Bad Credit, No Problem – A
Stealth Way to Get Credit or a Loan
By Sandra Wellman
By applying for credit through a bank
lenders that subscribe to a credit reporting agency outside the area,
there’s every reason to believe that some damaging information will not
appear in your file. Remember, the only way bankers and lenders can
survive is to extend credit to consumers. By taking steps to sidestep one
credit report that has negative entries, and taking advantage of another
that show you as a good credit risk, creditors will practically force hard
cash into your hand.
Obtain a credit report
from one of the credit bureaus
to determine if there are damaging entries that might cause your
credit application to be denied.
Call several banks of other lenders and ask the
receptionist, etc., which credit bureau they use in their application
approval process. If the individual tells you they don’t know, ask
them to find out.
Select a bank or lender that subscribes to a credit
reporting agency other than the one typically used in the area.
Obtain a credit report from the credit reporting
agency that your selected lender uses.
Repeat step number 4 until you find a report that is
favorable to you and shows the least negative entries.
The only thing left for you to do is apply with that
bank, lender, or other creditor that subscribes to the credit bureau
that has a credit report the most favorable to you.
A lot of lenders will
give you credit these days, regardless if you have bad credit or
even a bankruptcy, but you will pay outrageous interest. If you
use the above tactics, you will get a better rate.
Be sure to read our
article on fixing your credit report
yourself. This will help you
get an even better rate, depending on how long you can take before
getting the loan you are looking for.
Back to Credit Repair
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more, please visit our resource page, link below.
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