LoanSolo is a company headquartered in Oakland, California, USA.
It has been in business since 2005, and currently, they are proud of building a large network of around 300 lenders.
This allows them to help customers with different credit scores to find the optimal offer.
They have no around-the-clock customer support, but you can check out their helpful FAQ section.
LoanSolo.com What Do They Offer?
You can apply for loans in the following amounts: $100-$500, $500-$800, and $800- $1,000;
You can take a loan for a period of time ranging from 14 days to 30 days;
APR depends on the lender, but usually, it is something between 3.4% – 1,386%;
There are no fees taken by LoanSolo for a loan application; however, you may encounter hidden fees and penalties due to early repayment penalties, late penalties, and others;
Option to extend loan varies from state to state, but usually, it comes with interest charges and higher fees;
It takes one business day to get loans if you are approved;
You may be required to send some papers by fax.
We all go through periods of time when we struggle with money. To buy the items we need, we often over finance with credit cards. If you have ever reached your credit limits without being able to pay off your cards each month, your credit score has probably suffered. There are many ways to repair your credit, from paying off all of your balances to establishing a long credit history.
If you repair your credit score, you will end up paying less in security deposits. Landlords and utility companies alike charge more in security deposits for customers with a lower credit score, since those customers are considered to be a higher risk for default. Of course you get it back later, but there's no reason to force yourself to pay it out at all.
Keep all of your credit card accounts open, provided there are no fees to do so, in order to keep your credit score up. Closing a credit card account may hurt you in the end, so if your credit score is fragile and you need to build it up, keep your accounts open, particularly if they have a balance currently.
When it comes time to rebuild your credit, the first thing to do is make a plan. Your plan should contain how you plan on rebuilding credit and how you plan on using your credit in the future. Without a plan of attack concerning your credit, you run the risk of getting into financial trouble again.
If your debts are overwhelming you and are unable to get creditors to work with you, consider consumer credit counseling. Consumer credit counseling will work with you and your creditors to help you set-up a payment plan that works. They will also work with your creditors to lower your interest rates.
If you need to repair your credit, you must decide between two options. You could either hire someone, such as an attorney, that would be familiar with the various credit laws, or you could get your three-in-one credit report, and do it yourself following a guide to help you through the process.
Only take a do-it-yourself approach to your credit repair if you're willing to do all of the work and handle talking to different creditors and collection agencies. If you don't feel like you're brave enough or able to handle the pressure, hire an attorney instead who is well versed on the Fair Credit Reporting Act.
When you need to repair your credit, pay more than the minimum monthly payment on your debts whenever you can. Paying beyond the minimum, cuts down debts faster. In the case of serious debts, the minimum monthly payment may do little more than negate the debt's interest. Paying off such debts on the minimum plan can take many years.
An important tip to consider when working to repair your credit, is the fact that until your credit improves, the chances of getting a new or newer nice car are slim to none. This is important to know because sometimes, it may be even harder to get a decent car than it is to buy a home. This all depends on the dealer and the amount of risk they are willing to take on.
If you're trying to fix your credit, be sure to check all your negative reports carefully. If you find errors in any of the information, you might be able to request the entire negative record be removed from your credit report.
Have you gone through a foreclosure and do not think you can get a loan to buy a home? In many cases, if you wait a couple of years, many banks are willing to loan you money so that you can buy a home. Do not just assume you cannot buy a home.
You should check your credit report at least once a year. You can do this for free by contacting one of the 3 major credit reporting agencies. You can look up their website, call them or send them a letter to request your free credit report. Each company will give you one report a year.
If you are trying to repair bad credit you should try to work on positive things to be added to your credit report. loansolo login don't report to the credit bureaus but you can ask them if they will. You will want to make sure future creditors report to one of the credit agencies.
No matter the reasons for your credit score being lower than you would like, you have many options for improving your score. Most important is to stick with your plans. Pay down your debts and keep your credit accounts open to establish a lengthy credit history and you will be on your way to a better score in no time.