November 24th, 2009 at 04:51pm
Under Credit Cards and Bad Credit
Question:
I have very poor credit and I am not able to obtain a credit card, how do I rebuild my credit?
I just looked at my credit report and I realize that I have a very poor rating. I am not able to get another credit card for very poor credit to help build credit again, nor am I able to get a loan, or anything involving a monthly bill. What can I do? Please assist me.
Answers:
Even if you did’t have a poor credit rating, there are financial advisors that will recommend that you look at your credit report once in a while for the following reasons: the details contained can decide whether you get that approval for the insurance or loan you are trying to get. It also reveals how much you would need to be paying per month. In order for you to double verify that the details you have there is true, finished and updated. This would also help you protect you against theft of identity.
Right when you see a mistake on a bill, you may report it to any of the companies mentioned above. They are reliable in correcting the errors that has been reflected on your credit report. Make the best out of this by calling your credit card service issuer.
If you currently a couple hundred dollars to put down on a secured credit card for very poor credit, it’s a decent option to help you start re-establishing your credit. Another advantage to the secured cars is that so long as you are able to pay down a deposit, a lender would work with you – these cards give almost guaranteed approval. It is an additional good option if you do not own or are not able to be approved for a regular unsecured credit card for very poor credit and wish to finance consumer items.
Try to get a secured credit card. It is not very good, but it’s a little step in a good direction. Another thing is to try talking to the manager where you bank; they have some suggestions once in a while.
refinance mortgage
By admin
November 24th, 2009 at 04:51pm
Under Credit Cards and Bad Credit
Question:
Credit Cards For Bad Credit?
If I can’t obtain a loan with a credit score of 430, do any of you where I can get credit cards for bad credit?
Thanks a bunch!
Answers:
If your looking to build or rebuild credit with bad credit, try applying on the internet for the following credit cards for bad credit. On the other hand, there are annual fees involved, but they are simple credit cards to obtain for a bad or no credit situation: First Premier Bank, Orchard Bank
Even though Capital One is easier to obtain if your credit isn’t great, the major downside with them is that they don’t properly report your account with the credit bureaus. They report the balance at the moment as your credit limit instead of the exact credit line, so it won’t help your cause to try to establish credit if it’s not going to report properly. Orchard Bank is a pretty decent place especially if you’re beginning or starting over. An additional option would be to open a credit card that is secured. Your bank may offer them. You would have to give them a deposit first to get a credit limit of the same total of the deposit. You can look at this as accumulating credit with a savings account because the deposit interest increases just like a savings account. It would help to raise the limit once in a while so that it would look more improved on your report with a high limit as long as you make regular payments on time, and either keep the balance down or paid off in !
full, commonly after a year you get the deposit back with interest and either the card changes over to an ordinary card or a better card is offered. If you increased the limit during that time, the high limit like I said will look like a big improvement on your report. I put up links to some secured credit card sites, including First Premier Bank.
By admin
November 23rd, 2009 at 03:42pm
Under Loans for Bad Credit
Question:
Loan for Bad Credit?
I require a loan for approxmiately $4,000 to pay off the remainder of my credit card debt and other things. My credit is poor. I have a current excellent pay record with my existing bills and the like and make payments on the cards, however, with the interest rates and extra fees, I can’t quite catch up with the older purchases. And they won’t cooperate with me on shrinking or freezing the additional charges. If anybody knows someone that can assist me in getting a loan for bad credit please help. I wish to get married soon but will not want my debt to become my spouse’s. I have a decent steady job, I simply need help.
Answers:
If you have a current excellent pay record, then your credit rating might not be as poor as you think.
You have two choices: consolidate your debts so you have just a single bill and a single repayment, or tackle the accounts individually. The main problem with consolidating is that those companies are doing it to make money, so you’ll probably end up paying more interest than prior.
List all your debts and examine the interest rates carefully. Pay extra to the ones with the biggest rates – the ones that are especially costing you the most. Bring the balance down, and you will pay smaller interest. Check if your decent steady job can stop some of your pay cheque at source and channel it towards repaying the debt. Even ten or twenty dollars each pay cheque will probably make a difference, and when you don’t have it in your hands, you are less likely to spend it elsewhere.
There is usually something you can get rid of to leave you more in your bank account, and that could be used towards your end goal too.
Do you have a membership at a credit union? Because if profit is not the main motivation, it could be the right solution for you.
See this as a challenge. You can do it!!! And best of luck with your future nuptials!
I own a small credit union loan which is now pre-paid a few weeks ahead of agreed repayments. I would like to see the balance coming down, and add every tiny sum I can to get there faster. I am in charge of my finances.
By admin
November 23rd, 2009 at 03:42pm
Under Loans for Bad Credit
Question:
Information about a loan for people with bad credit?
