In this economy, with a credit score in the low 500’s, you are very unlikely to get a loan for $10,000. The lending company isn’t going to take your word for it that you can pay them off in September when you get your check. They have no reason to believe you. You can certainly try, but each inquiry into your credit report (especially ones that end up denied) just lower your score even more.
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Short Term Loan Of About 10k With Credit Score In The Low 500’s, Will Receive Check In Sept, So Cld Pay Off?
Saturday, June 27th, 2009What Do You Think About Getting A 0% Interest Cash Advance On A Credit Card?
Sunday, June 7th, 2009And using the money to buy stocks.
Generally, these cash advance offers I have been receiving are for 6 months, but I might be able to find one for one year.
After that, you are required to pay interest.
So, I borrow $10,000 dollars from my card at 0% (free money) and invest it. I pay it all back before the interest charges start kicking in. If you know of a better investment than stocks, tell me.
