has anyone heard of western loan company

Submitted by onzua on Thu, 11/13/2008 - 12:10
Forums

My credit score is very low and i need a loan but no bank will agree to grant me a loan. My friend advised me to apply for a loan with an oline loan company where she got hers. Has any one out there ever heard of western loan company. I want to be sure before applying for a loan with them.
The email address i was askesd to contact is "western.co_operativeloan@yahoo.com"

Hi Onzua
Can you tell us exactly what is your credit score? With a low credit score you cannot get a loan at a competitive rate of interest. However, most of the credit companies that offer you loans with low interest rates are the payday loan companies, but what I suggest is not to get into the trap of payday loans because these loans have abnormally high rates of interest and may push you to vicious circle of debts.

Fri, 11/14/2008 - 12:23 Permalink

Yes, you should check up every details before applying for a loan with any company because once you sign up for a loan agreement, the creditors get authorization for making a hard inquiry in your report. Now even if you don't go for the loan due to the high rate of interest, your credit score may get lowered due to this hard inquiry. So you should first ask you friend in detail about the interest charges on the loan before you sign up for the loan.

Fri, 11/14/2008 - 12:34 Permalink

Yep......dealing with 'bad credit' loans can REALLY mess ya up. I don't know if Western Loan Company is one of these types of loans, or not, but...............you'd be paying a VERY HIGH % rate. Maybe even paying back TWICE as much of your 'original' loan. Just becareful and cautious.

Sat, 11/15/2008 - 15:22 Permalink

sometimes it is more than half sdchargers, you pay a great price for having a low credit score. I am working on raising mine now and I can say that it will go down a hell of a lot quicker than it will go up.

Sat, 11/15/2008 - 22:29 Permalink

That is awesome, you just saved yourself a ton of money by not calling the repair man. Thanks for sharing.

Tue, 11/18/2008 - 14:43 Permalink
boutique maill… (not verified)

Its such as you read my thoughts! You appear to understand so much about this, like you wrote the guide in it or something. I think that you just can do with a few p.c. to drive the message home a little bit, but other than that, that is excellent blog. A great read. I'll certainly be back.

Wed, 01/02/2013 - 21:50 Permalink