A type of loan that provides borrower's with a second opportunity at mortgage financing to improve their credit rating. The object of a second chance loan is to allow the borrower to make timely payment thus improving their credit score and eventually refinancing the mortgage at a lower interest rate. A second chance loan is considered a subprime loan due to the fact that it carries a very high interest rate.
Related information about second chance loan:
- Second Chance Loans - Tarrant County Credit Union
If you have impaired credit, we offer a 12-month, Second Chance Loan to help you rebuild good credit. This is a Share Secured Loan, which will help you ...
- Second Chance Loan Definition | Investopedia
A type of loan associated with subprime lending and borrowers with a tainted credit history. Second chance loans offer a borrower a chance to rebuild their credit ...
- Piedmont Advantage Credit Union (Loans/Second Chance Loans)
Start rebuilding your credit with a Second Chance loan from Piedmont Advantage Credit Union. Call 1-800-433-7228 to speak with a loan professional.
- Second Chance Home Loan - Starboard Financial Sites
“Now, There is a Better Way to Take Advantage of Today's Low Prices and Own Instead of Rent with a Second Chance Loan from Starboard Financial” ...
- What is second chance loan? definition and meaning
Definition of second chance loan: A type of loan that provides borrower's with a ... The object of a second chance loan is to allow the borrower to make timely ...
- DCU - Second Chance Car Loans customer reviews - product ...
It came to my mind on November 9th 7.55 AM to go for Second Chance Loan, By 8.30 AM my Loan including all the paper was done!. Amazingly and smoothly.
- Digital Federal Credit Union Second Chance Car Loans: questions ...
Is there any limit to how old a car can be to get a second chance loan? State: Massachusetts. Age: 45-54. DCU Member for: Less than 1 year. asked 1 year, 3 ...
- Loan Rates
Loan Rates. Auto and Auto Second Chance Loan Rates that include full Membership Rewards discount. Term in Months, Excellent, Good, Average, Fair / ...