|
|
|
A Guide to Direct Homeowner Loans
Are you considering applying for direct homeowner loans? Perhaps you're simply wanting more information on direct homeowner loans so that you'll be able to make an informed decision? Direct homeowner loans can be very useful for a wide variety of...
A Guide to Personal Loans
Personal loans can be lifesavers, providing you with much-needed financial assistance at the most opportune times. Not everyone really understands personal loans, however, and that can sometimes lead to problems in finding the best deals for...
How Payday Loans Can Help You in an Emergency
Everyone has unexpected bills that can leave us in quite a
financial squeeze. From that new tire you need for your car to
the dentist bill that left your mouth and your wallet in pain,
no one is free from surprise expenses. If you find...
Refinance Home Loan and Refinance Home Loans
Refinance home loan lenders are eager to lend money to any individual regardless of credit as long as the homeowner has a fair amount of equity in the home and the home itself is in a condition that can be resold. Refinance home loans are...
Unsecured business loans: apt genesis of intelligent financial management
A business requires a vision, a leadership and decision making
skills, knowledge, experience, intelligence and lots more. But
more than that you need resources, you need financial back up to
give the business the base it needs. Financial...
|
|
| |
|
|
|
|
|
|
Bad Credit Loans - You Do Have Options
If you are one of the millions of people walking around today
with a bad credit rating, you may well be wondering how you'll
ever be able to get a loan again in the future. Well wonder no
longer. If you need a loan and have bad credit, the following
are some of the alternatives currently available to you:
Bad credit personal loans
Although you may have been told that having bad credit debars
you from applying for a loan, this is in fact a myth. Indeed,
there are a large number of lenders willing to lend money to
those they consider 'credit risks'. The only problem that you'll
have to contend with is the fact that the amount of the loan may
not be as much as you would otherwise have liked it to be and
you may well end up having to pay a higher interest rate - as
you'll be seen as a higher credit risk!
Credit cards
Even though you have bad credit, with the intense competition
there is these days among credit card providers, you should able
to get a bad credit rating credit card. That said, be prepared
for a couple of shocks:
First, you may be asked to apply for a secured credit card. In
short, a secured credit card means you agree to provide the
credit card provider with security over the credit card limit.
Practically, this means you have to give them a cash deposit to
cover any expense you incur. While this is very burdensome on
you, it is also an ideal way to start to rebuild your credit
rating.
Second, even if you are not asked to provide security, the limit
on your credit card is not likely going to be anywhere near what
you were used to in the days before you had a bad credit rating.
In part, the reason for this is to ensure you can make the
minimum repayments.
Third, be expected to pay a higher rate of interest than would
have been the case when you had a mainstream credit card.
Nonetheless, with the lower credit limit, you really should be
looking to repay your bad credit credit card in
full each month.
Pay day loans
When all else fails, you can apply for a pay day loan. In short,
pay day loans are a new concept offered by lenders predominantly
advertising on the internet who agree to provide you with a
short term loan until you receive your next pay check. In order
to be able to apply for a pay day loan, you need to evidence
that you receive a salary and have a current checking account.
You do not need to comply with any credit rating check as a
credit rating check is not undertaken - thus making it an ideal
short-term loan for those who have a bad credit rating. That
said, pay day loans do attract high fees and so they are not
generally considered a wise move in any long term debt
management plans.
Bad credit mortgages
As with all other types of bad credit loans, some lenders are
willing to provide bad credit rating mortgages. However, be
warned that you'll likely need to have some savings as most bad
credit rating mortgage providers expect borrowers to invest up
to 20% of the purchase price of the property themselves, i.e.,
they'll not likely lend you any more than 80% of what they
believe the appraised value of the property is.
Alternatives
Finally, keep in mind that just because you have a bad credit
rating does not necessarily mean the whole world does. So if you
have a relative or friend who has a good credit rating, and they
are willing to lend money to you, this could be a very cost
efficient way for you to borrow money. Nevertheless, generally
borrowing money from family and friends is not overly
recommended as it does put certain strains on relationships if
you fail to repay them, or if you believe that repaying other
debtors before them is more important.
About the author:
Monique Thomas helps you find the resources and information you
need to make an informed decision about your finances. Subcribe
to our announcement list by visiting: http://www.crazydebt.com
|
|
|
|
|
| Cheap Loans | car, personal & secured homeowner loans ... |
| Compare over 400 UK personal (unsecured) and secured homeowner loans, including car loans, to find the cheapest deals... |
| www.moneysupermarket.com |
|
| E-LOAN: Mortgage Refinance, Home Equity, Auto Loans, Savings ... |
| E-LOAN offers home mortgage, refinance, home equity loans, lines of credit, auto and motorcycle loans, savings accounts and CDs with great rates online. |
| www.eloan.com |
|
| Loan Center - Yahoo! Finance - News, Education, Daily Rates and ... |
| Loan Center - The Yahoo! Finance Loan Center provides useful tips, calculators, and rate data to help you choose an auto loan, mortgage, or personal loan ... |
| loans.yahoo.com |
|
| FREE LOANS QUOTE - the customers champion. Finding you the right ... |
| COMPARE! Let us get you a loans quote with minimal fuss. We're the UK specialists. |
| www.moneyweb.co.uk |
|
| Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
| Offers consumer loans for any purpose in the United Kingdom. |
| www.loans.co.uk |
|
| FinAid | Student Loans |
| An education loan is a form of financial aid that must be repaid, with interest. ... The interest rate on the Stafford Loan for new loans first disbursed ... |
| www.finaid.org |
|
| GovLoans.gov - Find the Right Loan for You |
| GovLoans is a partnership of many Federal agencies and organizations with a shared vision - to provide improved, personalized access to government loan ... |
| www.govloans.gov |
|
| Loan - Wikipedia, the free encyclopedia |
| Bank loans and credit are one way to increase the money supply. ... Abuse in the granting of loans is known as predatory lending. ... |
| en.wikipedia.org |
|
| Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
| Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
| www.quickenloans.com |
|
| Mortgage Loans - Compare Mortgage Rates - MSN Money |
| Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. |
| moneycentral.msn.com |
|
| The Student Loans Company Ltd. |
| Provides details of the Student Loans system which is part of the Government's financial support package for students. |
| www.slc.co.uk |
|
| Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan ... |
| Apply online for federal and private student loans, consolidate student loans; financial aid and scholarship information for college, graduate school and ... |
| www.salliemae.com |
|
| Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
| This page provides content and information related to the Loan Guaranty Home Loan Program. |
| www.homeloans.va.gov |
|
| Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
| Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
| www.fool.co.uk |
|
| LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
| Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
| www.lendingtree.com |
|
| Direct Loan Home Page |
| The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
| www.ed.gov |
|
| Personal, home equity loans for union members at Union Plus |
| Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
| www.unionplus.org |
|
| Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
| Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
| my.countrywide.com |
|
| Secured Loans UK - Secured Personal Loans - accepted.co.uk |
| We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
| www.accepted.co.uk |
|
| UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
| The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
| www.ukpersonalloanstore.co.uk |
|
|