August 29th, 2009
raju79
ma01 asked:
I need to take oout £30k for debt consolidation. Is a secured loan (i can’t get an unsecured loan) over 5 years or remortgage. I suppose if i remortgage it will be over 20 years? Any advice?
Posted in Personal Finance
Tags: Consolidation Loan, Debt Consolidation, Secured Loan
August 29th, 2009
raju79
E A asked:
I am need to get a private loan of 7,000 to pay for housing and school and I get regected all the time. So you know where theres a bad credit student loan or a grant or 2 i can obtain?
Posted in Financial Aid
Tags: Bad Credit Student Loan, Bankruptcy, Loan With Bad Credit
August 29th, 2009
raju79
ali asked:
I helped an ex get a motorcycle and now need him to repay me. He needs to take out a loan and repay me or buy the bike from me. His credit is horrible but there has to be places that will still give you a loan. Please help me with advice!
Posted in Credit
Tags: Loan Companies, Motorcycle
August 28th, 2009
raju79
StillCurious asked:
I heard that comparing auto loans before shopping for a car is a prudent thing to do. But I’ve also heard that every time you apply for a loan your credit rating is negatively affected. What’s the truth?
Posted in Credit
Tags: Auto Loan, Credit Rating, Truth
August 27th, 2009
raju79
jiggywalker2008 asked:
If you wanted to build your own house, would you apply for a construction loan? What are the terms of a construction loan? How hard is it to get one?
Posted in Renting & Real Estate
Tags: Building A New Home, Construction Loan
August 27th, 2009
raju79
Shauntae asked:
The loan will be in the thousands. And if so what is the best business to apply for the loan with?
Posted in Personal Finance
August 27th, 2009
raju79
JH asked:
There is Experian, Equifax and Transunion I have different scores for each, but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they look at the highest, lowest or average?
Posted in Credit
Tags: Credit Bureau, Credit Score, Fha Loan
August 27th, 2009
raju79
John W asked:
How and where can I get a small loan with extremely bad credit?
I need to pay off $15,000 of delinquent bills. But my credit rating is probably less than 500. I don’t know for sure, but it is not good.
I need a small loan to pay off my bills. I just want them all consolidated.
The VA will not give me a loan, all they can do is co-sign a HOME LOAN, not a small loan for little things.
What can I do now?
Posted in Personal Finance
Tags: Bad Credit, Delinquent Bills, Home Loan
August 27th, 2009
raju79
John S asked: I don’t know my credit score, but I can give you some details. I have been working out of college for 7 months. I make $32000 a year. I have been paying rent and utilities for 27 straight months without any late payments. I also have student loans, of which I pay $55/month and my parents pay the remaining $120/month. I have one credit card with a $1000 limit and never missed a payment and owe $0. The only other thing I pay for (other than usual groceries, etc) is car insurance.
What are my chances of getting a $12-13k loan for a car? If it helps, I will be putting $5k down on it. I may also chose to go private sale for the car, but will still need the $12-13k loan and pay the difference in cash.
ALSO, important…I won’t have a cosigner. I don’t have anyone who can cosign for me.
Thanks everyone for the initial responses. I have already resorted to the fact that my interest rate is going to be a little high. If I could get a rate around 10-12% then I should be good with the monthly payment. I calculated using 10% and was under my threshold payment-wise. I figure if I put 30% down on the cost of the car (minus taxes, title) then I shouldn’t be upside-down on the loan.
Posted in Buying & Selling
Tags: Credit Score, Sale Car, Student Loans
