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Easy Application: These beneficial loans will provide you with cash promptly. Once your application has been filled out, which takes a matter of minutes to complete, you may obtain immediate approval. The faster you are approved for your loan, the faster you will receive your cash for your emergency expense. [link widoczny dla zalogowanych] You can find a private money loan or hard money loan (usually very expensive rates of interest) that will give you a loan for 6 months while you improve your credit score and can refinance later with FHA. Count the costs of the short term expense of a private money lender verse the cost of losing this property and just waiting 6 months to start your search again. Did you know? that credit bureaus can only report bad credit information for up to seven years with some exceptions? Bankruptcy information can be reported for ten years and anything reported in response to an application for a $75,000 salary job or more has no time limit.
You should also bring proof that will explain your previous bad credit. The better you can explain your previous mistakes the better chance you will have of securing a bank loan despite bad credit. [link widoczny dla zalogowanych] You will need to prove that you have a steady income, and you must be at least 18 years old. But you won't have to wait long to get your money.
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