2007-01-31 03:00:51 · 4 answers · asked by MANDY 2 in Business & Finance ➔ Credit
My husband and I just filled our fuel tank up and it now empty, it has no leaks, and has been checked out. We need money fast! My husband barely has any credit and I am 2 weeks shy of being out of BK for 2 years. Our bank has turned us down and we can't refinance until July. I think if Beneficial can help us then we may need to suffer the HIGH rate.
2007-01-31 03:19:53 · update #1
It is not hard at all to get a loan through Beneficial. They are what is called a predatory lender. They seek out people with marginally lower credit scores and offer them large lines of credit with 25% to 30% interest rates. My wife and I recently paid off all of our debt and Beneficial was one of those debts. I will never deal with them again. Try your local bank first.
2007-01-31 03:13:35 · answer #1 · answered by craig 2 · 0⤊ 0⤋
If you have a steady job and don't mind the almost 30% interest rate...they're reasonably easy to get a loan through. Some people use them to begin establishing their credit because they will take higher risk cases than most loan sources will.
Weigh the options against whether or not you wish to pay for a longer period of time at a higher rate and go from there. Also be prepared to be offered additional loan opportunities down the road when your current loan begins to near it's pay off level...they want to keep you as a client because they a reaping in good cash from the high rate loans.
2007-01-31 03:07:43 · answer #2 · answered by dustiiart 5 · 0⤊ 0⤋
not real hard, But don't do it! They are the type of company that calls you all the time, Like the day before your payment is due. Nasty people. We had a loan through them and I swore that I'd never do it again.
2007-01-31 03:08:41 · answer #3 · answered by Chell 2 · 0⤊ 0⤋
Beneficial probably will help you, and yes you will probably pay a high APR. But, what other choice do you have?
2007-02-03 19:11:11 · answer #4 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