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How to Get a Personal Loan/Getting Credit
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Question
I want to apply for a personal loan, but my credit is about a 580 and I want to pay something off my credit would it be wise to take out a personal loan?
The only real way to do this would be to take out a personal loan, however the issue would be that with a credit score under 600, you would most likely not be able to qualify for the loan. I would recommend talking to the creditor that you wish to pay off, and see if there is something you can work out.
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Joe Montgomery
Expertise
I can answer most any question in this area, unless they are seeking legal advice.
Experience
I have worked in the lending industry for over 15 years, and worked in consumer lending, (Personal loans, and small collateral loans) as well as mortgage lending during the first 6 years of my career
Publications
Currently an all experts expert for mortgage loans.
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