General Credit Topics

[chewitt23]

I'm looking to get an unsecured personal loan in the amount of about $8000. What kind of FICO score would I need to get approved for something like this. It needs to be unsecured to clear a current lein on my vehicle that I used to secure a previous loan. The company said they can release the lein if I'm approved for this unsecured loan for the remaining amount. My score right now is 710

[coppernights]

I'm also trying to get an unsecured personal loan. It's hard these days. I'm in the low 600 range and I'm looking for $5k. I've gotten turned down just about everywhere I've looked. I have 3 30 day lates in the last 12 months that's all that is hurting me.

anyone know of a good place to look?

[greyhound2007]

BOA has the gold option line of credit, I would think with a 710 you might have a good chance of getting approved.  But in this credit climate who knows for sure.  Just have to apply and find out.  Good Luck Vicki

[chewitt23]

Thanks, but I have the get the loan through my current lender which is citifinancial. This will be the only way to clear title besides paying the loan in full.

[Chad3304]

it shouldn't have to be through citifinancial, with your scores you could go to a credit union and probally get an even lower interest rate and pay that loan off in full and that will release the lein.

[ByrdMan]

What is the balance on the current vehicle loan?

[tawanat1]

[Edited: Please do not reveal personally identifying information in your messages]

Message Edited by LilMirth on 07-28-2009 10:28 AM

[Math_Rocks]

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coppernights wrote:

I'm also trying to get an unsecured personal loan. It's hard these days. I'm in the low 600 range and I'm looking for $5k. I've gotten turned down just about everywhere I've looked. I have 3 30 day lates in the last 12 months that's all that is hurting me.

anyone know of a good place to look?

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I think that prosper.com (peer-to-peer lending) is doing loans again.

[txjohn]

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Math_Rocks wrote:

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coppernights wrote:

I'm also trying to get an unsecured personal loan. It's hard these days. I'm in the low 600 range and I'm looking for $5k. I've gotten turned down just about everywhere I've looked. I have 3 30 day lates in the last 12 months that's all that is hurting me.

anyone know of a good place to look?

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I think that prosper.com (peer-to-peer lending) is doing loans again.

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Prosper.com and LendingClub.com both are making loans.  But they are courting prime borrowers with very good credit.  Got a buddy who tried to borrow 12K through Lending Club.  The loan amount was "funded" by the various individual investors, but then Lending Club "Adverse Action" rejected and removed it because they didn't like his employer (did a lookup on the company and decided the company wasn't big enough) and said employer does not meet standards.  His credit qualified ~740ish no derogs, low debt.

Message Edited by txjohn on 07-28-2009 12:28 PM

[ready13]

That sounds a bit crazy they did a check on his employer and decided the company he worked for wasn't big enough and so that's when they discriminated against offering his approval based on what factors would they look into the companies revenue to check if they agreed or liked the numbers