Bad Credit Agency

can you still get a business loan if you have bad credit?

unfortunately i was young when i first got credit and my parents never told me how important it is and now i cant seem to do anything. i need a co-signer for everything and no one to sign

Public Comments

1. Before you dive into business loans, it might be in your best interest to settle your past due personal loans and debts. Primarily because if your business is successful, and you are a partnership or a sole proprietor, your business may very well be an attachable asset to your personal creditors. If you have bad credit to begin with, asking someone with good credit to cosign a loan for you will only drop your cosigners credit score. Simply because the cosigner is backing a loan that is dependent on someone to pay it back that is a high credit risk... meaning YOU. Going into business when you have bad credit already is a bad business. Not a good start. Work on getting your bad credit situation resolved first. Not only will you empower yourself and your business, but you will also be someone with integrity in your business community.
2. Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://umgarticles.atspace.com/debt-consolidation.htm if it helps kindly remember me in your voting!.. cheers!
3. "At some point of time people dol have bad credit record. If you are worried about your poor credit history then you will not get any credit. There are many lenders who provide loans to people whose credit record is bad, but at a higher interest rate. You can get bad credit loans from some lenders quickly and easily. Before you apply for a bad credit loan, there are some points you should first take into account. The only eligibility for the bad credit loan is poor credit history. To increase your credit score, ensure that the details of your loans are sent to major credit bureaus. Getting a lender who offers bad credit loan is quite easy as there are many people with bad credit problems."