Question: How are you all?
Some brief background info: I already did not have a good credit history, but on top of that I have been a victim of identity theft/fraud over the past 2 months. I rent a place. Income is $21K gross. I applied for a Line of Credit with a regional bank Maryland Bank and it was rejected. Now I am looking for a loan of $2,000. The reason I need a loan is to help me get back on track with my living situation. I’m in this problem because of theft (some of it cash) which caused all sorts of chain reactions. Also my roommate, whose ‘friend’’s names was on some of the checks is refusing to pay her half of the bills.
Now my question is, what is the best strategy to reapply right away? Does it matter whether I apply at the same bank or a different one? Will a good friend co-signing help? She’s my age and our combined income would be 35K + net or about 50 K gross (do you use net or gross income when applying for a loan?). What sorts of places are lenient with credit loans?
I’m just not in a good situation at all.
Answer: The loan amount I’m asking for is $2,000. Thing is I need it RIGHT NOW. To cover August expenses, and get utilities back up to current. In reality I only need a little more than $1,000 but I’ll use the rest to start paying back the loan monthly or in whatever increments.
I’m still unclear as to wether to report gross income or net income when applying for loans.
Thanks for your response,
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