Credit Repair Glossary
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"A" Loan (or "A" Paper)
Learn what “A” loans or “A” paper are. Here’s a hint—these loans are for people with excellent credit scores. If you have a bad credit score, don’t even think about this. The credit industry term used to describe a loan that reflects the best possible interest rate, terms and conditions. Consumers must demonstrate good credit in order to secure an “A” loan.
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“I had credit problems, and wasn't able to qualify for a regular bank loan or a credit card. Then, I ran into a financial emergency. I found out that I could take out a faxless payday loan quickly and get cash to cover my emergency. The good thing is the lender didn't need to pull my credit history, and I was approved easily.”Read More