Thursday, February 28, 2019

How Do Banks Approve Bad Credit Car Loans

The way that you get banks to approve you with bad credit is to 
take the following steps. You have to have  a job, know your credit 
score, research different banks that advertise online and offline. 

Try to get some type of previous bad credit card, to reestablish 
credit and show you are trying to make payments. You may have 
to use a relative or friend to offer to co sign for you based on their 
credit history.

The way that you get banks to approve you for home loans with 
bad credit are as follows. There are different minimum 
requirements for various loans. 

These days a 620 credit score is no 
longer required for people with poor credit or bad credit history to 
get approved.  Bad credit home loans are known as sub-prime 
mortgage loans. 

FHA loans can allow for people with low credit 
scores that are as low as 500 to get a home with a 10% down 
payment or a credit score of 580 with a 3.5% down payment to 
make for the home.

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