub they are legit...I invest all the time prosper is easy
- cce
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Thanks
- Meya
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Replied by Meya on topic Re: Personal loan
I know this is off the subject but could you take a look at this thread, lindlau needs some advice about Bofa airmiles vs Barclay's airmiles, I am not for sure which bank purchased the airmiles, but i do believe Bofa did. Please help! Thanks!
https://www.financeglobe.com/SocialNet/forum/showthread.php?p=20209#post20209
- smcc
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Its been so long Meya, are banks still doing signature loans ?
- Meya
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Replied by Meya on topic Re: Personal loan
Since your debt is only $3k, I would try and pay that down myself through snowballing or some other pay down express.....lol. You have pretty good scores, hopefully no baddies are involved:innocent:. What is your highest loan trade on your cc or installment accounts? Sometimes banks look at who gave you the most money and how well you handled it. Since you only want $3k, you might want to start with our local branch, I believe you might come up with some type of luck. But I hate to say that they might ask you to bring in a co-signer because your income is pretty low. By the time they figure out how income - bills + current debt, they may come up with a red flag for cosigner.
If you want to give it a shot, go into your local branch where you bank, and sit down and speak with someone at the desk. If you have a credit monitoring service, download a copy and take your Cr in there with so you don't have to get any hard pulls from them. That is when you will get a better chance of a yes or no.