| Subject | Date Asked | Expert |
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| getting a loan | 10/11/2006 | Matt |
Q: I want to buy and sell forclosed homes (investment properties). My question is? My credit rating is ...
A: Typically the lowest acceptable credit scores for investment property are 660 or better. Lenders ...
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| Co-Signer | 10/8/2006 | Joe Montgomery |
Q: I would like to co sign on a car for my sister, if I co-sign on this car will it affect my credit? ...
A: The quick answer is yes. When it comes to mortgage companies, you can usually provide them with ...
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| No Credit | 10/7/2006 | Matt |
Q: .. I am 20, and frankly I have no credit score. The problem is that I am living in a motel right now ...
A: I understand the problem of credit, I am only 25 myself. I would suggest trying Citibank and ...
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| Asset based personal loan | 10/6/2006 | Joe Montgomery |
Q: My credit is awful but I have over $600,000.00 invested with with a finacial maintenance corp.I am ...
A: As your money is placed with an investment, no lender would be able to actually use this amount as ...
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| Divorce/auto financing ??? | 10/5/2006 | Matt |
Q: We have been separated for over 2 years, during which time I have opened my own bank account, and ...
A: I would suggest just the opposite. Go straight to the dealer. Banks will not consider lending with ...
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| Personal Loan | 9/30/2006 | Matt |
Q: I applied for a personal loan of 5,000. The loan was approve. I received a phone call from them ...
A: This does not sound good. For one a personal unsecured loan should have a rate of at least 10-15 ...
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| drown in credit card debt | 9/28/2006 | Joe Montgomery |
Q: I have several credit cards debt with total amount $ 20,000.00 . I heve never missed the payment, ...
A: Most credit "Consolidation" companies basicly negotiate with your credit card companies to get them ...
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| Home Loan | 9/25/2006 | Matt |
Q: Yes, my fiance and I are looking for a house before next year when we get married. Hes 20 and I'm ...
A: Once you are over 18 age means nothing. I bought my first home on my 19th birthday. The credit is ...
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| Debt | 9/23/2006 | Joe Montgomery |
Q: My husband and I wanted to get personal loan to pay off our credit cards,we tried applying to a ...
A: Usually, if you'relooking to do a debt consolidation loan, you need more than $5,000 to even get ...
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| personal loan | 9/20/2006 | Matt |
Q: how much of a personal loan can you get at your local bank? second question. my dad is willing to ...
A: Most banks top out at 5,000 in personal loans. It is possible for him to co-sign but it will appear ...
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| Need a large loan | 9/20/2006 | Matt |
Q: My husband and I have always had excellent credit and pay our bills on time. Never late. We have had ...
A: A bank will not consider a personal loan of that size. Personal loans usually don't exceed about ...
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| personla loan- no credit | 9/18/2006 | Joe Montgomery |
Q: how can i get approved for a personal loan of 4000$ with no credit history?
A: The simple answer is that you won't. I know that isn't what you want to hear, but that's the honest ...
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| Personal Loan vs. Credit Card | 9/16/2006 | Joe Montgomery |
Q: Joe. I am in a predicament ( i'm sure you've heard worse ). I had an injury 2 wks ago that will ...
A: I would take the last option you mentioned. It is credit you already have available, so you won't ...
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| Cosigner on car | 9/14/2006 | Joe Montgomery |
Q: I cosigned for a car for my daughter-inlaw and of course she said she would take care of the ...
A: What I have to tell you you already know, and won't help much. Never mix finance and family-ever, ...
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| hi | 9/14/2006 | Joe Montgomery |
Q: i have some credit debt and am wondering what points to emphasize in contesting the debt there may ...
A: The truth is the best, and most accurate. If you weren't late, you weren't. Repo's, did you have ...
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| Loans | 9/14/2006 | Matt |
Q: How can I get a loan to start my business?
A: Well, it depends on what kind of business you plan on starting, how much you need, credit, and ...
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| How to Find a Privately Funded Personal Loan | 9/12/2006 | Joe Montgomery |
Q: I have tried traditional means of obtaining a personal loan, but have been unsuccessful. I want to ...
A: The only personal loan you can get without collateral is from a "payday" loan company. No one gives ...
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| Personal Loan against home & land free of liens | 9/11/2006 | Joe Montgomery |
Q: My husband built a small cabin-style (woodframe two-story pier&beam) house on a 1/2 acre. We have ...
A: Let me start with this; Most banks/mortgage companies don't like log cabins because they are ...
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| Increasing credit score | 9/10/2006 | Joe Montgomery |
Q: My brother has neither outstanding debt nor credit cards. He is very responsible and pays all of ...
A: With all the talk about interest rates, and credit scores, there's a lot of psuedo education in the ...
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| Increasing credit score | 9/10/2006 | Matt |
Q: My brother has neither outstanding debt nor credit cards. He is very responsible and pays all of ...
A: "Authorized User" does not do as much for him as becoming a co-borrower. Autherized user means that ...
