Working as a loan officer for the last ten years I have been asked this question quite a few times. The easy answer is 720 and above. Of coarse, a good FICO score doesn’t t guarantee you the best rates on a mortgage or even a car. Most of the clients that ask me this question do indeed have good credit and they know it. By asking me “what is a good FICO score” they are subliminally telling me “hey buddy I get the best rates so don t get tricky”.

For the most part these customers are right; a good FICO score does usually mean the best rate. However, putting a loan together we have to look at all pieces of the pie. I have quoted borrowers with impeccable credit rates that made them want to slap me. A good FICO score opens the gate for programs that people with lower credit scores cant even consider. However…

Finish: What Is A Good FICO Score? here

What are interest-only loans? How are they structured and who are they right for? How do you avoid common mistakes people make when choosing interest-only loans?

Loans with the option of paying only the interest every month are called interest-only loans. These loans allow you to pay on the principal balance only when you want to or when it is convenient for you.

Most interest-only (IO) loans carry this option to pay the interest only for a limited amount of time, usually from 5 to 10 years. The remaining principal balance comes due at the end of the term.

IO loans can be a good choice for borrowers whose incomes tend to fluctuate from month to month.

However, this aspect of IO loans can be a pitfall for borrowers who are not…

Finish: Tips Regarding Interest Only Loans here

There are many places and lenders that offer no credit check personal loans for women who have less than perfect credit. The reason you get these types of loans without a credit check is that you usually have to have a bank account with either a savings or checking account with a direct deposit of your employment check on payday.

These companies usually have higher interest rates if you go longer than the term of the loan. Most of these loans go from week to week or every two weeks depending on your payday. If you have a need to have no credit check personal loans, you may need to do some credit repair so you can obtain a personal loan with lower interest rates. At Annual Credit Report, you can request a free copy of my credit report and see just what needs to be done in order for you to receive a lower interest rate on a bank personal loan.

Payday loans and cash advance loans require no credit check and you receive the money usually the same day. Because of this service, you may be required to…

Finish: How To Get No Credit Check Personal Loans here