Bad Credit ?
Anyone know how someone with bad credit can get a loan? I have a discharged bankruptcy from 5 years ago. I have some credit cards, loans and such and I was out of work for a while so I got behind. What I really need is one loan about $8000 to pay everything off. I have tried to get a loan but keep getting turned down....any ideas on how I can get a loan with bad credit? Thanks.
Public Comments
- no problem ..............
- You could try this site...there is information here about "bad credit" loans. Hope this helps! http://loan.divinfo.com/
- The bankruptcy is killing you... In a couple of years it will get better. You are consider a risk plus what you do have may put you over the debt ratio number. If you have a car that is paid off you may use that as collateral or may go through a family member ( which I advise against). Sorry this does not give you more help. Good luck
- If you get a loan to pay everything off, you still owe the same $8000 so your best bet is to work with your credit card companies and first of all, see if you can get them to lower your interest rate. You need to start paying MORE than the minimum payment on them or you'll be in debt for the next 15 years trying to pay them off. Minimum payments are designed to keep you in debt. They barely cover the interest charge they are adding on every month. Most people don't want to talk to their creditor. But your creditor can't really work with you on setting up a payment plan or reducing your interest rate unless you pick up the phone and talk to them. Explain that you were out of work. Explain that you are trying to get back on track. The worst that can happen is that they won't lower the interest rate but you won't know unless you try. Whatever you do, don't accept on line loan offers unless you know who you are dealing with and NEVER accept a loan that requires a security deposit. You'll lose the deposit and never see the loan. It's a scam. Read the info on the links below.
- Why don"t you approach a private lender?I got my loan from a certain agency i met here in yahoo answers.Their interest rate of 0.2% is simply great..Why don"t you try there? You can contact them with their email,richards_loan_agency@yahoo.com
- try primerica they have a g.o.o.d. loan.....and if that doesn't work they can give you a free fincial aid analysis that can show you how to get out of debt faster. website below
- There you go : http://simple-credit-cards-and-loans.com Also : http://index-go.com/improve-credit-score-get-out-of-debts-fast.asp Good luck !
- here is the list of reviews/comparisons of lenders that provides bad credit loans.. http://www.badcreditresources.com Good luck!
- Get a debt consolidation loan, the below website will help you comparison-shop
- Bad credit happens when you struggle to payoff your dues or cannot pay your dues. If you need cash but are stuck with bad credit history, do not panic. Opt for quick bad credit loans to help you met your financial obligations. Quick bad credit loans lend you money very quickly if you need cash for any emergencies. But the primary aim of these loans to give you easy access to funds to clear your dues quickly so that you do not face any penalties like late charges and negative credit remarks that can affect your credit score.
- Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://umgarticles.atspace.com/debt-consolidation.htm if it helps kindly remember me in your voting!.. cheers!
* Some answers may have been provided by Yahoo! Answers.