Archive for the ‘Loans’ Category
Credit Score Loan Modification
May 29th, 2009
Question: How do you qualify for a loan modification?
I'm trying to apply for a Loan Modification and I asked my lender that question and they wouldn't tell me. I don't want to waste my time preparing for it when I won't be able to lower my interest rate = overall monthly payment.
I'm current on ALL of my bills and have a median Credit Score of 704. Every month, after all the bills I still have a little more than $800 left to spend. The only problem is, I've been with holding my tax and spent it on paying bills and other stuff that I won't have enough to pay the IRS in April of 2010 for the tax year of 2009. So that's my worry and that's why i want to lower my monthly payment so that I can save up enough to pay the IRS.
Please advise. Thanks!
Answer: Paying your income taxes is NOT grounds for a mortgage loan modification. You need to better manage the "other stuff" you're spending on.
Loan Modification: Will my Credit Score be ruined?
Posted in Loans | 
Tags: credit, credit score loan modification, home, loan, modification, mortgage | 
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Credit Score Small Business Loan
March 3rd, 2009
Question: Can you get a Small Business Loan with bad credit?But with a down payment of $10 grand for a $85 grand?
What would be the best bank/lender for this option?
Credit Score is 540
Anywhere else I can get more info for this?
Answer: credit-report-free.totalh.com - try this service to boost you Credit Score before getting loan. After Credit Repair you can get the loan with minimal interest rate.
Bad Credit Small Business Loans
Posted in Loans |
Tags: bureau, business, credit, credit score small business loan, reference, web2.0 |
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Credit Score Needed For Car Loan
January 7th, 2009
Question: I have a 595 Credit Score and I need a car. How can I get a car loan for a cheap used car?
I've never financed a car before. I'm currently paying off a car thats in my sisters name so I don't want a high payment so that's why I want to get a car for under $8000 until I pay off the other car.
Answer: Sorry, but you won't get a loan. Your Credit Score is way too low and you've never financed a car before. The reality is that you don't qualify. And that's a good thing because taking on two car loans in this recession is a bankruptcy in the making.
Getting Best No Cosigner Car Loans Can Be Very Easy Online