help me Need Financial Suggestions Please

[chudeep]

bhayya ,

I have credit balances to pay with high apr rates (18% average) and some debts in India with high interest rates . I am getting pre approved loan mails from money lending institutions like lending club, burrowers first , prosper etc with interest rate 5.99% , is it good idea to take loans from these institutions and pay the credit card balances and debts back home ? Can we trust these institutions ? Am asking these questions bcos my credit score is not that good and how/why these guys are offering me huge loans with less interest rates . Please advice

[UNITED99]

bhayya ,

I have credit balances to pay with high apr rates (18% average) and some debts in India with high interest rates . I am getting pre approved loan mails from money lending institutions like lending club, burrowers first , prosper etc with interest rate 5.99% , is it good idea to take loans from these institutions and pay the credit card balances and debts back home ? Can we trust these institutions ? Am asking these questions bcos my credit score is not that good and how/why these guys are offering me huge loans with less interest rates . Please advice

 

 

pre appproved letters anni trash.... nuvvu real ga vaalatho apply cheshte nee credit score batti rate chepthaaarrruuu..pre approval letters are just to attract you and make you call them

 

kavalante try calling them...defnt 5.99% aithe ivvvadu

[chudeep]

Thanks bhayya , evaraina ilanti institutions tho loan tesukunnara , tesukunte entha apr tho icchadu ?

[Hitman]

Thanks bhayya , evaraina ilanti institutions tho loan tesukunnara , tesukunte entha apr tho icchadu ?

 

credit score not good antunnav kabatti.. dont apply for any loans here till it improves.. vadu ichina kooda edo 2 or 3k istadu that too more than 18% istadu.. not worth ..on top of it your credit score will deteriorate more having personal loans.. wouldn't suggest to apply any with low score.

[texas]

Thanks bhayya , evaraina ilanti institutions tho loan tesukunnara , tesukunte entha apr tho icchadu ?

Ltt

Naaku kuda cheppu bro.... Even in have CC with high rates approx 12.99%. Paying lot of interest

[akyl]

waste bro..... 15% APR untundhiii... daanikante mana CC's balance koncham pay chesi... kottha 0 card apply cheyyi score perigana ventane

I applied for personal loan ... waste gaa teesukunna.. interest kadutunna...

[chudeep]

@hitman -thanks bro

Kasaayi , if you don't mind , neeku entha loan vachindi and nee credit score entha unde appudu and evaritho tesukunnav

[chudeep]

Wallst , incase apply chesthe cheptha

[texas]

Wallst , incase apply chesthe cheptha

Thanks bro


Appreciate your help on this!

[MunnaRockz]

Try to take balance tranfer CC with 12-15 months No apr ...that is best option bro...

[Hitman]

Try to take balance tranfer CC with 12-15 months No apr ...that is best option bro...

 

he wont any cards approved with bad credit.. its dangerous to apply any new.

[k2s]

anta paper work ayina tarvata after credit check, $2k, $4k , $5k loan istha ante emi chestharu ?

[chudeep]

loan less than 10k with high apr does not help me much , so credit score perige varaku wait chesi balance transfer with 0% apr unna cc apply chestha

[JavaBava]

I would suggest to try applying for loan. In general 15-20k istaru even with bad scores. The rate will be around 14-16%. But paying off credit card balances will imprpve ur scores very fast. Credit cards interest will definitely be 16-24%. Take the loan. Pay the cards. When score improves, cards meeda zero % apr offers vastay then take it pay back the loans. Score peragakapote offers kuda ravu. Improving score just by paying off is balances is tpugh and with so many parallel loans its difficult. I tried this way and it works.

[JavaBava]

Cards like citi penfed and dcu will allow u to take cash instead of balance transfer for the same offer. Those will be useful than cards which charge more for cash allowance.