Is there any banks that will lend with a higher intrest rates or companys to help people like me
2006-12-18 16:11:39 · 7 answers · asked by happyman82385 5 in Business & Finance ➔ Credit
I do not think a federal student loan can be based on your credit.
http://studentaid.ed.gov/PORTALSWebApp/students/english/aideligibility.jsp?tab=funding
2006-12-18 16:19:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If the money is needed for college, there is a financial aid located on site at almost all colleges that can help with a grant - not a loan - a student grant that doesn't have to be paid back.
If the money is needed for personal things, you might be able to secure a loan on a newer vehicle owned free and clear, a second mortgage, a chattel mortgage on personal property or through a Thrift and Loan.
If you have a bank account or you can open one at a Credit Union, personal loans are available.
But please be careful. There are alot of scams out there that would dig you in deeper too!!
Good luck!! Wish we had more info.
2006-12-18 16:18:27 · answer #2 · answered by hot single mom 4 · 0⤊ 0⤋
Check out www.prosper.com. It is called "peer to peer" lending. Basically, the way it works is there are people who will lend small amounts and bid on your loan request. Because of your previous credit issues you may pay a higher rate, but there are no approval processes. You tell www.prosper.com how much you need, how much interest you are willing to pay and folks bid on the right to loan to you. Each time someone bids, the interest rate goes down, which is good for you.
good luck
2006-12-18 16:24:23 · answer #3 · answered by Science Guy 3 · 0⤊ 0⤋
its not banks. they're called consumer finance companies, like Beneficial, Household Finance, CitiFinancial. the are legal loan sharks. expect rates of 24-33% and expensive voluntary insurance premiums on loans of $1,000 to $5,000. avoid them if possible. can anyone else get the money for you, or a cosigner to use their credit?
2006-12-18 16:15:57 · answer #4 · answered by abcdgoodall 4 · 0⤊ 1⤋
there are alot of places just for student loans. low interest rates 2. just check out online low interest rate student loans. u will find the right one.
2006-12-18 16:13:57 · answer #5 · answered by thesunnshynne 5 · 0⤊ 0⤋
visit lendingtree.com or a student loan would help. with a co-signer, these are usually helpful.
2006-12-18 17:20:15 · answer #6 · answered by Nicky 1 · 0⤊ 0⤋
depends on if he has credit or not.
he might want to work out and strip for awhile at a few bars, I know that can make some money.
2006-12-18 16:12:48 · answer #7 · answered by Tiffi Poodle Pie 69 2 · 1⤊ 1⤋