Does anyone know where you can actually get a personal loan that helps you rebuild your credit?

Answer 1

I got a secured loan then I payed it off after a couple of months. That did boost my credit score. Also I just recently got a loan at the credit union I belong to for a vehicle. Find something you need the money for - the banks & credit unions want to loan money. My score wasnt that high & they loaned me $14,000.

Answer 2

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Answer 3

If you have credit problems and want to get a loan try some smaller lending agencies, not banks. Banks tend to have verry strict loan regulations, independant loan agancies are more relaxed. If you are just trying to repair your credit try getting some credit cards, no more than 2. You will have to pay $150.00 in fees to open the card but it will help. Also try getting department store cards or a loan at a furnature store. Even if you can swing some of these things it will take a couple of years to really clean up your credit. It doesnt take much to screw it up but it sure is hard to fix...

Answer 4

I did not actually get a personal loan but I went to the bank and they let me get a $1000.00 CD and then pay it back so much a month and then at the end of the payments the CD belonged to me but it establishes a positive payment history on your credit report.

Answer 5

In order to build good credit you need to start building a good history. You need to partner with companies that will report to all three (3) credit bureaus, but won’t pull your credit. Crown Jewelers is a great company that will give you a small credit line and report to all three (3) credit bureaus. Easy approval.

http://www.crownjewelers.com/

Second, open a secured credit card. New Millenium Bank is an excellent choice. They won’t check your credit and report to all three (3) credit bureaus. You can even pay your bill online.

http://www.nmbonline.com/

Revolving trade-lines are highly weighted in credit scoring, so keep your balance –to- credit limit ratio low. Never miss a payment. Before you know it you will be on your way to better credit.

Answer 6

It would be better to open a secured or unsecured (if you qualify) cc rather than a personal loan. Go to http://www.bankrate.com/brm/rate/cc_home.asp for a list of cc's with low interest, no annual fees, etc. From there, you need to make 1 purchase per month for groceries, gas, etc then pay the balance off in full. With time and on-time payments, your credit will slowly build back up.