About 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.
Question Hello, I am 23 years old and would like to get a personal loan for $10000 to pay off my car with about $4000 dollars left on it. With the remaining money I want finish paying for my wedding. Should I try an individual or joint account? My score is about 660 and my fiance has a score of about 705. We have a few credit cards with high balances and just bought a car with a 513 payment a few months ago. My car has a 354 payment. Together our income is about 7500 a month. Will it be possible for me to get a unsecured loan?
Answer I would recommend joint, as there are more options, and it will give you a better chance to qualify for the loan. Unsecured to $10,000 might be a stretch-- possibly with your car as collateral. I recommend talking to your bank, tell them what you are looking for, and they will tell you the best they can do. Also, using the car as collateral should help keep the interest rate lower than it would be with an unsecured loan.
Good luck, and congratulations on your happy day!
