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Deb · Posted: Fri Feb 17, 2006 5:08 pm Subject: Legitimate Loan

Hi everyone. I was just wondering if anyone knows where I could probably get approved for a loan. My credit score is 621 and I need about 4,000. Thanks

Posted: Fri Feb 17, 2006 5:18 pm Subject:

Hi Deb

Do you mind telling the purpose of taking a loan? In case, if you want to use it for paying your debts, this won't be a good move from your side. As you might know, credit companies offer loans based on your credit scores. Besides, they check your credit file for seeing how regular you have been regular with your payments. After doing a very thorough research, the interest charges are fixed on the loan amount.

Besides, some collateral is also needed to be pledged against this loan. If you fail to make the payment, you might come at the risk of losing your property. After taking the loan, the amount you will pay as interest gets doubled i.e..interests on past debts accounts and the interests on the new loan taken

You can consider a consolidation program for paying off your past debts. In this program, you don't need to take a loan. You also don't need to keep anything as security. All your payments will be combined to one payment and your creditors will be paid through easy monthly installments.

There are other benefits like reduction in the total amount, interest rates slash down and financial charges wiped off etc..

If you want to discuss more on this program, I will be willing to explain you further.

Guest · Posted: Fri Feb 17, 2006 7:07 pm Subject:

no, it's not to pay off debts. It is for an unexpected debt. I need to know where I can go based on my credit score.

Posted: Sat Feb 18, 2006 2:50 pm Subject:

In every area, there are some financial institutions that can offer you loans based on your credit scores. You can visit your local bank also and make a proposal. Research the company in the BBB and the local AG's office and check if there are any consumer complaints against them.

Posted: Tue May 02, 2006 10:39 pm Subject: loans

Has anyone heard of the loans offered at most banks that allow you to get a "loan" and make payments directly to the bank but it's really designed to better one's credit score?

Posted: Wed May 03, 2006 2:37 pm Subject:

Hi dortchlord1

I am not sure if you are referring to secured cards. In this, the banks offer some loan amount and you deposit some money into your account. In most cases, the company takes out money directly from the account.

If you are interested in this kind of offer, you can request information from your bank. They will broadly explain the process to you.

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