Bad credit loan.?
I am looking for a legitimate lender for people with bad credit. I pay all my bills, but I have things in my past that I would like to pay off that are killing my credit report. Anybody have any suggestions?
Public Comments
- Which country are you in? That would better help to answer your question.
- If you have a lot of bad debts on your credit report, then you may wish to reconsider getting a loan. The rate would be very high if you were approved, unless your credit score has rebounded enough through your other positive credit accounts. The best way to approach it is to look for debts that you can pay off with only one or two payments. You especially want to focus on the newer debts. Leave the older ones for last. Frequently, by the time you get to the older debts, they are about to fall off of your credit report anyways. The catch is that you have to be weary of any collector that you think may be willing to pursue a judgment. If you have one with a relatively high balance, then that debt may be more likely to be pursued in court.
- There may be something of use here.
- You should ask for pay-for-deletions once you get the financing or cash to pay off delinquent and charged-off loans. Please refer to the form letter below for additional information. Please be sure to send all communique to collection agencies and creditors via CERTIFIED mail. Regular mail does not protect your legal rights.
- Go to www.prosper.com I had the same problem and I got a loan from them. Good Luck!
- You are not alone. Bad credit can be corrected through timely payments and a bit of work on the old items. Many of these debts can be negotiated to half of the original balance. There are may programs available for people like yourself who have had problems but have a sense of responsibility and have corrected the situation that caused it. I work with people to help them understand how the scores impact them and what to do to improve them. The ultimate goal is to help consumers set themselves up for success. Check out my blog for info on credit score management, mortgage and real estate.
* Some answers may have been provided by Yahoo! Answers.