Posts Tagged ‘loans for bad credit’

Car Loans and Bad Credit – Three Pointers for Getting Approved

If it seems that getting a car loan is out of your reach because you have a bad credit history, here are three pointers to keep in mind as you begin your search for an auto loan. Because, you can get that loan. One – Know your credit score and use it to your advantage. Two – Search for a lender who specializes in bad credit car loans. Three – Do not let lenders foist lousy interest rates on you just because they feel they can, due to your poor credit report. Be confident.

Your Credit Score

Of course, your credit score will directly affect getting a car loan. That does not mean that getting one is that difficult. You need to know what your credit score is by getting it from any of the three credit reporting agencies. You can find them online and the cost for the reports is minimal. (In your browser punch in TransUnion, Experian, or Equifax.) You need this so you will know exactly where you stand when you approach a lender. Maybe your credit is not so bad, maybe it is awful. At least you will know so no one can delude you to your disadvantage. Read more…

Get Study Money With A Private Student Loan

What does private mean when you are considering a loan to help finance your education. Perhaps it will be easier at the onset to explain some facts about what private student loans are not. These sort of loans will not be offered from the student finance office at the university or college you plan to attend. They may offer some information regarding private student loans, but they have no influence on granting or denying these loans.

Federal or state governments have nothing to do with these loans except to monitor their legality as with any other sort of financial loan activity. Beyond that, they do not sponsor or determine eligibility. A private student loan is contracted through a private lending institution, such as a bank or a credit union. Terms and conditions are determined privately. The student, perhaps the parents, and the lending institution are the only entities involved. Read more…