Can someone get a housing loan with poor credit?

1 Answer

Answer :

Poor credit decreases the chances of getting a housing loan. However, many companies offer assistance to those with poor credit and it is never too late to improve one's credit and improve the chances of getting a housing loan.

Related questions

Description : Explain any three reasons for the increasing concern about the need for housing for the poor in London after the Industrial Revolution. -SST 10th

Last Answer : (i) The poor and filthy living conditions of one room houses which posed a serious threat to public health. (ii) There was danger of fire hazards. (iii) There was a fear of social ... in 1917. So to prevent the London poor from turning rebellious workers' mass housing scheme was introduced.

Description : Give explanations for the following: Why well-off Londoners supported the need to build housing for the poor in the nineteenth century ? -SST 10th

Last Answer : Older cities like London changed dramatically when people started pouring in after the Industrial Revolution. Factory or workshop owners did not house these migrant workers. Instead, individual land- ... made to decongest localities, green the open spaces, reduce pollution and landscape the city

Description : Why did the well-off Londoners support the need to build housing for the poor in the 19th century? -SST 10th

Last Answer : The well-off people of London demanded that slums should be cleared in London. Slowly these people came to realise that there was a need for housing for the poor. The reasons were ... Revolution in 1917.Workers' mass housing schemes were planned to prevent the London poor from turning rebellious.

Description : Give explanations for the following : (a) Why did the well off Londoners support the need to build housing for the poor in the nineteenth century? -History

Last Answer : Threat to public health: The poor were living in one-room houses which were over¬crowded. These houses were badly ventilated and lacked sanitation. Thus, these houses were a threat to public health. Fire ... the population of Bombay increased from 644,405 in 1872 to nearly 1,500,000 in 1941.

Description : Pradhan Mantri Awaas Yojana was lunched in _____with an aim to provide affordable housing to urban poor.(a) June 2016, b) June 2015,c)June 2018)

Last Answer : b) June 2015

Description : Dhananjay is a government employee and belongs to a rich household whereas Raju is a construction worker and comes from a poor rural household. Both are in need and wish to take loan. -SST 10th

Last Answer : Dhananjay will be able to get loan from a formal source. Arguments: Banks are not present everywhere in rural India. Even when they are present, getting a loan from a bank is much more ... the other hand, know the borrowers personally and hence are often willing to give a loan without collateral.

Description : Why is it difficult for poor to get loan from Banks ? -SST 10th

Last Answer : The poor find the process of taking loans from the bank difficult because of lack of proper documents and collateral.

Description : Amrita is a government employee and belongs to a rich urban household whereas Rani works as a helper on a construction site and comes from a poor rural household. Both have a crisis at home and wish to take loan. -SST 10th

Last Answer : Amrita, a government employee who belongs to a rich urban household would be successful in getting a loan from a formal source as compared to Rani who comes from a poor household and works as a ... poor often fail to get loans from these sources because of the lack of various terms of credit.

Description : Can I get a Federal Housing Administration (FHA) mortgage if I have bad credit?

Last Answer : Federal Housing Administration guidelines require a minimum credit score of 620, two years since the last bankrupcy and three years since the last foreclosure. Individual lenders may have more strict requirements.

Description : State the objectives of credit-cum-subsidy scheme of rural housing.

Last Answer : This is a Rural Housing scheme to provide shelter to poor rural people who are living below poverty line (BPL). It is part credit and part subsidy-based scheme. Its objectives are i) To ... a house iv) All rural households having annual income of INR 32000 are covered under this scheme. 

Description : Where can someone with a poor credit history apply for a credit card?

Last Answer : You can get a "secured" credit card from many banks which are different from normal credit cards as you have to load on an amount of money and this is all that can be spend. You can ... Proper credit cards for people with bad credit history include Aqua, Aquis, Barclaycard, Capital One, and Luma.

Description : Where can I get a loan or credit card?

Last Answer : If you have a good credit history,you should be able to qualify for a personal loan at your bank.

Description : Should I take out a student loan from a bank or credit union?

Last Answer : Check with your school for a federally insured student loan. Then you’ll know.

Description : Will the USDA report to the credit companies that my home loan was paid?

