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New Member
chewitt23
Posts: 2
Registered: ‎05-27-2009

Unsecured Personal Loan

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
Regular Contributor
coppernights
Posts: 113
Registered: ‎05-25-2009

Re: Unsecured Personal Loan

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?

Frequent Contributor
greyhound2007
Posts: 358
Registered: ‎11-05-2007

Re: Unsecured Personal Loan

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
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New Member
chewitt23
Posts: 2
Registered: ‎05-27-2009

Re: Unsecured Personal Loan

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.

Established Member
Chad3304
Posts: 14
Registered: ‎03-15-2008

Re: Unsecured Personal Loan

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.
Moderator Emeritus
ByrdMan
Posts: 7,975
Registered: ‎12-19-2007

Re: Unsecured Personal Loan

What is the balance on the current vehicle loan?
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New Visitor
tawanat1
Posts: 1
Registered: ‎07-28-2009

Re: Unsecured Personal Loan

[ Edited ]

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

 

 

 

 

 

 

 

Message Edited by LilMirth on 07-28-2009 10:28 AM
Frequent Contributor
Math_Rocks
Posts: 485
Registered: ‎05-11-2007

Re: Unsecured Personal Loan


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?


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

Filed Chapter 13 bankruptcy 04/12 after two and a half years in a DMP. So wish we would have done the BK sooner. Live and learn!
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Unsecured Personal Loan

[ Edited ]

Math_Rocks wrote:

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?


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


 

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

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
New Contributor
ready13
Posts: 59
Registered: ‎08-07-2012

Re: Unsecured Personal Loan

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

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