Question : Bad credit loan with down payment?
I need a bad credit loan in the amount of $15,000 to start a business. I will be able to pay about $ 5000 as a down payment. Anyone knows of any reputable company that could help me out?Thanx.
- asked by Mike
All Answers:
Answer #1
I bet you get all kinds of spam from thisquestion. My advice is be careful.Do you haveyour business plan written up? You will not getan unsecured loan without one. You realy shouldget the credit cleared up first.
- answered by Lisa L
Answer #2
You may just need to call around, if your incomeis pretty good that may offset the bad credit. Check out this company that offers creditrestoration free with membership
http://www.FDIMember.com/130055 If you have anyquestions my email is Lbntravel@sbcglobal.netGoodLuck!
- answered by beatriss w
Answer #3
An alternative to a bank might beProsper.com.Prosper is an online community ofpeople like you and me that lend money to eachother. Here's how it works:You apply for the loanthrough Prosper. They verify your identity andpull your credit. They post your score in the formof a grade (A,B,C, . . . F) so people don't seeyour actual score.On the page where you apply forthe loan they let you state your case. You tellthem about yourself. About what you want the moneyfore. What you're going to do with it. etc. Bespecific. Be personable. Explain why your creditis bad if you want and how you plan to pay theloan back.People read your application and they"bid" on how much they will loan you and at whatinterest rate (Don't worry. There's a cap). So JoeSmith says he'll give you $5,000 at 10% interestand Mary Jones says she'll loan you $10,000 at 12%interest. Once the entire balance has been met(and it might take as many as 10 or more peopleloaning small amounts) the loan isestablished.Prosper wires you the money and setsyou up on a 3-year payment plan. Payments aretaken directly from your bank account and paidback to all the people that loaned out themoney.Hope this helps!
- answered by 1-800badcredit
Answer #4
Do some research and compare all your optionsbefore deciding. check out this website for moreinformation.
http://www.credit-card-loans-debt.com/
- answered by Hazel S
Answer #5
Hello,You need Business Loan or Government Grantsfor starting small business.Here are manycousultants ready to help you.This is a list ofBusiness Loan lenders, choose which one is bestfor you,
http://business-loans1.blogspot.com/
- answered by Tony S
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