Last Answer : answer:@Dutchess_III If you reported under chapter 7/13, reporting regulations change when debt is discharged via bankruptcy. The fact that you paid off the loan will unfortunately not reflect on your credit rating moving forward. Here is a quick link with more info.

Description : Will I get an auto loan with a credit score of 662?

Last Answer : answer:Yes, you will. But a 662 will probably get you a less attractive rate than if you had a 750, because you will be perceived (right or wrong) as more of a credit risk. The amount they give you will ... income, and the age and condition of the car. There's no way for us to know either of those.

Description : How can I get a student loan, in Alberta, with a 725 credit score?

Last Answer : Contact a branch of ATB Financial and ask a credit officer.

Description : If your student loan has been placed on a conditional discharge can it be removed from a credit report?

Last Answer : I would not think so. I believe you would need the discharge documents to submit to the bureaus.

Description : If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Last Answer : answer:The longer you have the debt the more interest you pay as each month more interest is added. If you only pay the minimum you will have the debt for much longer and you will pay more interest. The ... . Even I you pay the loan of early you will stay pay the interest for the full loan period.

Description : When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Last Answer : My loans were like a car payment, if I remember correctly. But have you ever deferred any of your loans or ever had them in forbearance? Depending on the type of loans you have, that would effect the total amount ... to pay them off. Ugh! Can't tell you how glad I am that that's over and done with.

Description : A student loan without a cosigner or credit?

Last Answer : answer:Doubtful in the current economic climate, and even if they would you don't want it at a high interest rate (your education is no good if you're paying an extra few hundred thousand dollars ... ask?). Government loans are likely the only type you'll be capable of getting without a cosigner.

Description : How do I legally get out from under an upside down car loan without wrecking my credit?

Last Answer : One way I have heard of is to get the dealer to take the car in trade in and add the current loan on the back of a new loan. Longer payments, but lower amounts and most likely lower interest.

Description : How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Last Answer : It has to do with fractional reserve banking and the extensive money (whatever that is) which is created by selling debt. Debt multiplies money held in reserves. The actual worthless paper dollars ... but I imagine their debt is insured by the same companies as the bank. Companies like AIG.

Description : Where can I get a loan to purchase a business, even though I have bad credit at the moment?

Last Answer : Even small businesses with great credit and history of success are finding it hard to get a loan right now. I would be surprised if you can get the loan. And if the seller has any sense, s/he will put ... down payment cannot be borrowed. I hate to be so negative, but that's the facts as I see them.

Description : If you have bad credit what are ways to get a loan?

Last Answer : Prosper peer-to-peer lending is a great way to get a loan if you can’t get one from a bank (or even if you can).

Description : If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Last Answer : answer:Your eligibility for a credit card or loan with a decent amount of credit would depend on your credit report and credit history. Lots of open credit accounts, late payments, and number ... the lender you are looking to consolidate with. Both will look into your credit report for information.

Description : How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Last Answer : Do you have a credit union? If you have automatic payroll withdrawal, maybe. For a bad credit score, 10% is not a bad rate.

Description : Why are terms of credit required for a loan or credit? -SST 10th

Last Answer : . Terms of credit are required so that the borrower knows the conditions to take the loan. . The collateral, in the form of security or guarantee, is given to the lender until the loan is repaid ... the loan, the lender has all the rights to sell the assets or collateral to obtain the payment.

Description : While taking a loan, borrowers look for easy terms of credit. What do is this mean? -SST 10th

Last Answer : This means low interest rate, easy conditions for repayment and less collateral and documentations requirements.

Description : Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Last Answer : The moneylenders charge very high rates of interest keep no records of transactions and harass the poor borrowers.

Description : Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Last Answer : Yes, because the sum of $480 and $80 is greater than $520.2600x20%= 520

Description : where to get loan even with bad credit?

Last Answer : go to yazing. com/deals/badcreditloans/gman22912 for your best loans and offers (remove the space in between . and c )

Description : Does a bounced cheque affect your credit score, even if no loan payment is involved?

Last Answer : Bounced cheque doesn't affect the credit score until the payment is related to a loan transaction.Banks doesn't report transactions to credit bureaus. but remember that when you take a loan in ... transactions.but if the same problem persists then bank could deny the loan. hope this helps

Description : Can you get a personal loan for $,2000 with bad credit?

