Where should I try for a personal loan?
DuaneY asked:
I have a credit score of around 640. My brother in law is willing to cosign for me, and his credit score is 749. I need a personal loan, somewhere in the neighborhood of 25k, to pay off car, bills, etc. Where is the best place to try to get this loan?
Caffeinated Content for WordPress
I have a credit score of around 640. My brother in law is willing to cosign for me, and his credit score is 749. I need a personal loan, somewhere in the neighborhood of 25k, to pay off car, bills, etc. Where is the best place to try to get this loan?
Caffeinated Content for WordPress
Tags: Credit Score, Neighborhood, Personal Loan
February 5th, 2009 at 11:30 am
Caffeinated Content for WordPress
Well since you have a strong co-signer, you will have a good chance, however most instiutions won’t grant a loan that high even with a strong co-signer. You may want to try a credit union first. Also you may consider doing a home equity loan.
February 8th, 2009 at 1:17 am
Caffeinated Content for WordPress
Try bofa.com. You can also try prosper.com and new2prosper.com
-Alchemist
February 11th, 2009 at 10:07 am
Caffeinated Content for WordPress
Try your bil’s bank… they know him and his history… Yahoo Answers is NOT the place to find a loan… Instead, “Advance Fee Loan Fraud” scammers are flocking to your question…
Here are some tips for determining whether a loan is legitimate or a scam:
1) They don’t use a free email address (yahoo, gmail, hotmail, live, etc)
2) They have a secure website you can go to to fill out their application (this isn’t 100% … do a search with the company + fraud and also + scam… and check the BBB)
3) They don’t require ANY fees upfront. Any fees will come out of proceeds of the loan (scammers want their fees via Western Union or Moneygram)
4) They have a REAL address you can send mail to
5) They have a REAL phone number, not a cel phone
Good Luck!
February 12th, 2009 at 2:05 am
Caffeinated Content for WordPress
To get a loan that large you will most likely need to have some collateral to put up against the loan.
I would suggest a bank or credit union. With a strong cosigner you should have a good shot if you have some type of collateral to put up for the loan.