installment loans?
Question by Jerry W: installment loans?
I’m looking to try to get an installment loan from my local bank for credit purpose only. My credit is bad, how will I be determined if I get one with bad credit? Will they even give me one?
Best answer:
Answer by Jake
Banks basically decides on giving you a loan on these factors.
Affordability, stability, credit worthiness, collateral and net worth. If your credit is not very good bank may ask you for a collateral or you may be subject to risk based pricing. Worse the credit, higher the interest. You may also want to try scheduling 2 lenders who are more aggressive in trying to gain your business such as Credit Union or Wells Fargo.
Hope this helps.
Give your answer to this question below!
Go to prosper.com and read and hear what they have to say about giving out loans you must go here it “WILL” help you get one here.