Where should I look for a loan if my credit is less than good? See details.?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
you should know that having a long credit history is good. also, check your credit score and credit report. for $20 or go to freeannualcreditreport.com and get one for free, if you already havent. If your self employed now and have good income, try getting a 'personal loan' say around $500, just to pay a minor issue. If that goes through pay it off in 6 months, then try for the big one. I am on 24 , but i hope this helps some, ~B
Where should I look for a loan if my credit is less than good? See details.?Since you are now self employed and had good credit for a many years. And that year you filed bankruptcy and had a bad year, I suggest go to your banker or local bank and discuss your situation and they can help you with what options are available to you. It's hard to answer your needs without looking at everything you have. Avoid companies selling you products to fix your credit. I found out that mortgage brokers do not like people who uses credit repair companies.
Where should I look for a loan if my credit is less than good? See details.?The problem is you say you need this loan quick!
Credit Guru's idea is fine, but it could take a while to clean up your credit (a few months).
Keep in mind that the better your score, the lower the interest rate you will be paying. So, if your loan can wait that long, definately clean up your credit.
If not, then just start calling around. If you can demonstrate that your income is good (and secure!), and you have your debts in order, they may give you the loan. But it will cost you in higher rates.
Just be patient and persistant.
Good luck
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