Expert: Joe Montgomery - 6/6/2007

Question
Who are some good lenders to apply for a personal loan? I am 3 years out of BK 7 with scores about 650. I have 2+ years of reestablished credit. A few credit cards and a bank loan. I am trying to consolidate my credit cards and loan into one loan. About $5000 in total. I have been a loan officer for 4 years and have changed companies 2 months ago. I am 100% commission.

Answer
You would probably have about as good of an idea as I do in that area.  A bank is going to be your best bet as finance companies will not like the former bankruptcy and the added concern of 100% commission.  A bank may not want to make the loan at this point due to the short time at your current job-- waiting 6 months might be a better idea so that they can have w-2s from your past years as well as current pay stubs to calculate income.