 Hi im 25 with defaults and bad credit history and looking for an immediate loan of $2000. can anyone help me? |
| it needs to be fast approved and fast. im really desperate and need to find ways of getting this money by the end of the ... |
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 Refusal to pay stuent loan: what the worst? |
| So from all the research, the only thing that can be done is wage garnishment, and if you don't have a job, what the big deal? I own no house,land or property, I do not work, I recieve no gov... |
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 I have paid dept of in full? |
| does any one know if you pay a dept completely of if experia can clear ... |
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| 23.99 APR for a credit card |
| I'm just starting to get a credit card so I don't know much and want to start out little. It is a 200 dollar limit with 23.99 APR. So if I spend 50 dollars, how much more are they going to ... |
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 How do you correct bad credit? |
| My boyfriend has horrible credit with a lot of past things he needs to pay off. Is there a type of credit counsler, or financial advisor that can help him get started? We want to start looking for ... |
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 I am considering bankrupcy....? |
| has anyone ever done this, I want to hear from people who have done this with an attorney and what the outcome was. I have $35,000 in credit debt and I can not work out payment agreements and I can ... |
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| The person is not paying me the money on time. I have to pay it so that it does not affect my credit. Both of us names are on the purchase papers.... |
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 Do you have to be 18 to acquire a credit card? |
Additional Details
this is argument between me and a co-... |
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 Can a cell phone plan build your credit? |
I recently got a 2 year contract in my name. I don't have any credit (I just turned 18 a few months ago) but they ran a credit check and I was somehow approved for a contract with T-Mobile.... |
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| I currently have a debit card and find it very convenient while making transactions at merchant dealers and online. But, most of my friends have a credit card and tell me to take one. I always think ... |
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 Do personal loans ruin your credit? |
| Can taking out a large personal loan of between 5-8000 dollars have any effect on your credit score?... |
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 Has anyone heard of or dealt with Eric Smith (eric_loan)001@yahoo.com? |
| I am thinking about applying for a loan from Eric Smith. He is asking for a non-collateral deposit of 2.1% of the principal loan amount and states that this is legal as stated in the Amended C... |
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 How do I protect my unborn child's credit from his irresponsible dad and grandad who have the same full name? |
| My husband John Smith II had his credit ruined by his father John Smith I. I am pregnant with a boy now and want to name him John Smith III but don't want the same thing to happen to my child. ... |
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Twinki | Bad credit, no down payment, great income- how do I get into my first home? |
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stiletto
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First, you must find out what your credit reporting and credit scores is like...correct any negative or incorrect items on your reporting from the three major credit bureaus.
Second, pay down your high credit account and pay all your bills on time (on time is one week before the due date).
Third, save money by putting it into a high interest bearing account (Money Market, you can buy this with your bank). This is great for emergency or you can use it as a down payment on the house. If you're, a first time home buyer you will need to save 20% of the home value.
Once your credit is taken care of, you should be able to get a home loan...look for a fixed interest rate only and stay away from variable and interest payment only loan. |
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Barbara
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You are headed in the right direction. Bad credit? You will pay through the nose with high interest rates. You must be on the job at least 6 months to a year ( or 2 years if you're self-employed) and currently cleaning up your bad credit.
Save money for a down payment, there aren't loans out there for "poor credit-no money down"...anywhere.
Stay away from online and tv ads for mortgages companies. Check around locally where you live.
Get into it, pay your "dues", straighten out that credit, then refinance that house in a couple of years to reduce the interest rate.
Home ownership is awesome!
Good Luck and Happy Holidays! |
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hirebookkeeper
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Save some of the great income for a down payment. |
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thedukeofellington
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How soon do you want to get into that home? If you can wait a few months, you would do much better to try and clean up your credit first. If you do get a loan right now it's going to cost you (over the life of the loan) thousands, or more likely tens of thousands of dollars more in high interest, because of your bad credit. But if your willing to spend awhile (up to about a year, maybe less) cleaning up your credit, you should have no trouble getting a mortgage loan at a very favorable interest rate. |
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the dream
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It depends on how you define bad credit. If your score is 580, you likely are eligible for 100% financing. Email me for more info. |
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george b
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you need to go to the lenders who grant loans in these situations
http://www.wesayes.com |
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loanman46
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There are multiple programs available that provide 100% financing as long as your income can support it.
Here is some additional info. Hope this helps. |
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mldjay
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Do what hirebookkeeper & Barbara say-- save for the down payment.
You don't want to do a zero down loan and then move in 5 years and have not equity. I also suggest, do a 15 year fixed-rate loan, build equity faster and it will only a little bit more than a 30-year fixed. Check out this site: http://ray.met.fsu.edu/~bret/amortize.html It is an amortization calculator, you can see the difference between a 30 year & 15 year payment.
I also suggest only purchasing a home that is only 20-25% of your GROSS pay. You will get approved for A LOT more but you don't want to be house poor.
I would check with a local credit union for a home loan.
Also www.daveramsey.com gives some great advice & forms for budgeting and personal finance
UPDATE: You can also ask to have a "manual underwritting" mortgage |
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Kevin K
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With a 580 credit score you can get 100% financing, so everyone is within range of getting a home. If your score is low, you can usually raise it to 580 with just paying your bills on time for a few months to a year. Save some money to put down and in a years time go for it. It's well worth the sacrifice. |
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Dallas W
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get the seller to do a land contract. |
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Tim B
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Build home yourself with great income.
Have major equity in home when finished. [no or low labor costs]
Known in the trade as sweat equity. |
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