Personal loan for someone with horrible credit?
Brileigh asked:
I know people have asked this before, but I have horrible credit and I need a personal loan ASAP. I have creditors hounding me day and night and I need to just pay them off so they’ll leave me alone, they dont give me any other choice but to pay it off all at once…I need about 3,000 dollars by the end of the week
know people have asked this before, but I have horrible credit and I need a personal loan ASAP. I have creditors hounding me day and night and I need to just pay them off so they’ll leave me alone, they dont give me any other choice but to pay it off all at once…I need about 3,000 dollars by the end of the week
I dont have the money to pay any up front fees or anything like that either…I’m broke until next week when I get paid
like I said, I dont have the money for an up front fees and my score is too low for prosper…I’m desperate, I dont know what else to do
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I know people have asked this before, but I have horrible credit and I need a personal loan ASAP. I have creditors hounding me day and night and I need to just pay them off so they’ll leave me alone, they dont give me any other choice but to pay it off all at once…I need about 3,000 dollars by the end of the week
know people have asked this before, but I have horrible credit and I need a personal loan ASAP. I have creditors hounding me day and night and I need to just pay them off so they’ll leave me alone, they dont give me any other choice but to pay it off all at once…I need about 3,000 dollars by the end of the week
I dont have the money to pay any up front fees or anything like that either…I’m broke until next week when I get paid
like I said, I dont have the money for an up front fees and my score is too low for prosper…I’m desperate, I dont know what else to do
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Tags: Money, Personal Credit, Personal Loan
April 23rd, 2009 at 5:27 am
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Try calling Consumer Credit Counseling or similar organizations. They can work with you and your creditors to develop a plan to pay off your debts.
April 24th, 2009 at 11:14 am
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Why would you think this will solve your problem? You can’t borrow your way out of debt.
Obviously, you have difficulties paying your obligations. This doesn’t make you a “bad person”, just a bad credit risk.
Contact your creditors, make reasonable arrangements to pay them and live up to your arrangements. Swear off any future debt or credit, as it doesn’t bode well for you.
April 24th, 2009 at 12:05 pm
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Actually, you dont have to pay it off all at once. I had bad credit too. I owed about the same amount you do now. but in the end, i only had to pay about 50% of the amount the creditors were after. They even let me do payments.
If you tell them you dont have money at all, they will definitely settle on a reasonable amount. I told them what i can afford, and when. And they worked out a decent monthly plan. But make sure you stick to that monthly plan, and if there’s any reason why you cant make the payment on the day you specified, call them and let them know. Otherwise, they will change the owed amount back to what it originally was, and charge interest.
April 26th, 2009 at 4:11 pm
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If I get a penny for everytime I read or hear a story like yours, I would be richer than the yahoo founders today. I use the yahoo founders in my statement because I am using their site now.
April 26th, 2009 at 4:14 pm
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Normally these loans are more expensive than those offered to borrowers with good credit. The interest rates are higher because the lender bears higher risk. Adverse credit loans have more stringent repayment criteria than normal loans. Skip one payment on a bad credit loan and your rate will rise and you may even have to face a foreclosure.
April 28th, 2009 at 12:06 pm
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Today the lenders have started offering nearly all varieties of loans for people with poor credit record.They are also introducing many new loan products meant for this group. Now people with poor credit can get the same choices as those with the good or mediocre credit. Today you can use bad credit personal loans for many purposes like car purchase, vacation or even debt consolidation.
But if you have some assets to offer as collateral, your chances brighten. The primary reason why people with poor credit history do not get loans is because the lenders are scared that the borrowers will default again. But if you can offer collateral, your lender is secure in the knowledge that his money is in safe hands. You have to try and meet the repayment schedule, failing which you lose the asset.
April 30th, 2009 at 5:40 am
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Go to a small loan company bring in copies of your bills, proof of income and they will tell you what they can do for you! kr
Good Luck!
May 2nd, 2009 at 1:53 am
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If you have a poor credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with poor credit score.Check out link for details.