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.

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