I already picked up a second and third job, but getting a personal loan will help me consolidate these debts and make it easier to pay off. I have a motorcycle to put up for a secured loan but not sure of where to go even for that. My credit score is 510 and I need about a 5-7 k loan. Any help in where to go?????
7 Responses to “I Have Horrible Credit, But Need A Personal Loan To Get Me Back On Track. Noone Will Finance Me, Any Ideas?”
Try the bank at which you have your checking account. The
rate will be very high for a personal loan, but they are the only ones who “know” you. And at that, your bank may not take the risk.
-MM
SELL THE MOTORCYCLE and buy a bike. You will have cash in hand, less insurance and upkeep. And you will not be paying interest on yet another debt. You can walk and ride buses and save a ton of money.
Try consumer debt intervention (CDI) based in Arizona. You can even check them out at the better business website. They don’t offer you a loan but rather take all your debts, what you make and put them all together. They set up payment arragments with your bills… you pay them every month and they divide the payment for each bill. Takes about a week or so to get going and their fees are spead out through your first 10 payments.
beware of people on here trying to offer you money. giving out your social security number an address, any personal info to someone you don’t know can lead to identity theft, please be careful.
Use a bank if you are trying to get a loan. A bank you can physically walk into. Or if you are able to borrow money from Family that may be a better route, you know where the $$ is coming from and if you decide to pay your family back with interest, it will be far less than what a bank or any other institution would charge you.
** HEY THERE.. just looking at some of these people offering a loan to you, they are not even in the United States, never ever ever borrow money from an “internet” thing like this, if your credit is bad now, these people can just take everything away from you… please be careful ! **
Try to find someone with good credit that will co-sign with you on the loan.
Taking out a new loan will not get you “back on track”. Your credit score will go up (slowly) as you make payments on your current obligations.
Some advice I hear on TV all the time, borrow some money so you can get out of debt. Think about the logic of all this.