Bad Credit Loan On Line

why when applying for a loan on-line (bad credit) do they ask you for all your banking info and ss#?

Most online bad credit sites are scams. You'd be better off staying local to you. NEVER pay a fee to get a loan.

A couple of hints:
1) use of yahoo,gmail, etc.
2) poor English

2008-08-31 12:21:42 by winglover25

How to get a bad credit auto loan in the USA and Canada. Car loans for bad credit from Auto Credit Express

What is a good business I can join and make good money online or else where I from NY new york like typing data surveys or more with help instructions and a phone numbers and also provide me with a coach that will help me make money. I burrowing a line of credit to make money online.

They are all scams, I suggest you to better stay away from this BS.

2009-05-10 16:19:06 by keld2682

my credit score is very low but i own a $75,000 house with no mortgage. i am looking for some kind of loan so i can do major repairs on my house but i keep getting turned down due to my credit. i have been at my job for almost ten years and make around $300.00 a week.

Wow, with a house that is cash you really should not have that much trouble. Amazing how banks are changing so rapidly.

Keep trying, but maybe ask banks for a 5 year mortgage for the amount you need. They don't advertise this, but banks DO offer short term mortgages, with fixed rates no games.

If you have time go to annualcreditreport.com
and fix anything that is incorrect or outdated if you haven't already done so. Things become outdated after 7 to 8 years.
Also get one credit card, and pay it in full each and ever month for top notch credit. Carrying a balance reduces credit.

Keep trying, there is no reason you should be getting turned down if your house has no mortgage. If you are asking for 20% value they should be throwing it at you.
Try a credit union.
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2008-11-13 16:45:40 by jmpoct03

i want to get 15000 to payoff some credit cards because the minimum payments is killing me and the debt is not coming down. does anyone know where i can get instant approval for this kind of loan or line? i need it for bad credit because my DTI is kind of high right now.

Short answer... can't be done.

Long, but correct answer... Start a business (Inc or LLC), set-up a business banking account, and apply for credit under the business name.

You will need help with this, and it does take a little bit of time. Do an Internet search for companies that can help with this.

Good luck!

2008-03-04 11:00:06 by derekbgriffith

I'm in the process of buying a forclosure for aprox 1/3 of the tax value.
It is a cash only deal, the bank will not accecpt an offer based on a loan. The bad part is it will take almost all my money to buy it. And I have to build a garage for my work.
I want to take a loan out on the house, but I'm scared I won't be able to.
The house is a two story home built in 88, the tax value is $117000
I need to borrow $30,000 to build my garage. I need to keep the payments low, so I want a 15 yr loan.
I'm not married yet, but could be if it will help the loan.
My credit is bad , my future wife has poor to fair credit.
I have put in for a loan for me and for me and my future wife as unmarried, on lending tree. With no luck at all! Does this mean we will not be able to get a loan?
It seems to me that any bank would love this offer, $30,000 on a home with $117k.
What would be the best way for me to get a loan, I have to get a loan or I can not buy the house. I have to have a large garage or I don't make any money. Thanks
Ok my bad , I thought they would rather go off tax value since it is the lowest. I had it app last week for $134,000

You would need to contact a mortgage broker/banker that do hard money loans.

These hard money loans will allow you to borrow up to 50%-60% of the After Value Repairs ARV) of the property. So based on the appraised value you have you would be eligible for approximately $67,000.

If you only need $30,000 then you are within the limits of what you can borrower.

These type lenders will give you a loan amortized for 30 years but the loan would be due in 5 years, some will make the loan due in 10 years, but this is rare. Your monthly payments would be as if you had a 30 year mortgage loan.

Now by the name of the lender you should know that you are not gonna get the very best rates in the world, but you would accomplish what you want to do and that is build your garage and make other repairs that you think are needed.

These lenders look more at the project (Property) as oppose to the borrower and his credit scores and other things that a conventional lender would look at to include most government underwritten mortgages

In most instances your interest rate on loans are tax deductible on your federal income tax.

For tax and legal matters you should always consult your tax consultant and attorney.

After the five years and your monthly mortgage payments made on time you would be able to refinance your home at the appraised value at that time and you would have your garage built and other repairs done if necessary.

I hope this has been of some use to you, good luck.

"FIGHT ON"

2009-06-02 23:04:08 by mr Smith