94lt105

iTrader: (1)

I am in Owatonna,MN, I was wondering if anyone knows of a bank that helps people with low credit scores? Im tryin to get $4000 so i can buy my friends 95 Formy. If anyone knows of anything please let me know.. Thanx in advance. Peace


Vince

big_c

Try American General or a local credit union. Try the credit union first.

ProjectCamaro

iTrader: (26)

Are you trying to get an unsecured loan, i.e personal loan? I use to be a loan officer and I can tell you those are by far the hardest to get since the bank has to trust you'll pay them back since there is not collaterial being put up.

On a side note the more times you apply for credit the more your credit score will drop. So it will hurt you to just apply for loans from everyone until you get approved. Personally that's why I either pay cash or get a loan from a place from eloan.com or such instead of getting the loan at the dealership. They just shoot your application to anyone and everyone to get you the lowest rate.

94lt105

iTrader: (1)

Thanx guys...I appreciate it alot.

Vince

Rowdy94

iTrader: (13)

Anytime you are seen applying for numerous loans of the same type and at the same time, the applications are lumped together and act as 1 inquiry. Shopping around, and applying at numerous places should not hurt your credit score anymore than just applying for one loan.

94lt105

iTrader: (1)

Thanx for the help everyone. I greatly appreciate it. Hopefully everything works out and I can get this car really soon.

Vince

birdmaro

iTrader: (45)

are you a student? try going through salliemae either way. they are very good about bad credit/no credit.

89 formula350

iTrader: (8)

salliemae ha ha hate them soooooo much . good thing they are paid off.

but they still bug me about how much of a loan I can get through them... never again bunch of scum bags.

ProjectCamaro

iTrader: (26)

I think you need to recheck your sources. I was a lender for a good while and I can tell you that's not the case at all. I have seen tons of credit reports that have five different pulls on the same day much less anykind of real time between them. Each and every pull counts against you, period.

JUICED96Z

iTrader: (2)

I consolidated threw Nelnet. Saving a TON of money.... droped my intrest like 4% and droped my monthly payment. Sallimae was one of the people I had a laon threw.

I was writing like 8-10 different student loans checks out every month (been to different schools) Thats alone sucked!

I would also get as much as you can for a down payment, thats helps.

ALLWAYS try and pay cash.

cassfrc

cash advance on a credit .. J/j the interest rate would be huge. Save up cash for it, if you cant do that you cant afford it.

abranti2

Mortgage & Auto industry has special rules for inquiries: all applications for credit resulting in pulled credit reports within a 14 day period of time will only count as one inquiry & will be suppressed from affecting credit scores for 30 days. So if you plan to go shopping for a mortgage or a car, do your research first picking what companies you want to apply with and do this all within a 2 week period of time so that the scores are not affected too much.

...that's right off Fair Isaac's website.

BOONE

iTrader: (4)

This is exactly true from 30 years of loans rowdy is full of ****. Sorry to slam you but you are full of **** dude.

94lt105

iTrader: (1)

Thanx for everyone's help, I took care of all the stuff that could be hurting my credit score so im gonna wait till the middle of next month and see if i can get a loan then. If i do get approved I will have it paid off in like 2 months anyways i just want the money now so I can get the car, The only reason i want the loan is to help my credit more otherwise i would just pay cash in October for the car. But anyways thanx for all the advice/criticism everyone it has all been very much appreciated.

Vince