In order to obtain a bad credit loan a person has to have a credit score is 620 anything below that would be considered high risk.
It is the most difficult to get a loan modification with bad credit. Though not impossible, since many lending groups would rather loan to someone with bad credit because the interest that person will have to pay the loan company is going to be very high. Asking for a loan modification in the first place is a sign to creditors that they have bad credit and are trying to fix it.
A person with bad credit could get a business loan at various banks and companies. Some of the companies that offer a business loan for people with bad credit are Venture Capital, Prosper and Lending Club.
It is very difficult to get an unsecured loan with bad credit. This is because of the nature of the loan. When a person gets an unsecured loan, it means there is no collateral to back the loan up with.
There are many types of institutions that are focused on helping people fix their credit so that they can get a mortgage loan. A person with bad credit should wait several months to a year so that they can increase their credit score and then apply.
Yes, you can get Bad Credit Loan.
The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.
No, most banks will not give a person a school loan if they have bad credit. The person may qualify for other programs if turned down.
Yes, you can get Bad Credit Loan.
Yes, you can get Bad Credit Loan.
geeze don't be stupid
Having a bad credit loan negatively affects a person in many ways. Having bad credit enables a person from being able to obtain other loans including those having to do with home financing, vehicle financing, etc.