Anyone know of legit bad credit personal loans?
I am going through a divorce and my credit is completely demolished. I have entered a debt management program and have paid on time every month for about 4 months. I have had to move and in addition to the expenses of moving, Washington Mutual put a hold on my cash deposit and bounced my first month's rent and security deposit checks. I've had to pay outrageous fees, and I am looking for a small personal loan to get back on my feet. I have SERIOUSLY bad credit, but I have been at my job for over 2 years. I am scared of getting ripped off by scammers (Preston Financial group wanted $940 up front wired to them). (I already tried Project Payday. I wound up losing more than I made.)
Public Comments
- try going to another reputible bank to get a personal loan, although if your credit is as bad as you say it will have an enormous interest rate so try to pay it back as soon as you can
- If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a fresh loan. But you should be meeting some conditions laid down by the lenders. Loans for bad credit people are in fact easier to get then they were ever before, thanks mainly to cut-throat competition amongst the lenders. Lenders are giving loans to the bad credit people who have late payments, payment defaults, arrears, county court judgments or any credit problems. These loans are available for any purpose like home improvements, purchasing a new or used car of your choice, for wedding and holiday tour, debt consolidation or for paying child’s tuition fees. http://loan--house.blogspot.com/2008/03/bad-credit-loans.html Every lender in approving loans surely likes to see if the bad credit borrower has sufficient capacity to repay the loan in timely manner. If the borrower earns well, has regular bank balance, has been an employee for some years and has a convincing loan repayment plan in place, then the lenders do not usually hesitate much. So ensure that you have adequate repaying capacity before applying for a loan. Also, you should first check your credit report for any errors. If your credit score is too low then you would be charged a very high rate of interest. So it is advisable to first pay off some easy debts to improved credit score and then you should apply for loan at better rates. http://badcreditloans.50webs.org/badcreditloans.html
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