How to Open a Credit Account with Bad Credit

How to Find The Best Bad Credit Personal Loan

The Rules of Bad Credit Car Financing

How To Get A Bad Credit Credit Card

How to Get Rid of Your Bad Credit in Two Months

How to Get a Bad Credit Payday Loan

Refinancing Your Home or Car with Bad Credit

Are There Any Differences Between Bad Credit Car Loan Lenders?

What Is Bad Credit Debt Consolidation?

Helpful Tips for Erasing Your Bad Credit

Buy Your Next Car without Improving Your Bad Credit Score

How To Get A Bad Credit Mortgage Loan

How to Fix Bad Credit in As Little As Two to Three Years

How To Take Out A Bad Credit Auto Loan

Finding the Perfect Bad Credit Mortgage Company

Can I Still Get A Home Mortgage Loan If My Credit Is Bad?

How to Finance Your Car with a Bad Credit Rating

Can I Get A Bad Credit Student Loan To Fund My College Education?

Who Is Eligible for a Bad Credit Personal Loan?

How Bad Credit Car Loans Work

Top Ways to Get A Bad Credit Loan

How to Obtain a Bad Credit Home Loan

What Is the Easiest Way to Get a Home Loan with Bad Credit?

How to Do Bad Credit Refinance

You may have heard that people with bad credit can't get anything financed. Well that's a myth because there are many companies that will offer you refinancing and loans no matter what your credit rating looks like. Therefore how to do bad credit refinance is not a problem. But how can one tell if they have bad credit? The major indicators of whether or not you have bad credit are the following:

*If you have a FICO score of 620 or lower
*In the past 12 months you have had two or more 30-day delinquencies
*Or in the past 12 months, you have had a 60-day delinquency
*If there has been a foreclosure or a charge off against you in the past 12 months
*If you have filed for bankruptcy in the past 60 months or have been declared as bankrupt
*If you're debt-to-income ratio is 50% higher (simply stated your income can't cover the debt expenses)

It's best to know your credit scores before you make a decision how to do bad credit refinance any other loan. The other areas to look for are the loan amount that you are seeking, credit reputation that you have (that is your credit score and your history), and the collateral that you willing to put up (roughly the amount that equal to your loan amount), and of course the ability that you can pay back the debt. Therefore lenders always prefer lower score borrowers than those with higher scores.

Look for lenders who process loans in-house rather than outsourcing for credit refinance. This saves time as well as money. Also, look for experienced loan counselors who can give you the best advice. Some companies will also offer you the facility to check for the status of your loan online 24/7. Shop around for rates and various terms and conditions. The longer you shop, the better chance you will have of finding your ideal refinance package.


Copyright 2006