I live in Illinois and my father and I have bad credit, but I dont wish which to shift anyones answers b/c we have been formulation to request in 6mo to a year.
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{ 4 comments… read them below or add one }
If you have bad credit, then you can forget about a stated income loan…even the A-paper lenders are stopping with the underwriting of these loans.
Better fix your credit, and if you can’t prove your income or making it up, you need to fix it.
Your best option for finding what you are looking for is to utilize a broker that you can trust (either by referral, or by developing a new relationship with one) and allowing them to take your “present situation” and match it up to what is available to you (program and rate) in the market at THAT time. Another thing you need to do, since you have at least 6 months before this is a reality, is engage in some form of credit repair. This is also a mission, because not all of them are honest or effective. I have resources you could utilize for that, but I can also help you with your new financing when the time comes. Just hang onto my email and contact me whenever you need to.
-Alex
State Income Loans? maybe going to be possible again in 2012, if your planing to fixed your credit, don`t forget to save money for down payment too, and looking for something cheap, to qualify for full doc`s. this is a bubble burs time. bank it`s not ease anymore!
the best banks for bad credit in IL, ok, I found interesting information about your answer, Bad Credit Loans & options here. http://all-debt-consolidation-loan.blogspot.com/2007/08/bad-credit-loans.htmlGood luck!