Personal loan

Questions and Answers

I need an unsecured personal loan of £1,000.00 but I have extremely bad credit rating. Any suggestions?

Q) I need a personal unsecured loan for a thousand pounds but my credit rating is extremely, extremely bad. Does anyone out there know of any loan companies that will grant me this loan with my bad credit history? I lve in the UK. Your help will be much appreciated.

A) Could you get a someone to sign as a Guarantor?

Any advice regarding a personal loan with Alliance & Leicester?

Q) I have a personal loan which I took out last year for an 18 month period. I have run into some financial difficulties & am about to begin my maternity leave so my usual monthly income is decreasing to statutory maternity pay. I was advised to contact all of my creditors, explain the situation & request that they take lower payments for the next 9 months until I am earning more money & able to make higher payments. I've had Alliance & Leicester come back to me saying that they can't do this. Apparently as its a fixed term loan, if I pay less than the amount that I currently pay it gets counted as a default & after 3 months will be noted on my credit report for the next 6 years. I am a little stuck as to what to do now. In my mind I was basically requesting to extend the term of the loan, therefore lowering my payments to an amount that I could afford. Anyone been in this situation before & can offer some advice?

A) I havent been in this situation but it sounds like they are right unfortunately unless you took out some sort of protection on the loan? I would speak to citizens advise... they would be able to point you in the right direction.x Good luck.x

i have just applied for a personal loan online?

Q) i have just applied for a personal loan online to see if i can get one and want to apply to other loans to see who says yes, but if they yes to the loans i have applyed for does it mean i have already got it and the money is on the way. because i don't want to end up with loads a loans please help as im really confused kind regards chelsea :)

A) When you sign up online, you don't have to take the loan if they say yes. They will send you paperwork, as they need your signature on the credit agreement, so just don't sign the forms. Bear in mind though, that each application you make online will involve a credit search, and this will be recorded on your credit file. More than a couple of these in a period of months actually lowers your credit score, as it looks like your borrowing large amounts of money which you probably can't pay back. So doing this without reason can actually work against you and damage your credit rating temporarily, which will be a pain if you do really need a loan in future!

Has anyone ever received a personal loan from Tandata Loan company? Are they real or a scam?

Q) Has anyone ever received a personal loan from Tandata Loan company ? Are they real or a scam? I am from Singapore. I am getting ready to close a deal with them. Just wanted to know if anyone has any first hand experience with them and if anyone has been ripped off by them. Does this company exist? Where can I check them out?

A) If you do not check a company before entering into a transaction, you could lose your money, time and credibility. Some widely used resources are the Better Business Bureau (www.bbb.org) and the national fraud center ( www.fraud.org) These days, you can easily find out more about a company using the internet in a few minutes. From a company's website, you can details about its ownership, how old the company really is and feedback from the company's customers. You can find more detailed information about a company at http://tinyurl.com/gtb89

can i use a personal loan for a deposit on a flat?

Q) i have taken out a loan for 8k. i want to do a buy to let mortgage with another bank. will i be allowed to use the money from the personal loan(sorry if this is a silly question it's just that i assume there must be something that would stop you doing this or surely everyone would do it and be able to get on property ladder..?) or is it ok..?? thanks thanks! but will the bank giving me my mortgage hold the personal loan against me for a buy to let..??? why don't more people do that then?? cos the flat will surely go up and it would mean people could get on the housing ladder. people always say they don't have a deposit so can't get on ladder. but why don't they get a loan ? there must be a reason..?

A) You can use it, but you have to disclose the loan when you apply for the mortgage. Then when your lender works out your maximum borrowing amount, the loan (or repayments) will be taken into consideration and effectively reduce what you can borrow. The reason why most people do not do this, is that 100% mortgages are available and given that they have lower interest charges than personal loans (typically) and the terms are longer, people tend to go down this route to keep their initial monthly repayments to a minimum. So - yes you can do it, but it will cause the amount you can borrow to reduce and probably cost you more than a 100% loan.

Is it possible to combine my personal loan with a mortgage?

