Saturday, October 31, 2009

Where can I get a personal loan at a low interest rate with "not so good" credit?

I need at least $2000 for auto repairs, so I need it pretty quick.



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

Me, but if you don%26#039;t pay it back I break your legs.



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

nowhere!



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

Try your local credit union.



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

try American General Finance



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

1-800-cash call



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

Just go to your local bank and ask for a non secure personal loan. If your credit score isn%26#039;t that great, have a friend co-sign. Depending on your personal relationship with your bank, sometimes they can bend the rules if they think you would be good on it.



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

your parents?



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

DO NT do check and go,payday advance,any of those they%26#039;ll end up with your car,if really have to way options to try and maybe buy $2000-$5000 car.



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

Hi, try your local credit union. You can find by searching %26#039;credit union%26#039; on google and then searching their site for a local one. They help people with bad debt obtain credit. Hope this helps!



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

At welcome financial you can get a personal loan with poor credit. Good luck!



Where can I get a personal loan at a low interest rate with %26quot;not so good%26quot; credit?

Uh, the very consequence of having %26quot;not so good credit%26quot; is that no lender in its right mind would offer you a %26quot;low interest rate%26quot; loan.



A loan is an investment for the lender. The entire point of investment is to take money that you have (or have under control) and use that money to make more money. At any given time, an investor has multiple options about what to do with their money - a number of investment opportunities.



Making a loan to you is one of those opportunities - the investor could also choose to lend that money to someone else - to invest in the stock market, to deposit the money into an interest-bearing savings account - to make a downpayment on real estate, and on and on and on. When an investor chooses one investment from the entire list of available options, the money invested is now committed to that option, and will not be available for alternative options until the money has been returned.



Different investment options are associated with different %26quot;returns%26quot;. No one but your mother is going to lend you money and not expect you to pay them back %26quot;with interest%26quot;.



All investments are associated with risk - risk that the money won%26#039;t be returned. (or at least not returned in a timely manner). You might not pay back your loan - the stock market might tank - the real estate market may suffer a downturn - the president of the bank might embezzle all of the bank%26#039;s money and drive the bank out of business.



Smart investors accept risk when they feel that the potential return on their investment is reasonably proportionate to their risk. If I invest my money in a new company that claims to have developed a technology that will allow time travel, I could well become the next Bill Gates. However, the chances are high that the technology is fraudulent, and my entire investment will probably be lost.



When an investor is given the opportunity to establish its own return (when they%26#039;re setting an interest rate), they set the rate in relation to the risk that they foresee. If your credit history is poor, their best available information is that you are a poor credit risk. The only way they can lend you money is if their potential return is high enough to justify their risk. Therefore, any legitimate lender is going to charge you a high interest rate. If a lending company went around lending money to poor credit risks at low interest rates, they would be out of business in a very, very short period of time.



Furthermore, most %26quot;lenders%26quot; are not lending their own money - they%26#039;re lending money that they are helping other people %26quot;invest%26quot;. If the people who actually put up the money found out that the lender was making low interest loans to high risk borrowers, the lenders wouldn%26#039;t have much money left to lend.



Your best bet for a low interest loan is to approach someone who is investing in you for some reason other than financial gain - your parents, your relatives, a friend - someone who is going to help you out on a personal basis, and not because they%26#039;re looking for an investment opportunity.



Good luck!

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