Quote:
Originally Posted by TopFlight
I'm trying to start a new business and I'm going to need around $10,000 dollars to launch it. The problem is when I went to try to get a loan, several places denied me.
My CS at T/U is 717
at Equifax is 655
and at Experince is 646
They are all somewhat good scores, but the problem is I only have limited credit history, meaning (to them) I dont have at least 24 months of credit history.
On top of that my income is almost non existent. I don't make enough they said. So is it possible for someone that has a good credit score but little credit history and no income to get a $10,000 loan?
Pls help me out
|
It is through these loans that most borrowers with low credit scores find solace and get a solution for their needs. They can easily get money through which they can fund their personal needs like debt consolidation, home improvement, car purchase, travel expenses, medical treatments, educational funding, etc.
There is a choice available to the borrowers amongst which they can decide as to which option of the loans they want to opt for. They have the secured form and the unsecured form to consider for their choice. If they want a bigger amount for their needs, then the secured form of these loans is appropriate. For this, an asset like a car or home has to be pledged with the lender to borrow money in the range of $5000-$75000. This amount is required to be repaid to the lender in a term of 5-25 years.
The unsecured form of these loans is suitable for those borrowers who need smaller amounts or do not have assets to pledge. The amount available through this option lies in the range of $1000-$25000 for the needs of the borrower to be fulfilled. This loan however comes with a shorter term of 6 months to 10 years.
03-17-2008, 05:54 PM
Help! Need Money But Don't Have The Crenditals
Re: Help! Need Money But Don't Have The Crenditals