Q) I have a personal loan with the bank for £15,000. I want to get a property, but I know I won't be able to get a mortgage and pay the loan at the same time. I therefore wondered if it would be possible to incorporatre the loan into the mortage, so I basically add £15000 onto the mortgage. What do you think?

A) you can get a loan to run along side it but i guess if you could remortgage and pay off the loan ask at the bank for best way to do it

Where Can I Get A Personal Loan With Bad Credit?

Q) I'm looking for a personal loan to clear off all of my debt for good. I know that I can afford to repay some of the quotes I have had but I'm just wondering who the best company is to approach. I have 3 defaults on my credit file and need to borrow about £12000 to clear of debts and have some money left over for home improvements. I'm also a tenant so the homeowner loans are out of the question. Any advice appreciated, thanks

A) Go to www.moneysupermarket.com and select the loans section. Fill in the quick survey which will give you a rough guide to your actual credit rating. Then they should then give you a list of possible lenders who may be willing to offer you the loan. You may pay slighly higher than the advertisd percentage to pay it back.

I am looking for an unsecured personal loan of £5000?

Q) Hello Which UK loan brokerage or firm, is most liberal in the provision of unsecured personal loans(i am looking to borrow £5000). I have a good credit rating, but no property or proof of income. I want the money to start a business(window cleaning or ebay retailing) thanks

A) Get a job, any job for 3 months then you'll have proof of income. Also during that time you can do some research into the business you want to get into, and write up a good business plan .Then ask your bank for a loan, which they will give you if you have a good credit rating.

Is my credit score good enough to get a personal loan? UK only please?

Q) I have just found out that my experian credit score is 744. I am a self employed tenent earning £3500 a month which I bank on my hsbc account. I have had my hsbc account for 10 months and am told that my internal credit score with hsbc is good. Do i have any chance of getting a personal loan off them? Have any of you managed to get a loan with a credit score 0f 744 or less? Dont bother sending me emails offering me loans. Im not stupid and am well aware of the scams going on.

A) with a score of 744 i believe you can go shopping for the loan and should have little or no problem obtaining one!!!

Is my credit score good enough to get a personal loan? UK only please?

Q) I have just found out that my experian credit score is 744. I am a self employed tenent earning £3500 a month which I bank on my hsbc account. I have had my hsbc account for 10 months and am told that my internal credit score with hsbc is good. Do i have any chance of getting a personal loan off them? Have any of you managed to get a loan with a credit score 0f 744 or less? Dont bother sending me emails offering me loans. Im not stupid and am well aware of the scams going on.

A) Trace-sable credit history is more important than income for most lenders.If you own credit cards this should be good enough to give you a loan.i am also self employed and even when i have periods of no income i still qualify for a loan because of my good credit history.The only way you will know is to apply for a loan but be careful as if you are turned down that will be recorded on your history as a refusal and you may have future problems.

Personal Loan!?

Q) Hey guys, Im looking for a small personal loan in Canada. I tried banks and loan companies but had no luck. I have bad credit and want to repair it. Is there any ideas or anything. The reason why im looking for a loan is because i need to pay in small monthly payments! if anyone knows where someone with bad credit can get a loan or small line of credit i would appreciate it! thanks in advanced!

A) Call up Capitalone credit cards. For $75 you can get a credit card with $300 credit. Make the payments on time and your credit will improve enough for you to get a real loan.

Personal Loan?

Q) I need to take out a personal loan yet i have no credit at all... im working and im getting about 2-3 thousand a month. Is there a number i can call to make a personal loan? I tried calling my local bank (wells fargo) but they didnt accept me because i had no credit.

A) try looking online for some loans..i didnt have any credit when i got my first loan over the internet..it takes about 3 days to process and it all depends on how much ur looking to borrow so just search "personal loans" im sure u will find one that will work with you

Personal Loan?

