Financing in 27701>Question Details

Quandaenia, Other/Just Looking in Durham, NC

my credit is outragously low like 560 low, how can i get a personal loan with a low monthly payment.

Asked by Quandaenia, Durham, NC Tue Mar 25, 2008

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I strongly recommend that you work on your credit score. The better your credit score, the less interest you pay. Having good credit saves you thousands in the long run. There are many things you can do to help. I don't know of your specific situation, but here are some tips:

Pay all of your monthly bills on time
Don't go over your limits on your credit cards
Save some of your paycheck each month
Spend less than you earn each month
If it is possible, get a 2nd part-time job to pay down some of your debts a little quicker

Are you considering taking out a personal loan to buy a house? Or just in general want a personal loan for something else? I have a strong financial background and could possibly give you more specific help, but I need more info.
0 votes Thank Flag Link Sun Jul 13, 2008
Go to your banker, they will help you if you have a relationship. Also, shop around. Personal loans "notes" are different from home loans.
0 votes Thank Flag Link Tue Mar 25, 2008
As with any loan, you should shop some of the banks in your area. AYour ability to get a home loan vs. a "personal" loan could vary greatly.

Your local bank will know.
Web Reference:
0 votes Thank Flag Link Tue Mar 25, 2008
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