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| Personal loan | 9/7/2006 | Joe Montgomery |
Q: I am curently recieving money for school through the G.I. Bill so school is paid for,however,I am ...
A: You will have to work with your school about the possibilty of a student loan, as there is most ...
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| getting a loan while in debt consolidation | 9/6/2006 | Joe Montgomery |
Q: a little over three years ago we went to debt consolidation. we had no problems paying the bills on ...
A: There are quite a few companies that treat debt counseling like a bankruptcy. The reasons are; ...
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| personal loan | 9/3/2006 | Joe Montgomery |
Q: In april i borrowed from my 401k loan to pay off some credit card debt. I've since found a new job ...
A: You could get a personal loan, but unless you have exceptional credit, and/or a credit union that ...
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| Need loan for debt help | 8/31/2006 | Matt |
Q: I am writing this letter to you on behalf of my best friend. She has been trying to get a personal ...
A: With bad credit regardless of the reason no bank will be willing to lend a personal unsecured loan ...
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| Credit Score | 8/30/2006 | Matt |
Q: I just done a free online credit check and my score was 290. It said it was bad, But how bad is it? ...
A: That can not be a credit score. The lowest possible is a 350 and that is horrible. To get a 350 ...
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| 1st time loan | 8/28/2006 | Matt |
Q: my name is Jamahl. I'm about to turn 19 and am looking to buy a car. I don't want to spend more ...
A: Sounds like you are in good shape. You will have to use your car as collateral. Currently most ...
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| BILLS PROBLEMS | 8/24/2006 | Matt |
Q: HOW CAN I GET A PERSONAL LOAN NO ONE WANTS TO APPROVE ME AND I FEEL IM GOING CRAZY WITH ALL THIS ...
A: In your situation you will have to have a co-signer to get a loan because of the high risk you pose. ...
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| Financing | 8/22/2006 | Matt |
Q: ok. so trying to finance a computer. And I reach this... To determine any billing period’s ...
A: It looks like there are two financing options this "57000 Plan" which says your interest is between ...
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| I NEED HELP PLEASE | 8/22/2006 | Matt |
Q: IM 21 YEARS OLD AND TO BE REAL I DONT HAVE ANY CREDIT, IWANT TO GET A CREDI CARD BUT THEY SAY THAT I ...
A: If you try using the car as collateral the problem will be that the loan is more than the car will ...
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| credit and loans | 8/20/2006 | Matt |
Q: You have previously answered a question that I had asked about getting loans/credit with no credit ...
A: With income of yours, you should still be able to get a small loan of around 5,000 or so. Your ...
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| Not so hot credit. | 8/20/2006 | Matt |
Q: I just signed a year lease with my apartments. After that year is up I would like to by a house but ...
A: Yes, get a credit card. Use it, put your gas on it or something then pay it back down each and ...
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| Loans & Jobs | 8/19/2006 | Matt |
Q: Ok, Ive had my job since about April now. I need a loan for a car, none of the car dealers around ...
A: you will need to get a co-signer for a loan or a good rate credit card. See if a parent or friend ...
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| person loans and credit | 8/19/2006 | Matt |
Q: I am 18 years old, and I want to establish some credit early in life. I have been turned down my ...
A: It is possible to get a loan with no credit,however they are very hard and when you do the rate will ...
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| Paying off credit card debt | 8/18/2006 | Joe Montgomery |
Q: Soon I will be paying off all my credit cards. How do I go about doing this other than just sending ...
A: Sounds like you either got a nice "windfall" or are doing a refinance. The reason I make mention of ...
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| Debt & Mortage | 8/16/2006 | Joe Montgomery |
Q: My husband was unemployed last year for several health reasons and is currently employed and ...
A: I would swear that I answered this one, but... Yes, if you own your home outright, you will ...
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| Borrowing/Mortage | 8/16/2006 | Matt |
Q: My husband was unemployed last year for a few different health reasons but as a result of that we ...
A: If you can get a good deal on the property, YES. When you do a mortgage loan the biggest thing is ...
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| Need Help | 8/14/2006 | Matt |
Q: My husband and I are considering buying a used mobile home for $11,000. We also need another $5,000 ...
A: There are a few different loan options. First you could look into a mortgage on the mobile home ...
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| LOAN | 8/10/2006 | Joe Montgomery |
Q: THRU MY DIVORCE I WAS STUCK WITH IRS DEBT ME AND HER HAD TOGETHER I OWE $13,000 MY PAYMENTS ARE $250 ...
A: You can only get a loan of this size with collateral. Do you have a home that you can borrow ...
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| Dealing with potential investor | 8/10/2006 | Matt |
Q: I am in the midst of opening a dayspa in Mi. with a very good, established client base. I have sent ...
A: This is a sticky situation. You certainly don't want to hack him off so he says forget it but yet ...
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| personal loan | 8/9/2006 | Matt |
Q: i am trying to get a 500 loan from a bank but not sure if they will let me i have 520 534 and 575 ...
A: Equifax is most often used across the country. Most banks will not do loans less than about ...
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