No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello,
I 'am trying to get a personal loan small amount 1500 to pay some cc off and books for school. However my credit score low 580 trans 560 eqfa but my cc are always paid on time but I have balance and that the reason for the loan . Just have one bill and not use card again until necessary. I do not want go to payday loan that's crazzy..........So what to do? Any suggestion? Thanks
My CU (SchoolsFirst) has both personal loans and payroll savings loans available to members. I would go to your CU first.
Hello,
Thanks for the response for cu I'm not in one and don't they check your score? My bank I'm wells Fargo and they hard to get anything.
With low scores it is going to be difficult or impossible to get an unsecured personal loan. You said you wanted it to pay off credit card balances. I am assuming you are looking for a lower interest rate than what your credit card offers? In any event your best bet right now is probably to just bite the bullet as they say and pay down the credit card as rapidly as you can.
More importantly you need to address whatever is keeping your credit scores so low. If you have bought a credit report from this site then look at the page that tells you what is hurting your credit score. There should be three comments on it. Use those comments and either look through the Rebuilding Your Credit forum or post a new question to get advice on how to move forward. Transferring debt is only a temporary solution and so many people end up adding new revolving debt after getting a loan. And that just makes the situation worse.
Unfortunately your scores are not going to allow you to proceed with your idea & even if you could get a loan the interest rate would likely be higher than what your payinng the CC bank. What rate are you paying?
Hello,
Much as my surprise I receive a loan from financial company Spins Leaf and I was approved of 2500. I was shock ..I asked the women that had taken my application it wasn't my score they look at which they used experian which is my lowest 570 however they look at my payments which all up to date no late . Eventhough they were high on interest 19% however my payments are lower then all my credit cards put together. This will boost my score after all cc are paid and the payments are on time which I have 24 months to pay and no penalty's pay off early. Thank you all you're input.