actual bad credit loans experienced only please...?
i need a loan to consolidate my debt i'm young and had some bad situations and now my credit is EXTREMELY bad. i am talking under 400 kinda credit, yea.. that bad i have no cosigner and a main reason for the loan is to pay off all my debts so i don't have 12 creditors calling me 62 times a day each. that way i have one payment i don't want to go to the people who consolidate it for you. i want to get whatever credit i can still get from these creditors and have at least a few good remarks on my credit (it used to be great :( anyways, if i get a loan to pay my bills off i will have one payment thats it then i can register for my nursing classes but right now i cant afford 12 bills my rent and living along with school the amount i am looking for is just under 8000 if anyone knows of any companies that are legit that handle bad credit (under 400 type of bad) with no cosigner and bills behind on credit report, please help! the stress is getting to me. no idiotic answers please thanks.
Public Comments
- You can definitely search around online, but do you have a bank account currently? If so, check with that bank. You are the best person to get yourself out of debt, don't rely on companies that are only out to make profits off of you - do it yourself. If it means settling with the creditors, it's better than bankruptcy. Try transferring between cards if you can. I know someone has real bad credit and her score is in the mid 400's, and I'm talking real bad- upwards of about $65,000+ in debt and collections. Realize that hers in mid-400's, if YOURS is lower than 400 you may just want to consider bankruptcy and start over. This might not be a bad idea DEPENDING on the amount you owe, the income you foresee in the next 10 years, and most of all since you're young. But this is a last resort. Best of luck to you.
- I would suggest that you should contact a consolidation company as they are the experts and can best suggest you how to resolve your debts. Coz you have more debt. They would plan out your debt properly. As they contact the creditors and negotiate with them and can help you getting a loan if you want at a lower interest rate plus u would have to pay only one payment per month. Apart from that they also do settlements with your creditors. So in this way you can earn credits point in few years.Thus from my point of view this would be a best option for you. I know a company named ezconsolidation.com which provides all solution related to debt consolidation. Long back when I had faced debt consolidation problem I was referred to this company. You can try and contact them at the this add: http://www.ezconsolidation.com
- I too tell you to search online. I tell this because most people today are of bad credit. Knowing this situations lenders have designed a special type of loan that suits bad credit persons. Every lender will have a website and he would have given his terms in that. So by searching online you save a quite a lot of time, energy and money. I hope http://loan-guides.net will help you in finding a loan lender for bad credit.
* Some answers may have been provided by Yahoo! Answers.