I am a tenant and am trying to get loan for people with bad credit for about a thousand dollars, perhaps a little under but i need it as soon as possible. I have really poor credit; however I have only defaults, no CCJ or bankruptcies. I require the loan over a short length of time. I have tried to get one from providential but I was unable to get one due to just moving to a new home.
Answers:
The last thing you need is a loan for people with bad credit.
Bad credit brings bad credit, it’s a vicious cycle.
Lexington Law Firm is the most reliable credit repair company on the planet. They get rid of all kinds of bad credit such as charge offs, collections, repossessions, late payments, tax liens, bankruptcies, foreclosures, judgments, and others.
After going over your situation, there are two things that come to my mind. One is Unsecured Loan and the other would be a Payday loan. Both are available to you even if you have a poor credit history. Do not worry about that. But if you need loan as soon as possible and only for a short period of time, I feel you should go for a payday loan. They seem to meet to all of your requirements.
how about going to Mutual? I have an account with them and they are a great company. I discovered that provident interest rates were way too high, and I believe that’s important when you require a short time loan. I hope this assists you.
You can try to apply on the internet at http://www.e-paydayloan.co.uk to get a quick payday loan and get $1,000 within a few hours, directly deposited toward your bank account.
Poor credit isn’t a problem. There are no credit history checks.
Go to http://www.e-paydayloan.co.uk/apply.html. It is easy. I already borrowed a loan with the same company.
By admin
November 23rd, 2009 at 03:42pm
Under Credit Cards and Bad Credit
Question:
What would be the best credit card for poor credit?
I require something that does not involve sending a check to them beforehand.
Answers:
If you have poor credit the one thing you do not need is another credit card. If your credit poor bad you will not get the best credit card for poor credit with an decent interest rate or start up fee. The ideal thing for you to do is build your credit rating back up. In the meantime, if it is only a visa or mastercard, you will want to obtain a bank account and request a visa or mastercard debit card. Many companies accept these cards as a major credit card, but the main difference is it come right out of your bank at the instance of payment or shortly after.
It is really based on how bad your credit currently is, if you have a number of negatives or just a couple, and what type.
If you have really bad credit, it’s unlikely that you will be accepted for the best credit card for poor credit. Most likely, the best you may get is a secured card.
If your credit scores are in the higher 500 to lower 600 range, you could be approved for an Orchard Bank credit card, but you might need to pay a small annual fee. Orchard, Bank of America and HSBC each have credit card selectors on their own websites. They are not going to make a hard pull regarding the recommendation unless you really apply for a card. Bear in mind that even though a card is recommended, you still might get denied.
If your credit scores are in the lower 500s, I genuinely doubt you would be accepted for anything but a really sub prime credit card that has a ton of fees applied.
You should attempt to work on your credit beforehand. Have your credit fixed up and get prime cards.
Look at the sites that I have listed. It is a no-carge do it yourself credit fixing board.
By admin
November 23rd, 2009 at 03:42pm
Under Cars and Bad Credit
Question:
Can somebody get bad credit car financing at 0% if they have poor credit but put down a large down payment?
I wish to pay cash for a used vehicle (15 thousand). I have the cash, but I want to establish more credit, and would like a car loan so I can pay for it in just a few payments.
Answers:
That is a complex question. You could, on paper, show 0% interest, when you are just paying off the interest out of the entire profit from the vehicle. Each major finance company I’m aware of offering 0% requires that the buyer qualify for a certain tier level to get such a rate, and with bad credit, you probably will not qualify. So the general answer is this: a snake can show you 0% and you’d never realize you just paid the twenty percent rate out of your large down payment.
Furthermore, paying it off in less than one single year really won’t help your credit score very much. On the other hand, a cd for part of that $15 thousand may earn you enough to offset a portion of your higher interest rate.
Yes you could obtain a 0% rate. Your credit rating is only one of the factors in the formula. Duration of employment, income, duration of time at residence, and sum of down payment are the other big factors. Many manufacturers are offering 0% on left over ‘08 model new vehicles now. If you currently have up to $15 thousand to put down I am certain you could qualify.
By admin
November 23rd, 2009 at 03:42pm
Under Cars and Bad Credit
Question:
Do you know what maximum fee a bank can charge on a bad credit car loan?
My friend just bought a 2002 cavalier. His credit is poor after his divorce a few years ago. We just discovered that the bank charged us $4700 extra on a 12,000 loan (we put $2500 down) for his poor credit. We weren’t informed of this by the dealership when we purchased the car. Have you heard of a bank charging an ridiculous fee like that and are they even permitted to do so?
Answers:
Yes, it’s becoming more typical. It’s known as predatory lending and states are just now beginning to investigate it in bad credit car loans and and pass laws. My prediction is for the time being, they can charge however much you’re willing to pay. Contact your state’s attorney general’s office for more information on what lending institutions can and can’t do.
