There are literally thousands of sites on the internet offering loans for people with low credit score , but it is very difficult to mine through the information to find a credible lender with the best rates and terms. However, there are places where you can find out more about low credit score loans and compare different rates.
Lending Tree (http://www.lendingtree.com) – The Lending Tree is an online resource where you can apply for mortgage loans and get quotes from different lenders. The company has a huge network of lenders, many of whom offer loans for low credit score people. The site allows you to see, through its online FHA Loan Eligibility Tool, whether you would qualify for a loan by keying in your personal information and loans details. After you pre-qualify, you submit an online loans request and the system matches you with up to four lenders. The site also features a Lender Ratings page, which allows you to see how customers and Lending Tree have rated the lending companies’ services.
Credit.com (http://www.credit.com) – This is a one-stop-shop for credit cards, personal and emergency loans, auto loans, home mortgage loans, and student loans for high and low credit score holders. The site offers a wide range of credit cards and loans. Choose from a range of credit scores and select which one you fall under – No Credit, Very Bad Credit Score (300-600), Bad Credit Score(600-650), Fair Credit Score(650-700) – to see what options there are for you. The site has a Loan Comparison Chart that lists the requirements for each type of loan.
LowerMyBills (http://www.lowermybills.com) – An Experian-owned company, this is an online resource where you can find lenders for credit cards, mortgage refinancing, home equity loans, home purchase loans, debt consolidation loans, and auto loans. You can, for instance, select the kind of home loan you want (home refinance, home equity, home purchase, debt consolidation), select the kind of home you want to buy (single family, multi family, condo, townhouse, mobile or manufactured), indicate your credit score range (excellent, good, fair, needs improvement, poor), provide the house’s zip code and purchase year as well as mortgage details, key in information about yourself, and get up to 5 quotes from lenders.
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