Question on Bad Credit!
Ok my friend is here with me and wanted me to ask this question b/c she needs help!! First off, her credit isn’t that great..considered high risk. She has an emergency and needs a 1500 loan really quick. It seems like the bad credit loan sites (that are legit) are not allowing her to get one…if they are bad credit/high risk sites how are they not allowing her the loan?? Also … she needs to know what she can do in order to get one, or if shes totally helpless. Please let us know!! Thanks guys ~
Also, what credit cards are available for someone with her credit status?
Besides Capital One, they don’t help at all!
Tags: Ask Question, Credit Risk, High Risk
January 15th, 2009 at 12:39 pm
All I can think is that her FICO must be lower than a snakes belly.
Her choices are:
Get someone else to take out the loan for her, and then make the payments.
Borrow from a friend or family
Get a co-signer.
Sell something for the money.
I’m sorry for her troubles and I hope it turns out well for her.
Good luck!
January 16th, 2009 at 10:55 pm
First Premier Bankcard,but the fees are high or HSBC Bank. She will have to get her score over 575 to qualify for most “bad credit” card deals and even then she will only get a low limit like maybe $200.
January 18th, 2009 at 9:18 pm
You can help you friend. If you have a good credit you can be his/her co-signer so that it will be easier for her to get a loan.
Check this site ~ it has a list of legitimate lenders that give loans to people with bad credit loans.
January 19th, 2009 at 9:39 am
First Premier Bankcard. also dont click on brooksi’s link. its a virus
January 21st, 2009 at 2:47 pm
So you have bad credit, right? Doesn’t matter. You still have a possibility of getting loans. You must take utmost care before taking out bad credit loans. Otherwise, the very loan may become a repayment burden and a new debt. Therefore, it is not wise to apply for the first such loan offer that comes your way you must do your homework first and then go well prepared for the loan. First, take out all the copies of your credit report from all the three reputed agencies, instead of having the report from just one agency only. The loan provider may ask for the report from any agency.
Check the report thoroughly for any inaccuracies in it. Make sure that all the past payments find a correct mention in it. Secondly, apply for the loans with an improved FICO score. Because of late payments, arrears payment defaults or CCJs in your name, your score has slumped. You should try to pay off some easier debts. Your rating will go up a bit in few months. This will help in winning the loan providers’ confidence to some extent and the approval may be easier to come.
January 22nd, 2009 at 5:12 pm
I know of a company that over 60 percent of people who apply are approved. There are no upfront fees involved.