Total Debt Relief
Debt Help | Debt Advice | Debt Relief | Debt Management | Debt Solutions | Debt Counseling
-
Personal lines of credit? any one know the rates?
Filed under Personal FinanceFeb 7
star asked:
I want to borrow $10,000 for a down payment on a house the owner is willing to finance for.He just wants a down payment of the 10 grand,and the rest he will take care of.My Q is,what would the rate be for paying back the bank? lets just say my credit is bad..how much would it be? and lets also say it was good/average,what would the payment be back on that?
How long do i have to pay back the banks money?,can i use the property i want to buy as collateral? thanks
Fun Kayak Tours
One Response to “Personal lines of credit? any one know the rates?”
-
Jeffrey said on February 9th, 2009 at 8:20 am
MyFico.com has a free tool that you can use to guess how much your payments would be based on various credit scores. Although it isn’t going to be your specific rate, it gives you a good idea of the contrast between having poor credit and good credit.
How long you have to pay back the bank and whether you choose to secure the loan depends on the bank and the terms of the loan.
Leave a Reply
You must be logged in to post a comment.