Comments on: I need a personal loan but I have almost bad credit. Any suggestions on who I should go to?

By: Gary H

Gary H — Mon, 15 Sep 2008 12:22:50 +0000

There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

By: JLB

JLB — Sat, 13 Sep 2008 12:32:20 +0000

If you get a leg. loan, you will be paying subprime interest rates. That’s the cost of having less than good credit, sadly. But be careful, your questions opens you up to a lot of the loan scammers out there. You may even get some answers who sing the praises of this lender or that one. Don’t be deceived. Do not give them any personal information until you can verify who they are like verifiable business name, address, phone number. Also if they ask for any money upfront, run! They are loan scammers. It is illegal for any lender to ask for upfront money to obtain a loan. So be careful and check these private lenders out very carefully. See the Federal Trade Commission website and Crimes of Persuasion website for more info.

By: YayArea

YayArea — Fri, 12 Sep 2008 14:58:00 +0000

Dont believe anyone offering you the moon and the stars when it comes down to obtaining a loan with a low fico (bad credit).

This is how banks work. If you have a good track record they know you wont default so you get a lower % and the investors interested in this type of borrowers get a lower % of return because the borrower got a lower %. If you have a bad track record, banks know you are not very disciplined with your money so you are a riskier borrower. To make up for the risk you present to them they will charge you a higher % and that is where investors get their money because although they know it is a riskier investment they will get a higher return on their money.

My suggestion, learn about your credit and how you can improve it. Dont deal with anycompany claiming to repair your credit for 200-600 dollars.

Google this organization (non-profit) Consumer Credit Counseling Services in your area and they will be able to counsel you with your finances and your credit.

Good luck

By: Waylon K

Waylon K — Wed, 10 Sep 2008 13:16:37 +0000

Try going to this site, they have lots of information about this sort of stuff.

By: senthil k

senthil k — Sun, 07 Sep 2008 08:35:55 +0000

visit this site get ur personal loan any bad credit all the best

By: twv85171234

twv85171234 — Sun, 07 Sep 2008 06:26:25 +0000

Even though your credit may be bad, there is one website I found and maybe the only source to get a unsecured personal loan with a credit score as low as 520. A credit community website called prosper.com, which is a marketplace for credit that enables people to lend money to other people in a safe, efficient manner.

Prosper enables people to create groups, which borrowers can join and request 3-year, fully amortized loans from $1000 to $25,000. Borrowers can also indicate the maximum interest rate they are willing to pay, plus repay the full amount of the loan at any time and there are no early payment penalties.

By: jorge s

jorge s — Thu, 04 Sep 2008 05:53:10 +0000

well the problem is with your credit. If you really need the money you should try to pawn something with value and you don’t have to pay double the amount of what the loan you.

By: Missy

Missy — Thu, 04 Sep 2008 04:34:18 +0000

Maybe you could get a co-signer . That would help you.