Terms like “subprime Lending” or “bad credit” tend to scare borrowers, although they shouldn’t. There are many factors that negatively affect FICO scores and other loan rankings, some of which are common and predictable.
A great example of this is limited debt experience. Another one is excessive debt. We at BridgeLoans Brooklyn deal with these and countless other situations on a regular basis. Every client has a story to tell, and bad debt in the loan industry is as plentiful as the air we breathe.
Bad credit loans are not hard to secure. However, locking in the best rate can be tricky. The best advice for anyone in need of a bad loan is to find a good broker.
Remember that it isn’t so much about your history as it is about who your broker is. This may seem counterintuitive, but the proof is in the putting. You won’t know until you try.
Bridge Loans Brooklyn is a one stop shop that does not limit itself to bad credit loans. We specialize in commercial loans, private mortgage money loans, short term mortgages and much more.
Headquartered in Brooklyn, and working with clients in Manhattan, the Bronx, Queens and Staten Island, we consider New York City our backyard. But we aren’t limited geographically, nor should you be.
Give us a call anytime.
928 51th st
Brooklyn, NY 11219