Bad Credit Refinance Loans - Finding A Good LenderWritten by Carrie Reeder
Finding a good lender to help you with refinancing your home loan can be tricky if you have bad credit. There are plenty of predatory lenders out there who would like to take advantage of you with excessively high interest rates and fees. The key to finding a good lender is to know what are reasonable terms and to compare lending companies.
Look At Your Credit Record
Credit records are not perfect accounts. Before you apply to refinance your loan, you should check to see that all your information is correct. If you believe there is a false record, resolve it with credit reporting company.
You also want to know what your credit score is. The lower score higher rate you will have to pay, but at least you will have an idea of what to expect from a lender. Paying three to five additional points is common for people with bad credit history.
Lenders offer different rates for same type of loan, so shop around. The easiest way to compare quotes is to use an online website. By entering your information online, companies compete for your loan, offering you better rates. The internet also allows you to compare mortgage lenders outside your local area, possibly finding a better deal.
Bad Credit Personal Loan - A Pay Day Loan May Be Your Best Option, No Credit CheckWritten by Carrie Reeder
If you have bad credit, have an emergency and need some fast cash, an instant pay day loan online could be a quick solution for you. With online pay day loans, lender does not pull your credit, so it doesn’t matter how poor your credit history is. Adverse credit will not hold you back from getting an instant cash loan. Pay day loan lenders will just need to verify your income with pay check stubs. They will also usually want to see bank statements to make sure you have an active checking account. The pay day loan or cash advance lender may want to verify some of your other information. Each online pay day loan company is different.
Pay day loan or cash advance loan companies will not pull your credit. There is no credit check because they base loan off of fact that you have employment verification. The money to be paid back will be automatically withdrawn from your checking account, usually right after your next pay day. You can tell pay day loan company what day you would like money to be withdrawn from your checking account. Usually you can borrow cash for 2-3 weeks. The amounts you can borrow vary from company to company. Most of time, you can borrow $300-$1000 depending on company.