Personal Development for Smart People^TM Forums

Narz · 03-09-2007, 05:23 AM

I have a low amount of reported income but good credit.

What's the best loan rate I could get? Say for $10,000.

Thanks,
Narz

Antiventurecapital · 03-09-2007, 05:53 AM

Quote:

Originally Posted by Narz

I have a low amount of reported income but good credit.

What's the best loan rate I could get? Say for $10,000.

Thanks,
Narz

There is no answer. It all depends on your credit score and all the other lending criteria used by the lender.

Narz · 03-09-2007, 05:58 AM

Quote:

Originally Posted by Antiventurecapital

There is no answer. It all depends on your credit score and all the other lending criteria used by the lender.

Assuming I have a good credit score then.

Antiventurecapital · 03-09-2007, 06:01 AM

Quote:

Originally Posted by Narz

Assuming I have a good credit score then.

It will still vary based on your income, time at job, time at residence, collateral, etc.

Antiventurecapital · 03-09-2007, 06:05 AM

Word to the wise. If it's a business loan tell them it's for fixed assets not inventory. They will feel more comfortable with seizing fixed assets in the event of default than inventory. Why? Because it's easier to sell a van or computers than the 500 electric dog polishers you built but never sold.

Narz · 03-09-2007, 06:11 AM

Actually it would be for a vehicle.

hotwired · 03-09-2007, 09:53 AM

Have you checked out prosper.com ? Basically an "ebay" for loans. People can loan or borrow.

Narz · 03-09-2007, 11:04 AM

Now I haven't, I will, thanks.

03-09-2007, 05:23 AM	#1 (permalink)
Narz Banned Join Date: Feb 2007 Location: Monterey, CA Posts: 236	Best/easiest place to get a loan from? I have a low amount of reported income but good credit. What's the best loan rate I could get? Say for $10,000. Thanks, Narz

03-09-2007, 09:53 AM	#7 (permalink)
hotwired Senior Member Join Date: Nov 2006 Posts: 100	Prosper Have you checked out prosper.com ? Basically an "ebay" for loans. People can loan or borrow.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Student Loan Help!	StarFish	Business & Financial	2	02-06-2007 06:16 PM
So Good to Have a Positive Place to Go	! Search-Engines-WEB	General & Introductions	1	11-05-2006 09:07 AM

03-09-2007, 06:05 AM	#5 (permalink)
Antiventurecapital Senior Member Join Date: Feb 2007 Location: WA State Posts: 446	Word to the wise. If it's a business loan tell them it's for fixed assets not inventory. They will feel more comfortable with seizing fixed assets in the event of default than inventory. Why? Because it's easier to sell a van or computers than the 500 electric dog polishers you built but never sold.

03-09-2007, 06:11 AM	#6 (permalink)
Narz Banned Join Date: Feb 2007 Location: Monterey, CA Posts: 236	Actually it would be for a vehicle.

03-09-2007, 11:04 AM	#8 (permalink)
Narz Banned Join Date: Feb 2007 Location: Monterey, CA Posts: 236	Now I haven't, I will, thanks.

Personal Development for Smart PeopleTM Forums

Personal Development for Smart People^TM Forums