Last Answer : It depends on few things: - how bad? - when did this bad happen? - do you have income? - is your income steady? If you have a low income or dont have a permanent job You wont ... Amazon or promoting some stores at facebook or instagram. I`ve read it is very profitable nowadays There some chances

Description : Can I apply for a car loan with a credit score of 593?

Last Answer : This is a very poor credit score. You can apply but it isunlikely you will get a loan without a cosigner. If you are able toget a loan without a cosigner your interest rate will be very highas compare to someone with a good credit score of over 700.

Description : How might your credit score impact your loan intrest?

Last Answer : What is the answer ?

Description : Loan & Credit Line Payments?

Last Answer : Loan & Credit Line PaymentsThis calculator helps determine your loan or line payment. For aloan payment, select fixed-term loan. For a credit line payment,you can choose 2%, 1.5% or 1.0% of the outstanding balance orinterest only.

Description : I need to get my first loan, what can I do to to help build credit history?

Last Answer : Building a credit history requires taking out credit to get a history going. Open a no-annual-fee credit card and make sure to charge to it every month. Also, make sure to pay it off in full each month to build a positive credit history.

Description : What type of a credit rating will I need to get a standard bank loan?

Last Answer : You need to have a score over 700 to get a standard loan like for a car or house. You might ned less for a small personal loan.

Description : How do i find a loan with bad credit?

Last Answer : You can look at cash advance companies as well as online. One of the most popular online sites is www.creditloan.com. They have a specific section for bad credit. It is very hard in this lending ... loan even with good credit. You can try a pay day advance company bu the rates will be high

Description : I need a loan. Where can I get one with bad credit?

Last Answer : search the net would probably be the easiest way. Google the type of loan you are looking for and end it with bad credit. i.e. auto loans for people with bad credit. however if you need money for ... to do a payday loan or a title loan. but title loans come with an extremely high interest rate.

Description : What is the average interest rate on a short term loan with great credit?

Last Answer : The average interest rate on a short term loan is 4.5% if you have great credit. You may need to shop around to find this, but you'll be able to.

Description : How will a consolidation loan effect my finances with $20,000 in credit card debt?

Last Answer : A consolidation loan will pay off all of your bills and give you one payment. This program will only really work if you cut up your credit cards and have discipline.

Description : How can I get a home loan when I have bad credit?

Last Answer : if you have a bad credit score and looking for a loan then I would recommend you to go for the Clark finance group. You can contact us on 1300 366 670 this number. We are happy to help you.

Description : Do you need good credit for an auto loan?

Last Answer : For the more expensive cars you will need a good credit rating,you credit rating is a way of letting the lender know how much he or she can lend you with the probability of you paying it back.

Description : I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Last Answer : If you reaffirmed your car loan during your bankruptcy, you agreed to continue making the payments. If you included your car in the bankruptcy, then the loan was wiped clean, as it appears to have ... the lawyer who handled your bankruptcy, but my guess is that your car slipped through the cracks.

Description : Where can I get an instant loan in Wichita, KS if I have bad credit?

Last Answer : Hi, you may want to consider going online to apply, as you will have more options. Creditloan.com is one website you might consider. Be sure to pay close attention to the fine print as your interest rate could be prohibitively high.

Description : my husband and I just got married and are tired of renting. We would rather spend the money on buying a home but can't get a loan. We ARE first time home buyers and I am trying to establish credit and his is not that good. Please help!!?

Last Answer : Since the recent changes in the mortgage industry a lot of subprime lenders have gone out of business, but there is still hope for you. If you find a house you love you can talk to the owner and see ... like that.inform me if there is an easier way to buy a house without credit, being such an option

Description : How can you get a student loan with bad credit?

Last Answer : The Federal Stafford Loan does not have a credit component to qualify. Also some student loans are not as strict for the components to qualify as well. So, yes, it is possible to qualify for an ... into scholarships, either at the school you are looking to attend, or in the area that you live.

Description : What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Last Answer : Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.

Description : Fastest and easiest personal loans with no credit check and guaranteed lowest rates on no credit check loans. Fast cash loan today in one hour or less.?

Last Answer : Online there are many places to find a fast cash loan that also can be very reliable and trustworthy. Also if you are signed up with banks that have online loans it can be quick as a whistle and you can be off to wherever you need to go with a loan.