2007-01-25 08:23:24 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
Cash is King, Debt is Dumb. A good loan company, by definition, IS out to get you.
2007-01-25 10:42:06 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
Aaron, not all loan companys are that way. If you are refering to a payday loan (than yes, they are, with high high interest) Please stay away from them. You will find yourself living paycheck to paycheck paying them off, than turning around and doing it again, just to make ends meet.
If you are looking for a auto loan, there are some good ones, just make sure you are confortable with the interest and payment. Try not to over extend yourself.
If it is for a Mortgage, than Talk with a broker, a broker underwrites for many company's (I underwrite for 150 companies) so I only have to pull credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be able to help you and your situation, so you go elsewhere, and than that person pulls your credit (see what I mean.) FHA/VA approved too. If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a "hard" pull and it drags down your credit score. When looking for a home &/or refinancing, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down.
I closed on a home in December, where I had to take all company fees off, except for the processing fee, so the young couple did not have to bring money into the closing table. They did not have it, and they wanted/needed the home. So there are good companys out here. Have the Final HUD to show as proof if anyone doupts, that there were no company broker fees.
I do get upset that there are loan offices / companys out here, that see dollar signs, and forget that people are human, It gives the rest of us that are honest a bad name. Someone may not like what I am saying and say this is abuse - but it is the truth.
Good luck to you.
2007-01-25 18:04:53 · answer #2 · answered by W. E 5 · 0⤊ 2⤋
This site is great as a resource and information on loans and companies. http://loan.divinfo.com/
2007-01-25 17:13:03 · answer #3 · answered by Reenie 3 · 0⤊ 0⤋
This site wil give you most useful information according to many loan companys visit http://www.freewebs.com/***********
2007-01-25 21:52:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you can afford to payback your loan all at one time, ChecknGo is really good and their interest rate is decent.
The other is One Click Cash..Try those for starters.
2007-01-25 16:33:19 · answer #5 · answered by Angel 1 · 0⤊ 1⤋
They're all out to get you. They're running a business, not a charity. Just make sure you read the fine print at the bottom.
2007-01-25 16:32:38 · answer #6 · answered by dan h 2 · 1⤊ 0⤋
check with your local chamber of commerce, see if theyre listed in the better business bureau. if theyre not........... look out
2007-01-25 16:38:56 · answer #7 · answered by patrick g 1 · 0⤊ 0⤋