how long will i have to pay it all back and will they raise the cost to pay it back i just dont know
2007-03-26 02:48:58 · 6 answers · asked by chad m 2 in Business & Finance ➔ Credit
The cost (rate) of your loan is highly dependent on your credit rating. There are fees to process the paperwork, and interest to be paid on the loan for an established payment period. Once the contract is signed, the terms cannot be changed, but usually, there is no penalty for early payment.
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2007-03-26 02:55:44 · answer #1 · answered by SWH 6 · 0⤊ 0⤋
You can apply for a $1000 loan at any finance company. For a loan that small it will probably be written on a one year contract. Your APR will be determined by your credit score. If you have real bad credit or no credit at all you might not even be approved. I do not know what you mean by raising the cost to pay it back.
2007-03-31 19:51:23 · answer #2 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
Today the lenders have started offering nearly all varieties of loans for people with poor credit record.They are also introducing many new loan products meant for this group. Now people with poor credit can get the same choices as those with the good or mediocre credit. Today you can use bad credit personal loans for many purposes like car purchase, vacation or even debt consolidation.
But if you have some assets to offer as collateral, your chances brighten. The primary reason why people with poor credit history do not get loans is because the lenders are scared that the borrowers will default again. But if you can offer collateral, your lender is secure in the knowledge that his money is in safe hands. You have to try and meet the repayment schedule, failing which you lose the asset.
If you do not have collateral, go for an unsecured personal loan, which is rare for people with bad credit. It is necessary that your credit record should be clean for an unsecured personal loan. However, some lenders can accept your case due to inevitable reasons.
2007-03-27 10:02:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Need to be 18 have a job and no credit problems. Personal loan rates vary as will the length of time they will finance.
They will have you sign a contract that states the exact amount to pay monthly, how many months you will pay and the total you will have to pay back.
Pick up the phone book and call a lender; start where you do your banking.
2007-03-26 09:53:14 · answer #4 · answered by wizjp 7 · 0⤊ 0⤋
$1000 LOAN IS AROUND $83 A MONTH FOR 12 MONTHS. AT 9% INTES.
2007-03-31 16:48:48 · answer #5 · answered by Marcel SJ Rossignol 2 · 0⤊ 0⤋
checkout the loan information site It's help you hope visit
2007-03-26 10:27:52 · answer #6 · answered by xxx 2 · 0⤊ 1⤋