Credit Line Personal Revolving

I have been looking for a personal line of credit or a loan that doesn't require principal + interest repayments. I am looking to repay the full amount in 6 months or 1 year's time. I have been having trouble with obtaining loans as I seem to have wrecked my credit score by "shopping" for the right rate; however I clear my credit card bill monthly and have never taken out a loan before. Does anyone have such an unsecured revolving line of credit to recommend? Though expensive but I might have to resort to putting it on my credit card...

Apply for a line of credit from your bank.

Good Luck!

2007-06-12 16:20:20 by helloimuseless

A revolving line of credit is money from a credit card, loan or second mortgage that is available for use to the borrower. Avoid using credit ...

How come I can get a Personal Line of Credit for $25000 at 17%, but I can only get a $10000 Personal Loan?

I know that personal line of credit is revolving and personal loan is an installement.

I am looking at consolidating debt, so is a personal line of credit pretty much the same thing, just pay it off and close it off?

A personal line of credit OPERATES like a credit card. You draw against the account as needed an do not have a fixed monthly payment. Depending on your current balance, there is a MINIMUM payment and the interest rate is usually variable.

A personal loan operates like a car loan, you receive a fixed amount at one time and make fixed monthly payments over a fixed term.

17% is a LOUSY rate for either.

2008-04-06 16:44:00 by andromeda032

I have bad credit, around a score of 500. My boyfriend has excellent credit, owns his own home, his own car, was approved for a line of credit of 25000 on his own...etc. Together we make about $100k a year. We recently applied for a joint line of credit (revolving personal loan) where I was listed as the primary applicant and he was listed as the cosigner. We were denied without them even checking his credit because they said that I have unpaid collection items on my credit report. (These are from 7 years ago and are about to fall off of my credit report). The lady then told us that we would be denied on any application that I was on because of the unpaid chargeoffs. Someone from the same bank that we spoke to last week said that the way we could get approved is if we put my boyfriend on as the primary and put me on as the cosigner. Anyone have experience with that? I thought a cosigner was supposed to help someone with negative credit get approved?

Your boyfriend needs to be the primary borrower with you as the co-signer.

If you apply this way, you will most likely be approved but at a higher rate due to your bad credit.

I get people approved using this method every week.

2007-04-30 14:05:50 by avengous

I just sold my house an I am taking the proceeds to payoff 8 credit cards, a couple of store cards, a line of credit and a personal loan. It will literally clear about 12 revolving debts to a $0 balance. How fast will my credit score raise? Right now it is a 645....any chance of going to 700 soon after?

Depending on how fast the cards and the other debt you have respond to the payment, usually they're slow at reporting these payments to the credit bureau, it may take as little as 2 months to maybe even more. Fixing your credit is nothing you can overnight but paying off what you owe is a great start.

2008-07-25 18:57:51 by Micah

into my personal checking account. After "Pay to the order of" on access check, do I put the bank's name or cash or what???

You can either make it out to "cash", or you can put your name on it.

Don't put the bank's name. That's how you deposit money into their account instead of yours.

2008-02-01 06:33:02 by twigs886