Internet Loan Sites “For People With Bad Credit”
Loans for People With Bad Credit
Question:
Internet loan sites “For People With Bad Credit” are a bunch of bull. Where can I find a legitimate company?
Best answer:
Interest rates on loans for people with bad credit are high. It’s a catch-22. People are already in a tight spot and assessing higher interest just makes it worse. There are also these things called “title loans” that are popping up. You can put up the title on your car, but if you default, they can take your car. However, if you have a lien-holder on your car (finance company), you can’t do it. Internet loan sites are predatory loan sharks. Tread lightly. The only “legitimate company” is a financial institution. Yea, I know, that’s an oxymoron, huh.
Before you apply for any credit you need to know why your credit scores are low.
1.You have to clean your credit first by disputing the information to the bureaus.
2. Reduce any credit card to a 35% of your credit limit; this will increase your credit score almost immediately.
3. Do not apply for any credit card unless is a secure credit card since the interest are normally low and usually lenders do not run your credit report.
4.Last you only need to have 4 accounts to have good credit.
Contact me via email for further help if you wish to. Best of luck…..