American General

rred4 · ‎02-23-2008

Has anyone recieved a personal loan from the and what CB do they pull and what scores do they look for?

Starting Score: 580
Current Score: 750(EQ) 746(TU)
Goal Score: 800

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Anonymous · ‎02-23-2008

I think it is Equifax, I had asked about scoring etc and the manager told me they have an internal scoring system of A-F I think, so you would be put into one of those categories based on score, she did not break it down. I had a small loan with them and my scores were in the 590's-610's, rate was not bad.

rred4 · ‎02-23-2008

Was it a personal cash loan?

Starting Score: 580
Current Score: 750(EQ) 746(TU)
Goal Score: 800

Take the myFICO Fitness Challenge

Anonymous · ‎02-23-2008

rred4 wrote:
Has anyone recieved a personal loan from the and what CB do they pull and what scores do they look for?

Fico doesn't like loans from companies like them so unless your scores are too low to get a bank loan I would stay away from them

rred4 · ‎02-24-2008

Why not they are a financial institution?

Starting Score: 580
Current Score: 750(EQ) 746(TU)
Goal Score: 800

Take the myFICO Fitness Challenge

shyboy · ‎02-24-2008

can you guys tell me more about this company cause i need a small loan also. Thanks

-------------------------------------------------------------------------------------------------Getting back in the credit game after major setbacks

Anonymous · ‎03-14-2008

rred4 wrote:
Why not they are a financial institution?

Because lenders like American General are for people who have bad credit and can't get approved for a loan from their bank. Yes people with good credit can use them but why would you if you could for example borrow 3,000 from your bank at say 7% instead 23% from American General. They charge interest rates near and above 20% and make you use collateral to secure the loan. Fico considers place like these as if you were buying products from fingerhut. Experian doesn't care if you pay the loan timely, they dont like them period

Anonymous · ‎03-14-2008

rred4 wrote:
Has anyone recieved a personal loan from the and what CB do they pull and what scores do they look for?

they pull experian usually. Not sure what scores they look for. I used them because I had a bankruptcy on my credit report so I couldn't get a regular loan. When I started my credit cleanup thats when I found out that the cb's don't like loan companies like them. they also don't like those payday loan co either. Now all my scores are above 760 but I still get the message that the Amer Gen loan is hurting my scores

shawnette · ‎03-15-2008

They pulled Equifax (Florida) and my scores were around 600 at te time.