would like to get a loan out to consolidate my bills and i have bad credit. what places would u recommend and why? thanks.
2006-08-21 10:59:09 · 2 answers · asked by Pisces chik 3 in Business & Finance ➔ Personal Finance
I like my bank, but my gf likes to deal with credit unions. The rates are usually better and you get more personal service, the only problem I see is resources such as locations to make deposit and ATM locations. You would surprised as to how far out of the way these lending institutions go to get your business. Bad credit or no credit, you will find someone that will help you, but the rates aren't going to be a good as A+rating credit.
It can be a tough road back, but eventually you'll get all the offers you need. Make it a point to stop at a few banks at lunch this week and see what happens.
2006-08-21 12:52:06 · answer #1 · answered by searing 3 · 0⤊ 0⤋
Banks as they have the best interest rates but if your credit score is below 700 they probably will not even take an application so then you will have to go to secondary lenders like finance companies and credit unions where you will pay alot more but when you have screwed up credit you will get punished for it by paying higher interest rates, insurance rates, utility and rent deposits, and insurance . Last of course is predatory lenders who really whack you .
2006-08-21 11:45:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