Tag Archives: loans

Does anyone know anything about bad credit loans?

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Question by Naitto: Does anyone know anything about bad credit loans?
A friend of mine is trying to get a loan but his credit might not be to good. I know there’s a bunch of scams out there so I’m not really sure where to look anymore. I know some banks offer them but do you have to have an account with their company? I also know you can go online but that of course is where you get scammed. Does anyone have any experience here?

Best answer:

Answer by My Take on It
With bad credit, you are not going to get a loan. Period.

The only thing your friend *might* qualify for if he has a job is a payday loan. And those are a huge spiral downward anyways!

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does anyone have any resorces on low or bad credit home loans?

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Question by …: does anyone have any resorces on low or bad credit home loans?
I am trying to find a home loan but i dont have good credit my score is pretty low and i dont have much of a down payment does anyone know of any place i could look to mabey get a home loan in florida? I am new to the whole process and dont know what to look for a lot of places say bad credit is ok but you have to have at least a 600 credit score?? I dont know where to look anymore.

Thanks for the help.

Best answer:

Answer by steve g
You may qualify for an FHA loan. The down payment is low and the credit scores aren’t as important.

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Is there a type of debt consolidation for payday loans?

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Question by zozosammy: Is there a type of debt consolidation for payday loans?
I’ve met with a lawyer to start to file for bankruptcy. The two main components of my debt are a car repo, which for some reason I still owe around $ 6000, and some payday loans, which I owe around $ 3000. I’m trying to find a way around bankruptcy, if any, does anyone have any ideas?

Best answer:

Answer by oilman11977
Bankruptcy should always be a last resort. Have you tried to make payment arrangements with the creditors. (payments you intend to keep) They will usually be anxious to receive monthly payments, because if you go bankrupt they may get nothing.

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Q&A: Use student loans or obtain home equity line?

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Question by Kristy: Use student loans or obtain home equity line?
My employer pays for my tuition, but I am still eligible to take out student loans. I am debating if I should continue to use student loan money to “fix-up” my house, or just take out a home equity line. I know if I take out a loans, and if I stay in school I can keep the loans deferred and just pay when I can, but a home equity loan would require immediate payments. Also, if I hit a rough patch I can request a forbearance request. Any thoughts??

Best answer:

Answer by v b
So, you are going to lie on your loan applications that you need the money for tuition when you aren’t actually paying tuition.

Since your employer will only reimburse you if you pass the courses, this may actually be allowed. However, if you do get reimbursed, you can’t deduct any interest on your taxes and you would be a fool to not pay off the loan immediately.

Stick to the home equity line of credit or no loans at all.

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Bad Credit Consolidation Loans: How Debt Consolidation Works

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People today are always doing what they can in order to pay off their debt and get back on their feet. However, this is known to take years at a time and will leave people with very little money to live with. Those who currently need help right now should think about applying for bad credit consolidation loans right now.
Finance:Debt-Consolidation Articles from EzineArticles.com

Q&A: Refinancing vs Home equity Loans once you take the house of the market?

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Question by Kelly: Refinancing vs Home equity Loans once you take the house of the market?
Taking the house off the market we are not eligible to refinance because of the rules by the government How can we do a home equity loan and where can I find the current fixed rates? Thank you

Best answer:

Answer by sbinlb
Just because your house was for sale and now it’s not, has no impact on whether you can refinance or not.
You have to have 80% equity to be eligible for a home equity loan.

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SBA to allow 504 loans to be refinanced

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SBA to allow 504 loans to be refinanced
NORTH BAY – For the first time, the U.S. Small Business Administration is allowing for the temporary extension of the 504 loan program to allow refinancing of existing commercial real estate debt.
Read more on North Bay Business Journal

Mortgage Applications Increase
RISMEDIA, February 24, 2011—Mortgage applications increased 13.2% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 18, 2011. The Market Composite Index, a measure of mortgage loan application…
Read more on RISMedia Real Estate News

Is there a consolidation loan to pay off payday loans?

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Question by ctbizness: Is there a consolidation loan to pay off payday loans?
I made a huge mistake in using payday loans to help pay bills during a rough time. Now I can’t get from under them and it’s hard to pay on my regular bills. My credit is 495 therefore it has been hard to get a loan.
Is there help for me? Once i can get these loans paid I can make the monthly pay’ts.

Best answer:

Answer by raringvt
Yuck…payday loans stink. There’s a reason they’re popping up all over in lower income areas—they’re very profitable.

I’m sure there are loans that you could use to consolidate. I would try to get a 0% APR credit card, but you’ll have trouble with your marginal credit score–just like with any other loan.

You should consider selling assets–car, junk on ebay, etc to pay this thing off ASAP.

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Payday loans buy borrower further money troubles

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Payday loans buy borrower further money troubles
Q. I have gotten myself into a bad debt situation. To relieve some of my debt stress, I have become wrapped up in several payday loans. These loans have just made things way worse. I am overdrawn at my bank and I don’t know what to do. I have not been able to get a debt consolidation loan because my credit is so bad.
Read more on Detroit News

Greatbatch, Inc. Reports 2010 Fourth Quarter and Full Year Results
CLARENCE, N.Y.–(BUSINESS WIRE)–Greatbatch, Inc. (NYSE: GB), today announced results for its fourth quarter and full year ended December 31, 2010: Sales of $ 133.1 million for the quarter increased 6% over the prior year period including 29% Vascular Access and 22% Orthopaedic revenue growth. Full year sales of $ 533.4 million increased 2% as diversified revenue growth offset a slow-down in the …
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Ukraine – Macroeconomic situation – January 2011
USUBC NOTE : The “Ukraine – Macroeconomic Situation – January 2011″ analytical report prepared by the SigmaBleyzer Emerging Markets Private Equity Investment Management Group and The Bleyzer Foundation (TBF), Kyiv, Ukraine, members of the U.S.-Ukraine Business Council (USUBC), http://www.USUBC.org , is found below.
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Q&A: How can a find a loan, not payday loans with umm fair credit with a co-signer?

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Question by emile4802: How can a find a loan, not payday loans with umm fair credit with a co-signer?
I have been searching for a loan. Either they want you to pay a fee to find a loan which I think is a scam. Then there are payday loans which I an up to my chitty chin chin in. I just want a smal loan to consolidate my bills right now. I have a co-signer. my credit is ok, not great but ok

Best answer:

Answer by neodracolith
Sometimes you can get a personal loan from your bank.

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