I have bad credit and want to buy a repo at my credit union, any suggestions on how to get a loan?
Jul 24, 2009 in
Credit
keynabeena
I already contacted the credit union, they wont give me the loan, its a repo for only 2700.00 but I just dont have the credit, does anyone know where you can get a small loan for someone with really bad credit?
Thanks for your help!
I already contacted the credit union, they wont give me the loan, its a repo for only 2700.00 but I just dont have the credit, does anyone know where you can get a small loan for someone with really bad credit?
Thanks for your help!
Like this post? Subscribe to my RSS feed and get loads more!
4 comments
Kien T on July 27, 2009 at 6:37 pm
Go online and check. With our bad economy their are alot of places that will offer loans regardless of History BUT u must have a job. Note that depending on certain places they will have a min/max loan amount that may not work for u
alexfont0801 on July 31, 2009 at 4:51 am
Many credit unions will give you a car loan as long as the car has a title for less than 4 yrs. The title is the only value that the bank has that can prevent you from selling the car to someone else. Remeber you only need to keep the title for a car for 10 yrs, after that you can register it without it. So, if you have bad credit, they rather see you in a 2005 to 2008 car and give you a six year loan. My friend had the same problem and that’s how she got her 2007 Hyundai.
labelle_2004 on August 2, 2009 at 10:22 am
I found a place that gives loan up to 2500 to bad credit people. If you want you can send me your name and email so I can send you the link, my email is on my profile. Once you’re done with the application base on what time you fill it out you will get the money the next day. It helped me a little the interest rate is mind blowingly high but if you pay it off sooner then the time giving you’ll only pay the interest the money accrued for that period.
Shane on August 4, 2009 at 6:58 am
So you have bad credit, right? Doesn’t matter. You still have a possibility of getting loans. You must take utmost care before taking out bad credit loans. Otherwise, the very loan may become a repayment burden and a new debt. Therefore, it is not wise to apply for the first such loan offer that comes your waypayment defaults or CCJs in your name, your score has slumped. You should try to pay off some easier debts. Your rating will go up a bit in few months. This will help in winning the loan providers’ confidence to some extent and the approval may be easier to come.