Sunday, November 21, 2010

How do i get a loan with bad credit?

we paid off most of my husbands collection accounts and want to buy a house and we need to build our credit fast. we bought a car last year and did an in house finance and they dont report it on our credit. which we have been on time every month. how can we build our credit fast? and how do we get a loan with low credit scores?How do i get a loan with bad credit?
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Good Luck...How do i get a loan with bad credit?
You cannot build credit fast. The only direction in which credit can go fast is down. The only way in which to build credit is to try to build it slowly, without trying to build it fast.



You do not get a loan with low credit scores. If you have low credit scores, then you do not get a loan until you have built your credit slowly.



Applying for a loan while you still have bad credit will make your credit worse.



Trying to build it fast will not help, and might make it worse. The only way to build it is to try to build it slowly.
Pay your car monthly repayment in time. If your incomes meets the banks mortgage requirements you can.
credit-report-free.totalh.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
Most lenders would willingly give a loan to someone with bad credit who has a job or collateral because

they can charge you a much higher interest rate than someone with good credit and if you did default then they could

take any collateral you pledged.



for loan quotes

https://www.loansandinsurances.com/
credit-report-free.totalh.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
To build your credit make sure you make all payments on time for your accounts that report to the credit agencies. Try to get your debt ratio down. If you do not have anything being reported to the agencies open a credit card with a low limit then buy only gas with it then pay it in full every month (this helped me). Try FHA loans more than likely you will have someone that will give you a loan if your credit score is over 600. Good luck %26amp; happy house hunting.

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