December 07, 2001

By: Bev Dodd
Website: http://www.family-refinance-consolidation-loans.com

Loan for people with credit problems: Low rates, easy terms

Educate yourself about credit reports before and after your loan for people with credit problems. All our lenders know that when they receive an application for a loan for people with credit problems sometimes bad credit is just not their fault. We'll discuss this more below.

You can build your credit rating through the use of a secured credit card. You put the money up front in the form of a security, but your rating will still reflect the payment history you develop with the card. This is an easy step to take before applying for a loan for people with credit problems.

Each time a prospective creditor looks at your credit report, an inquiry notation is added to your file, and most inquiries stay on your credit report for up to two years. Inquiries you make yourself, inquiries made during screening for a pre-approved offer of credit, or an inquiry that is part of a background check for employment purposes are not reported to potential credit grantors. Educate yourself about credit histories and how it works and you could be looking for a loan for people with credit and not a loan for people with credit problems.

Any company that denies your application for a loan for people with credit problems must supply the name and address of the CRA they contacted, provided the denial was based on information given by the CRA (credit reporting agency).

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About The Author:

Bev Dodd is a successful author and publisher of http://www.family-refinance-consolidation-loans.com.  Many have commented that her website offers the best recommendations, links and information on loans, mortgages and financing.