Banks are regulated by the state government or federal government, and when they attach a charge, you can bet that ninety-nine percent of the times it is in their legal rights to do so.
If a person has bad credit, the advantage is with the people lending the money. They have control on the borrower. If you agree to a contract, you are at fault. You should get your credit renewed and get an ordinary loan, clear the debt, set down a spending style and budget you can live on and not waste money. Ride the bus during the meantime, carpool etc. Eliminate unnecessary expenses. A vehicle is a luxury not a need. Only purchase absolute neccessities while you’re paying off the debt. Then begin to establish on a balanced budget and savings plan.
By admin
November 20th, 2009 at 04:55pm
Under Cars and Bad Credit
auto loans with bad credit
Question:
How to refinance on auto loans with bad credit?
I currently have poor credit and I tried finding co-signers but everyone has poor credit, so they say. I can’t do anything due to my bad credit. My score is 548. No person will help me. This is making me go crazy. I am lost and am not sure what to do. Where can someone refinance auto loans with bad credit?
Answers:
It is too bad when you have to suffer the results of bad decisions, isn’t it? I am not sure what you did to get such a bad score, but not having the ability to refinance your car is just one of the bad results. No bank or financial institution will trust a person whose credit report clearly shows they are untrustworthy. Even the individuals you have requested to co-sign know better than to entrust you with their money and their credit ratings. I believe it’s either time for you to get an additional job, or time to let your auto go back to the bank.
You will not be able to refinance with a score that low and no co-signer. If a company says they’ll provide you with a loan, and requests an application fee, stay away from them, they’re just trying to rip you off.
By admin
November 20th, 2009 at 04:55pm
Under Cars and Bad Credit
auto loans for people with bad credit
Question:
Are there banks that offer auto loans for people with bad credit and aren’t connected to auto dealers?
I have poor credit but no major problems like bankruptcy, child support or anything similar to that. I make good money and I am trying to rebuild credit. I understand there are banks out there connected to dealerships that would finance me but I want to buy from a private owner and go right through an independent bank. I would like to put down about fifty percent cash. I need help.
Answers:
You might want to search the internet for banks in your local area that might issue auto loans for people with bad credit. You might want to call to ask that bank. Tell them your situation about your credit. At times, if you explain your situation ahead of time and your credit report reveals that you have been very active in taking care of finances, they may offer you finance, even more likely with a down payment. You just need to find the vehicle you like. Right now the economy is poor, and many banks are issuing out auto loans for people with bad credit. It is all depending on your debt, credit score, and your income. However, locating the right business is the main thing. As such, you might even think about getting a private loan to finance the other fifty percent. ( Capital One or Wells Fargo, etc.) Or the other alternative is to buy a decent used vehicle! There are many out there 2000 and over with prices around six thousand plus. It would depends on the shape and miles!
. Remember to get a internal report on the vehicle to check if it is not a lemon, how many people had the car or been in any incidents. There are many cars out there, so you just have to search. With determination, hard work and research you can locate the right one! It just takes time and patience! Read in the Newspaper for private owners, e-bay or even look at local bank for vehicles they are selling.
Hope this assists you.
By admin
November 20th, 2009 at 04:55pm
Under Cars and Bad Credit+ Uncategorized
auto loans for bad credit
tion:
Information on auto loans for bad credit?
My credit score is approximately between 490 and 560, and I have an auto loan through Drivetime that I wish to withdraw from. I require a new car as the family is growing, so I need a bigger car, but I still owe eleven thousand on my old car. That’s after a year and a half of submitting regular payments. I did not know what I was doing when I bought this car, now it feels like I’m stuck with it until I pay off the deb.t My payments are $450 per month, and I am able to pay that just fine, perhaps even more, but I can’t find a car dealership that will not reject me without making a $3000 down payment or more.
Answers:
There are auto loans for bad credit online for people with a poor credit history and poor credit scores who require transportation, and need a new start in rebuilding their credit. Even though it may seem hopeless if you have dents on your credit there is an answer. First you will neet to get rate quotes from multiple places. This is very vital, you should look around to get the best deal. On the other hand, remember that there are different factors to consider with each lender, as to whether or not you will receive a loan and if you do, at what interest rate. You can get approved for auto loans for bad credit.
http://badcreditloans.awardspace.com/How_To_Take_Out_A_Bad_Credit_Auto_Loan.html
However, you should understand, obviously you are not going to get the ideal interest rate on an auto loan that a person with perfect credit will receive. But with a little research, especially on the internet, you can find the ideal auto rate quote that meets your scenario. Most borrowers just dive head first into the auto financing process when purchasing a vehicle, giving no consideration to how the auto loan interest rate changes the overall cost of the vehicle or payment every month. With no plan of action or other financing source, this results in them getting high interest rates and high processing costs which result in huge monthly payments.
By admin
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