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Best places to apply for a loan?


#1 shadylane   Believe... CAGiversary!   2596 Posts   Joined 18.6 Years Ago  

Posted 30 November 2011 - 05:04 PM

Hey guys,

I'm looking to apply for loan so that I can consolidate my debt which is really not that much (6,000).
My credit score is 739 and I'm 24 years old. I tried apply for a loan with the Lending Club but they turned me down for the following reasons:


PROPORTION OF BALANCES TO CREDIT LIMITS IS TOO HIGH ON BANK REVOLVING OR OTHER REVOLVING ACCOUNTS
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
LACK OF RECENT INSTALLMENT LOAN INFORMATION
AMOUNT OWED ON REVOLVING ACCOUNTS IS TOO HIGH

Any ideas?

Thanks!

#2 nasum   CAGiversary! CAGiversary!   3480 Posts   Joined 18.0 Years Ago  

Posted 30 November 2011 - 06:52 PM

the mafia?

#3 Javery   Drug-Dealer-Keeper-Awayer CAGiversary!   22425 Posts   Joined 18.6 Years Ago  

Posted 30 November 2011 - 07:08 PM

What about your bank? Or if you are trying to consolidate credit card debt why not pay off all of your debt using the credit card with the lowest interest rate? It's a start at least...

#4 Allnatural   CAGiversary! CAGiversary!   1213 Posts   Joined 16.5 Years Ago  

Allnatural

Posted 30 November 2011 - 07:11 PM

Is your post missing a zero or something? Just pay them off, smallest to largest. Their's no point in consolidating 6k.

#5 silentevil   Most evil man ever!! CAGiversary!   580 Posts   Joined 15.4 Years Ago  

silentevil

Posted 30 November 2011 - 07:38 PM

That's 500 a month over a year. Get a 2nd job & cut back on your spending.

#6 RAMSTORIA   fate is inexorable CAGiversary!   11980 Posts   Joined 18.0 Years Ago  

Posted 30 November 2011 - 07:52 PM

6k is nothing. just pay the damn things off.

#7 DestroVega   Life is short... stunt it CAGiversary!   7191 Posts   Joined 14.9 Years Ago  

DestroVega

Posted 30 November 2011 - 11:31 PM

6,000 really is nothing. You got a real job?

#8 keithp   Older than you CAGiversary!   5602 Posts   Joined 18.4 Years Ago  

Posted 01 December 2011 - 12:22 AM

No one's gonna load a guy named Shady any money. Just hunker down and pay the damn things off!

#9 Afflicted   CAGiversary! CAGiversary!   997 Posts   Joined 13.2 Years Ago  

Afflicted

Posted 01 December 2011 - 03:25 AM

Hey guys,

I'm looking to apply for loan so that I can consolidate my debt which is really not that much (6,000).
My credit score is 739 and I'm 24 years old. I tried apply for a loan with the Lending Club but they turned me down for the following reasons:


PROPORTION OF BALANCES TO CREDIT LIMITS IS TOO HIGH ON BANK REVOLVING OR OTHER REVOLVING ACCOUNTS
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
LACK OF RECENT INSTALLMENT LOAN INFORMATION
AMOUNT OWED ON REVOLVING ACCOUNTS IS TOO HIGH

Any ideas?

Thanks!


hmm... just curious but why did you go with the "Lending Club"?

Best bet would be to try with your bank... if your score is correct they shouldn't have much problem doing the loan as long as your debt to income is in line. Other than that the only thing that could stop you there is that maybe you haven't had enough loans...

If that doesn't work... maybe try a credit union. They tend to be a bit more loose in what they look for.

#10 Bloodbooger   Male Escort and Hired Gun CAGiversary!   1071 Posts   Joined 17.8 Years Ago  

Bloodbooger

Posted 01 December 2011 - 03:32 AM

What about your bank? Or if you are trying to consolidate credit card debt why not pay off all of your debt using the credit card with the lowest interest rate? It's a start at least...


I did this^ awhile back.

It'd be best to wait for a new credit card offer with 0% (or anything under 4-5%) interest for a set amount of time. I paid off a little over $5,000 in a year.

#11 QiG   I'm all out of gum.. CAGiversary!   2866 Posts   Joined 15.5 Years Ago  

Posted 02 December 2011 - 01:14 AM

I did this^ awhile back.

It'd be best to wait for a new credit card offer with 0% (or anything under 4-5%) interest for a set amount of time. I paid off a little over $5,000 in a year.


Just keep in mind that if you don't completely pay the balance off before the promo is up, they add in all the interest you would have accumulated over that grace period.

#12 crunchb3rry   HODOR! CAGiversary!   5524 Posts   Joined 16.2 Years Ago  

crunchb3rry

Posted 02 December 2011 - 02:04 AM

Join a credit union.

#13 Admiral Moo   CAGiversary! CAGiversary!   531 Posts   Joined 15.1 Years Ago  

Admiral Moo

Posted 02 December 2011 - 03:14 AM

Join a credit union.



This. Then you know at least that nobody's looking to screw you over too badly.

#14 Sebastrue  

Sebastrue

Posted 16 March 2020 - 02:56 PM

I had the same issue but already found a good bank. So good luck.



#15 MukaOrb  

Posted 16 March 2020 - 05:55 PM

Hi, dude. That is not a very big sum so any bank can give such a loan with no problem. If you already have a loan in the bank, then you can appeal to the credit company but be very careful when you read the agreement, because they can be very tricky sometimes. Not every company works honestly nowadays. I can say that I saw many people who had troubles and courts with loan companies because they didn't read the agreement carefully and didn't argue with stupid conditions. The best loan company which I know is https://credit-10.com/mx/. pay attention on it.



#16 farkas  

Posted 17 July 2020 - 11:54 AM

stay away from payday loans dude


#17 jenniferdehner9  

jenniferdehner9

Posted 25 April 2022 - 08:32 AM

Hello, I tried to obtain a bank loan to put a down payment on a property once, but everyone turned me down. As a result, I made the decision to save this money in cash. I found a lot of more info at paydaysay.com at the financial site, where there is an article on several techniques to save money for a down payment.



#18 Z-Saber   moon2S CAGiversary!   7377 Posts   Joined 17.5 Years Ago  

Posted 25 April 2022 - 10:17 AM

Thanks! Absolutely LOVE the financial site.