Q) I am a university student and have been using an extended line of credit to pay for personal expenses. Its reached $5000 now, and the bank refuses to extend it further because I'm currently unemployed. I only have 2-3 months until I graduate with a degree in mechanical engineering. I have a full credit load, so working isnt a great option. I feel that my current loan accruals and the additional $1000 I want for the next few months could be payed off quickly with a new job. The banks don't care much for potentiality however, and I feel like I'm stuck. Is there anywhere or any method that one can get a personal loan without a job (perhaps with the ME degree being factored in?) Thanks The prosper site seems like a great idea. I believe it says, however, that every month repayments are owed. I'm looking for a 4 month or so window. Then I should be able to pay it in almost lump sums... unless that's not allowed either >:O

A) Go to www.prosper.com and plead your case. It's probably your best shot at getting funded without getting totally screwed since you're dealing with individuals who will listen to your story.

personal loan?

Q) I am trying to get a personal loan through my credit union. I have bad credit due to immature decisions when I was younger. I now pay my bills on time and am capable of paying back a loan. Do you think I have a better chance of getting the loan if I have collateral and a co-signer?

A) Have you made an effort to clean up your Credit? Paid off old bills? If not then in the Credit Unions eyes you are the same as you were then. However, bad dings on your credit should disappear in a matter of 7 years so if that amount of time has passed you should be fine.

Personal Loan?!?

Q) I need to get a personal Loan ASAP, but I have no credit, and I just got hired at my job TODAY, so I doubt they even have my info in yet for employer verification. I live in SC. Does anyone know of anywhere that would give a loan to such a person as myself? Thanks!

A) Pawn shop. I'm sure you don't mind putting up collateral.

Personal Loan?

Q) I have bad credit and I need a personal loan to pay off some bills and rebuild my credit. I have been turned down by a couple of different places. Does anyone have any suggestions on how to get a loan if you have bad credit?????

A) Well, first off, a "short term" loan is generally less than 12 months, so what you want would not be characterized as short terms by any lender. Secondly, if you obtained a mortgage, I'm going to assume that your credit wasn't all that bad. Generally, if you have some bad credit and you need cash, the best place to go it to wherever you have an existing relationship, which would probably be your bank carrying your mortgage. If you have home equity, that's your best best. If not, you might speak with a loan officer at the bank about getting a bill consolidation loan. Possible they might be able to work something out. An alternative is a loan finance company that lends money at generally higher rates, like a Citi-Finance or other national/regional sources. Not the cheapest solution, but they do have fewer restrictions than what a bank might since they generally take more risk. Hope that helps.

Personal loan?

Q) Where can I find a website online to apply for a personal loan? The trouble I'm having is that I don't have much income a month and it seems like you have to make over $1500 a month, but I don't. So, is there a company that will let me have a loan without making over $1,500 a month? Thanks!

A) Prosper.com is a peer to peer lending network where lenders bid to partially fund your loan at the lowest interest they are willing to accept for your situation. The site doesn't specialize in bad credit but give it a shot.

Personal Loan?

Q) looking for a personal loan to an Autralian resident. Looking to consolidate debts, and am prepared to make weekly, repayments. Any advice or offers appreciated. Not looking for small loans... Cheers

A)

personal loan?

Q) i am looking at a car that is 1800 dollars and i have 1200. so i was thinking about getting a 1000 dollar personal loan. will they ask me any questions for the reason for the loan? any other inportant information about this?

A) There are 2 types of personal loans – secured personal loans and unsecured personal loans. Secured personal loans require you to pledge any of your assets like you house to the lender as collateral. Many people choose this type of loan due to many benefits like lower interest rates, long repayment time and easy terms and conditions. But your asset is under threat if you cannot make timely payments. Your asset can be taken over by the lender and thus you lose the possession of it.

Personal loan.?

Q) Could someone tell me the steps from beginning to end on applying for a personal loan with prosper.com? Is that a good site to apply for a loan? Thank you.

A) I don't know about that website personally but if you're a member of a bank or credit union, I'd try them first. Yeah they'll probably look at your account and credit score, but if approved you'd be getting it from someone you trust and know and they'll most likely give you a good payment plan.