Help! I need loan advice!?
So I just finished college and my credit is average. Its been pulled a few of times over the last couple of months as I've been applying for a small loan ($3000) to help build credit. I applied online at US Bank and was denied so I called in to apply with a representative who told me I would qualify no problem. I didn't. I'm not sure where to go to get a loan. Any ideas?
Additional Details
1 hour ago
I have student loans that I'll start paying in a couple of months. I bank at US Bank so I thought that would be the most convenient route to get a loan. The loan is for a motorcycle. I can't afford to finance a car because of insurance rates, but motorcycle rates are much lower. I currently have 2 credit cards and 1 secured credit card. All of these have $0 balance
2006-08-15 09:53:11 · 3 answers · asked by MDHanner 1 in Business & Finance ➔ Credit
The first thing I would do is to get your credit report. The US gov't passed a law more than a year ago allowing you to get it free once per year from each of the three agencies. That means you can get it free three times a year. Go to http://www.annualcreditreport.com/ authorized by the Fair and Accurate Credit Transactions Act (FACT Act).
Next, study it. You will see which entries are lowering your score. Too many inquiries from your credit applications will also lower your score.
In the meantime, you need some wheels. I did a little surfing on the Web for you, and did find a site that rates lenders for peeps like yourself that are being denied. Check it out at http://lendersrated.com/index.htm#car
Hope this helps you.
Leafgreen
2006-08-15 10:35:32 · answer #1 · answered by PaymentKey.com 3 · 1⤊ 0⤋
Try www.blankcheck.com. I used them 4 years ago to get a loan for a car and got reasonable interest and payments. If not open an account at a credit union and try for a loan there as CU's are easier to get loans through and lower rates.
2006-08-19 02:21:48 · answer #2 · answered by rainysnana 4 · 0⤊ 0⤋
1st US bank is one of the most difficult places to get a loan so screw US bank it is founded on the upper class. Try Wells Fargo Financial... not the banks but the actually store. I am a assistant branch manager email me at sarahmn2006@yahoo.com. if you have any further ???
good luck!
2006-08-15 10:15:05 · answer #3 · answered by sarah a 2 · 0⤊ 0⤋
you can get a motorcycle loan at the website below with less than perfect credit
http://www.fast-auto-loan.net
2006-08-15 10:48:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