Q:

Which companies offer loans for people with bad credit?

A:

Quick Answer

Companies that offer loans to people with bad credit include banks that provide home equity lines of credit, credit unions and peer-to-peer lenders, according to Quick and Dirty Tips. Individuals can also ask friends and family for a loan or to co-sign a loan.

Know More

Full Answer

According to Quick and Dirty Tips, those who have equity in their property might be able to secure a home equity line of credit. If the debt isn't paid back, the individual may be forced to move out of his home, notes Green Path Debt Solutions. One advantage of going to a credit union for a loan is that it often offers lower fees than banks. With a peer-to-peer loan, the individual borrows from another individual as opposed to a financial institution.

Learn more about Credit & Lending

Related Questions

  • Q:

    How do you buy a car with bad credit?

    A:

    There are a number of ways for people with bad credit to buy a new or used car, with one of the best options being to buy it from a dealership that offers bad- or no-credit loans. Buying a car with poor credit is possible, provided the person starts planning far enough in advance, knows where to look, and is willing to accept a loan with less-than-perfect conditions.

    Full Answer >
    Filed Under:
  • Q:

    Where can you get an RV loan with bad credit?

    A:

    Institutions like Merrick Bank give RV loans to people with bad credit. Unfortunately, it can be difficult to get an RV loan from a bank if the buyer has a low credit score or a history of delinquencies.

    Full Answer >
    Filed Under:
  • Q:

    Which companies refinance manufactured homes?

    A:

    Companies that provide loans for refinancing manufactured and mobile homes include MH Loans Corporation, American Financial Resources, Inc., 21st Century Mortgage Corporation and Triad Financial Services. The Federal Housing Administration insures loans for refinancing under its Title I program, according to the U.S. Department of Housing and Urban Development.

    Full Answer >
    Filed Under:
  • Q:

    What credit unions provide shared banking?

    A:

    All credit unions provide shared banking because members are part owners who receive shares of surplus income through dividends, reports the National Credit Union Administration Office of Consumer Protection. Members not only share in credit union profits but also elect the board of directors who runs the credit union.

    Full Answer >
    Filed Under:

Explore