Tag Archives: history
Loans 360: Any Loan, Any Time
There are many reasons that you might need to apply for different types of loans, and none of them are enjoyable. One of the best features a loan outlet can offer to customers who are in a difficult financial situation is an easy application process. There are many reasons why Loans 360 may be the ideal choice for you or someone you know who has had past credit problems and who also needs help to get back on their feet.
Personal Loans
When you encounter a loan officer at a traditional lending institution, they often act in intimidating or demeaning ways towards customers who do not boast a high credit rating or FICO score, or who may have had problems paying their bills in the past. This can add to the stress of solving your current financial problems and, suffice to say, no one likes to be treated that way.
The personal loans at Loan 360 are that many degrees in the opposite direction. We do not act as a judge towards customers payment history because our business is to help people get loans who are turned down elsewhere. This is a refreshing experience for many of our customers; we are happy to provide it time and time again.
Our loan plans are customized to get you the interest rate that you can afford, which will help you re-build your credit history. We are primarily interested in your income-to-debt ratio, that is to say, the comparison of your income against your expenses and debts. Examples of these debts could be your mortgage or car payments.
Thats it! We just need your basic contact information and your application will go right into processing. We are proud to offer some of the most user-friendly loan application products on the market today.
Online Personal Loans
Another way we serve our customers is by offering them access to the alternative online loan application. Because our loans are not secured, or backed by collateral, the online application is exceptionally fast. Collateral-based online personal loans have much longer processing periods. In addition, no credit check is required.
This speeds up the processing of your application as well. Other lending institutions must go through these other steps, which can result in longer waiting periods before the status of the loan is revealed to the customer. At Loans 360, we can accommodate bad credit or no credit with no problem.
Home Loan With – For Bad Credit?
When a lender is considering a prospective client for a loan, it goes like this: What is the credit rating? What is the credit background? How much money do they have for a down payment?
Sure, a gigantically large deposit can help to cover a spotty payment history. However, you should be prepared for the absolute worst in fees and interest throughout the life of the loan.
In short there is no way around it. Even with a large deposit, you still need a supporting credit score and accompanying history to make home ownership a reality.
This was true before the credit crisis and now in the midst of many banks collapse, a good credit score and report is more vital than ever.
When someone asks about low scores and high down payments, I always want to know whether the client has done anything to try and improve their credit score. To the uninformed consumer your credit score can be a murky area.
With minimal effort you can obtain a copy of your report and see exactly what is there. Often, costly errors are the cause of low credit scores. Having cash on hand gives you the power to negotiate and settle your old debts. When you settle your debts, negotiation that in exchange for you payment the bad credit will be removed from your report.
If you don’t want to solve the errors your own, it might be wise to consider the help of a good credit attorney. For a low monthly fee and aggressive lawyer will tackle the problem of cleaning up your credit history and boosting your score.
Another fallacy is that it takes to long to clean up your credit. Nothing could be further from the truth!
It can take several months, to a year in the more severe cases, cleaning up a low credit score. Even in the worst cases of taking a year to turn yourself into a good credit risk you can save untold thousands in finance charges, fees and when you finance or borrow.
Therefore, if you have a large deposit and a low credit score, good! Turn your situation from good to great by taking some positive action today. The money you save will be worth it!