My credit score is only 382, would i still be conciderd for a 10,000 loan?

by , 29 Oct 2011

Answers

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Hello and welcome to the community,

The credit score is just one factor the loan company will take into account. It will also look at your income, so if you have good money coming in, you may well have a good chance of getting the credit. That said, a poor credit will not help.

There are loans available for bad credit, but the higher interest rate makes most of these even more expensive than using a credit card: http://www.money.co.uk/loans/bad-credit-loans.htm

If you can putt off taking out a loan and wait until you've gone some way to repairing your credit score, that should help,

All the best,

Tom

by TomCo, 26 Nov 2012

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