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My credit score is lower than 500, can I get loan?

 
 
jacksan
 
Tue 17 Sep, 2013 05:40 am
My credit score is lower than 500 and it is my concern of getting loan. Can I get loan with this credit score?
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Type: Question • Score: 0 • Views: 680 • Replies: 4
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Ragman
 
  2  
Tue 17 Sep, 2013 07:39 am
@jacksan,
not likely
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InfraBlue
 
  1  
Tue 17 Sep, 2013 01:12 pm
Probably from a payday loan company at a rate of more than 3000% APR which is what a fifteen dollar fee on a one hundred dollar, two-week payday loan works out to.
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jadecellen
 
  0  
Tue 17 Sep, 2013 11:24 pm
@jacksan,
No, You cannot get loan from bank because bank is approving loan with upper than 620 credit score. You can ask hard money lenders for your loan because they can give loan lower than 620 credit score. They are not following credit guideline. So, it is not a big matter that how much credit score you have.
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christins
 
  0  
Mon 28 Oct, 2013 03:46 am
Not likely.
I feel collateral loan is the only available option.
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