| What's reasonable to achieve with bad credit and a great job |
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smart-investor
Full Member
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Location: San Diego
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| What's reasonable to achieve with bad credit and a great job |
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I've wondered maybe if my job could be my credit for both a personal loan and fun car purchase.
I wonder how much it would help if I wrote up a document to show potential investors.
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Wed May 25, 2011 10:35 pm |
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kate032
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Location: Michigan
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If you could apply the same persistence towards working and saving, you'd be a lot closer to your goals.
If a bank won't give you a loan for a luxury car, you're going to have immense trouble finding a private investor.
A fool and his money are soon parted.
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Fri Jul 29, 2011 4:29 am |
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laura.alamery
Contributing Member
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Location: St Louis, MO
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| Bad things happen to good people. |
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The previous post was a little harsh ...
We don't know what the specifics are of your situation and your credit.
If the credit went down because of reasons beyond your control (loss of job, etc.) writing a letter of explanation might be beneficial in still attracting private investors.
I would stay away from getting a private loan or a luxury car purchase - those might be indications of irresponsible credit management.
Get back on your feet credit wise and show proper management, and then you can look forward to personal loans or car loans.
In the mean time, use private investors/money for sound real estate investments.
Laura Al-Amery is a real estate investor and consultant, with 23 years exerience in many real estate sectors. For a FREE Report on “The 8 Most Profitable Real Estate Niches,” please visit www.BestRealEstateNiches.com
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Wed Aug 10, 2011 6:48 pm |
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coaster
Senior Advisor
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| mod's note |
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quote:
Originally posted by laura.alamery
The previous post was a little harsh ...
We don't know what the specifics are of your situation and your credit.
Yes we do. Before coming to conclusions like this, I advise browsing though a member's posting history. Click on profile, then there's a link upper right for reading all posts
~Tim~
Eye Candy : Why Whimsy
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Wed Aug 10, 2011 10:15 pm |
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globaldoc2001
Senior Member
Cash: $ 75.25
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Joined: 30 Aug 2011
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Making a loan is never that easy. In fact, it may even be the start of your downfall, if you do not manage it properly. If by having a good job, you are having a good salary, why not just save it and spend it, rather than having a loan and having to pay that loan with interest?
Business Tax Filing
Debt Consolidation Companies
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Mon Sep 12, 2011 6:13 am |
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