Posts Tagged ‘Secured Loan’

How can i get a secured loan even though i have bad credit?

Thursday, November 26th, 2009
angelinairvin asked:


I have property that can have a house built on it. It is ready for construction. but my credit ***** and i have been going back and forth with the credit agencies because half of the stuff on my credit is not mine one credit place fixed it equifax so my equifax or experian report is clean and i got turned down not because of bad credit but because there wasnt enough on my credit?
no i dont want to build on it. I have a home that I live in. I only owe 3000 then it will be mine. I want to get a loan to pay it off and do some home improvements I have no desire to build on this land. But its well worth 25,000 to 30,000 and I am looking to borrow about 20,000 after I finish my home improvements im going to use what is left towards paying back the loan.

What are the risks associated to an UNsecured small business loan?

Saturday, September 19th, 2009
Amorican asked:


I am working on starting a small business soon. I am financing a big chunk myself but need a small business loan for more than half of the start-up cost.
I have been told by different professionals out there that with my age, credit score, and years of established credit I would easily qualify for an unsecured business loan, meaning that I don’t have to put my house and other assets on the line. This is obviously a huge benefit, but aside from an APR higher than one on a secured loan, and expensive loan fees, what are the risks and downsides of an unsecured loan? Also, do you know of any financial company who offer such loans fee-free?

Serious answers only please, and thanks in advance for your help.