topic Re: Questions about personal loan companies!!! in General Credit Topics

Questions about personal loan companies!!!

Anonymous — Thu, 17 Sep 2015 13:43:13 GMT

I applied for personal loan with companies like prosper, rise, and others that help people with fair credit score, but I don't think that is true. I am asking anyone who could tell me what company will help pay off your credit cards. My scores are fair & I would like to know what does the score have to be for these loan companies to approve you?

Re: Questions about personal loan companies!!!

Anonymous — Thu, 17 Sep 2015 16:16:48 GMT

First, what are your Fico 8 scores? Fair is a subjective term. Second, it's more than just scores. I was denied by one lender with a TU Fico of 797 for too many new accounts. Denied by another with an EX score of 736, for multiple reasons.

Re: Questions about personal loan companies!!!

goergetoown3 — Thu, 17 Sep 2015 23:57:35 GMT

I just was approved on tuesday through Avant for an unsecured loan for $9000. it was super easy and I recieved the money Today! I have a 640 credit score across the board, alot of new accounts and a crap load of inquires. i derogatory account and some old charge offs. Try them out good luck!

Ps I knowmthat don't do bankruptcy.

Re: Questions about personal loan companies!!!

Anonymous — Fri, 18 Sep 2015 00:14:37 GMT

@goergetoown3 wrote:
I just was approved on tuesday through Avant for an unsecured loan for $9000. it was super easy and I recieved the money Today! I have a 640 credit score across the board, alot of new accounts and a crap load of inquires. i derogatory account and some old charge offs. Try them out good luck!

Ps I knowmthat don't do bankruptcy.

Perfect illustration of my point. Avant was the one that denied me with a TU Fico of 791. (Note: I checked my AA letter, and I misremembered, it wasn't 797).

Re: Questions about personal loan companies!!!

Anonymous — Fri, 18 Sep 2015 01:16:16 GMT

Hi georgetown3, my credit score are 646, 641, & 631 on my fico. Which CB they used? Congrats on getting approve for your loan,is the interest rate high and payments?

Re: Questions about personal loan companies!!!

goergetoown3 — Fri, 18 Sep 2015 01:21:06 GMT

Hello LG30312 thanks. My interest rate is 23% and the payment is 313. They gave me 3 different options for payments and interest rates. The highest being 32%.

Re: Questions about personal loan companies!!!

goergetoown3 — Fri, 18 Sep 2015 01:33:20 GMT

Correction 26% is what I got.

Re: Questions about personal loan companies!!!

Anonymous — Fri, 18 Sep 2015 10:45:11 GMT

Most of them seem to be (soft) pulling TU.

Re: Questions about personal loan companies!!!

Anonymous — Fri, 18 Sep 2015 10:48:55 GMT

With mid-600 FICO scores the interest rates are pretty abysmal, expect them to be in the 20-30% range :/ Consequently, the monthly payments will be high as well. Only problem is that with interest rates that high, for the start of your loan the payments are almost all going toward interest and not toward paying down the loan. Unless you're on the brink of BK, it's not worth it. Just try and formulate a plan to pay of your CC debt instead

If you absolutely need one I'd check with your local credit union first since they'll have the best rates.