The advantages are as ClubMan says, sometimes you have no other option.
If you have 'served your time' with a sub-prime lending institution would you be able to eventually re-mortgage with a mainstream lender in order to avail of a better mortgage rate?
There are a few existing threads that mention them already. You should be able to find them using the search facility.I know of Start and GE Money, is there anymore of them?
Or can anyone recommend one of them to me?
I don't think that they rip people off although they may charge higher than normal rates because they lend to people with black marks on their credit history/status who cannot borrow from more "mainstream" lenders. I presume that sub-prim lenders are still proper lenders.I know they rip ya off with interest n all but can you haggle them down?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?