Does anyone know of a bank that will loan me $2500 with a 9 year old bankruptcy and credit score of 600? My husband past away about 2 1/2 years ago and I've been working real hard to rebuild my credit. A couple of expensive car repairs have set me back. Help.
2006-09-20 17:02:40 · 6 answers · asked by DRD 1 in Business & Finance ➔ Personal Finance
Bankruptcy should be off of your credit history after 7 years. Talk to a credit relief non-profit company and see if you can clear that up.
Wells-Fargo may lend you the dollars, but it may be high interest.
My other suggestion is talk to your church, the United Way, or Catholic Charities to see if you can find some assistance perhaps to help you in other areas - what I mean is, if you had a little relief from paying say your utility bill, you could pay your car repair. The Red Cross does help in this area as well.
Good luck.
2006-09-20 17:12:01 · answer #1 · answered by D 4 · 0⤊ 0⤋
You can find the best solution for you at: FINANCE-SOLUTION.US
RE Loan with 9 year old bankruptcy and credit score of 600?
Does anyone know of a bank that will loan me $2500 with a 9 year old bankruptcy and credit score of 600? My husband past away about 2 1/2 years ago and I've been working real hard to rebuild my credit. A couple of expensive car repairs have set me back. Help.
2014-10-02 14:15:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can probably be able to obtain a loan if you have some kind of collateral. For example, if you own a some property, have equity in your home or if you own your car outright you can use the value of any of these to guarantee your loan. Your bankruptcy is pretty old so I don't think it will affect you as much as your credit score will.
If you use your real estate or your home's equity to guarantee your loan, you should speak with a mortgage lender. I recommend First Horizon is a great source since they can work special financing through secondary lenders. Most mortgage lenders are willing to work with you with a credit score of 580 or above.
If you use your car's value (you must own the car outright), you can try Wells Fargo. They have a special financing department as well. A lot of banks have this option so try your personal banker first.
Since your score is a low you will most likely be required to put something down for collateral and you should prepare yourself for a higher interest rate. My advice is to make sure that your loan does not have a prepayment penalty and try to pay it off early to avoid having to pay the huge interest. Good luck!
2006-09-21 00:22:13 · answer #3 · answered by happibun8 2 · 0⤊ 0⤋
You can get loans but you will be paying a higher interest rate. You might want to look at getting a credit card. Most lenders have special programs for people who have lesser than average credit! Good luck
2006-09-21 00:11:23 · answer #4 · answered by jamie s 3 · 0⤊ 0⤋
Nope not a one your score has to be higher I'm told.Good Luck
2006-09-21 00:05:12 · answer #5 · answered by sugarbdp1 6 · 0⤊ 0⤋
none?
2006-09-21 00:05:27 · answer #6 · answered by Tha A-Train 2 · 0⤊ 0⤋