loan,banking and credit
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How can i get a secured loan even though i have bad credit?



I have property that can have a house built on it. It is ready for construction. but my credit sucks and i have been going back and forth with the credit agencies because half of the stuff on my credit is not mine one credit place fixed it equifax so my equifax or experian report is clean and i got turned down not because of bad credit but because there wasnt enough on my credit?

There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

http://www.axalda.info/bad-credit-loans....
Find a company that works with bad credit. There are a lot of time. Look on the internet!

Good Luck!
Many lenders, banks in particular, deal in any sort of secured loan other than second mortgages. Other institutions deal almost exclusively in secured loans. Finance companies that deal in secured loans can be found in your phone book, newspaper, and increasingly, online.Shop<!--around and compare interest rates on loans and the terms of repayment with several different lenders. You'll find many internet sites that let you request a loan rate quote from multiple lenders at once. You can find more information on bad credit loans here,

http://badcredits.awardspace.com/...

Once you've submitted a request for a loan quote, you'll be contacted by representatives from several companies-->and can get a good idea of what each can offer you in terms of interest and other finance charges and fees. Choose the best one for your needs, and apply for the loan. It's that easy.
The difficulty is that you need a construction loan, not a mortgage which is much easier to obtain. With a property that does not have a home on it already, the bank also takes construction risk, so these loans may be more expensive.

The best I can say is get all your credit reports cleaned up and develop a longer credit history. You have to have good and timely payments, no bankruptcies, low (or no) balances with a good amount of available credit.

If you already have credit cards and an auto loan, your credit history should be building up already.
Please listen to what you are asking. "How can I get a lot of money, when I have proven that I can't pay back my smaller debts?" I know there are errors on your report, but lenders don't care. Plus, construction to perm loans are expensive and w/o good credit you are going to have money down (lots of it). You can build back your credit by starting out w/small credit cards. You need 3-4 trade-lines, so if you have a car loan that counts. Use credit cards responsibly - pay on time, keep used below 1/2 of limit. It will take about 1-2 yrs to repair. Plus, save, save, save, save. You can do it, you will just need to be patient.
CFO - licensed mortgage broker
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