I am looking for 3,200 dollar loan to buy a new motorcycle, my credit score is 510 any suggestions?

Answer 1

If you do get a loan it will be for 22% or worse. If you have a 510 score you obviously had some problems paying debt. Why do you want to get back into debt? Try to save up the money for a 2500 used bike. Or if you dont need the bike, use the money to payoff or settle on those bad debts.

Answer 2

You can get bad credit car loan as either secured or unsecured. Secured bad credit car loan comes with the threefold benefit of low interest rate and increased repayment term and huge principal. But this type of loan requires you to offer your property as collateral. Your home is at risk if you fail to pay the monthly installment. But this is not permanent and holds true only if you miss or delay your repayment.

This type of risk is absent in an unsecured bad credit car loan. However, if you miss any payment, your lender can file a legal case against you. As you do not offer any collateral, you have to pay higher rate of interest.

When you compare both the types of bad credit car loans, the secured bad credit car loan is more flexible as regards the terms and conditions. The unsecured is more rigid. Hence if you are certain about making regular payments, secured option is the best.

Answer 3

Consider a used motorcycle that you can buy for cash and don't make your credit problems worse.

Answer 4

Perhaps you should consider saving the money first before plunging into debts. Maintaining a motocycle can be expensive.

Answer 5

I saw your Question requiring a loan.

Why don"t you approach a private lender?I got my loan from a certain agency.Their interest rate of 0.2% is simply great..Why don"t you try there?You can contact them with their email,[e-mail],[e-mail].

Answer 6

Yes, pay off your existing bills, it sounds like you can't afford to go further into debt for yet another toy.