Does anyone know a financial instituion that gives loans to people with 550 credit score to pay off the credit

Question

I'm trying to rebuild my credit. I just purchased another vehicle so that's a start I only need about $8000.00.

Answer 1

No one will lend on a 550 that I know of, and I've been in lending for years.

Sorry. You may want to consider bankruptcy. It might not be pleasant to hear, but with this score you likely have debt that will take longer to repay than having the opportunity to start over by Chapter 7.

Answer 2

definite, it is going to. Tip for paying off your different playing cards: Use the value volume you have been sending on your student loan lender and start up sending that on your card with the $800 stability as nicely to the accepted value you have been sending them. as quickly as that's paid off, deliver that blended volume to the $3 hundred card. because of the fact you have been sending that quantity all alongside, you will be out of debt one hundred% previously the top of the 12 months.

Answer 3

If you bring your score up to 600 you might try a sub-prime lender like Citifinancial, they are usually lenient when loaning money.

Answer 4

You can't get out of debt by borrowing money.

Cut all of your expenses-- eliminate/lower car payments (cough), cell phone, cable, internet, etc. Get a roommate. Get a part-time night/weekend job. Seriously, it's the only sure-fire way to get out of debt.

Answer 5

Try the same finance company you got the car through.

Answer 6

What stinks is that when people like YOU don't pay their bills people like MOST OF THE REST OF US who do have to pay more because lendors/landlords/hospitals have to charge more to make up for what they loose on deadbeats!

Answer 7

Dear friend i hope this website will clear all your doubts regarding the loan

http://www.nutch4.com/onlineloans.html

Answer 8

I'd try a credit union.