Wednesday, October 28, 2009

Will I be able to get a loan with a FICO score of 543?

I need $2,000 to move out of my current place. I%26#039;m actively trying to repair my credit.



I got turned down twice by Citibank and Chase.



What should I do? Is there a way I can get a loan?



Will I be able to get a loan with a FICO score of 543?

With bad credit, most of the loans available will be bad also, with extremely high interest rates. You are better off saving to move. Cut down on everything and save every cent. Cut out all extras, such as that cup of coffee, fast food, and anything you don%26#039;t really need.



Also, see if you can save on the move in any way, with a cheaper truck, friends to help, etc.



If you can do it with cash, you don%26#039;t need expensive credit.



If you need that much help, you might need to seek out local charities, church groups, and even urban housing assistance (such as %26quot;Section 8%26quot;) to help out.



Will I be able to get a loan with a FICO score of 543?

You have a pretty bad credit report. Even if you do get a loan, you%26#039;ll probably have a quicker due date and a higher interest rate.



Ask your family or friends for a loan.



Will I be able to get a loan with a FICO score of 543?

All I can really tell you is that any loan that you may get with a FICO score of 543 will have an outrageous interest rate attached to it. Every time you apply for a loan or credit it counts as an inquiry on your credit report and multiple inquiries will result in hurting your FICO score even more. Instead of thinking you need to get the whole $2,000 at once, have you tried to just pay your debts a little at a time? It would be helpful to know what credit issues you have and what exactly the $2,000 would be going toward.



Will I be able to get a loan with a FICO score of 543?

sry... that is a terriable score.. u will never get approved for that.. start paying off ur credit cards and than ur score will go up and ull be able to get more than 2k



Will I be able to get a loan with a FICO score of 543?

Nobody is loaning you money with a 543 credit score. Would you loan you money? If you have a 543 credit score you%26#039;ve rarely paid anything on time if ever. There are no lenders that are going to take the risk.

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