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Can you get a consumer loan from a credit union with bad credit?
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1 Answers
To get a secured loan, you'll pledge some sort of collateral, which the credit union can take if you fail to make your payments. You don't need to pledge your house, car, or jewelry cash secured loans use money in your account to help you get approved. A cosigner can also help you get approved.
How do installment loans affect credit report?
Asked by unknown
1 Answers
Installment loans affect credit score depending on multiple factors like history of repayment patterns, amount owned, length of history and diversity of accounts. While going for new installment loans, small installments loans are ideal to help raise credit score. In some cases, the credit report gets damaged due to the behavior of the person borro
What happens if customer does not repay consumer loan on time?
Asked by unknown
1 Answers
It is important to contact lender and inform them about situation at the earliest. Lenders are more likely to work on formulating a repayment plan when customer misses the first payment rather than after months of missing payments. Failure to repay consumer loan can amount to a bad credit score which will hurt chances of securing a consumer loan th