I have very bad credit but truly need a small loan of about 5,000...?

Is there anyone who can lead me to the right lender and please no links to Prosper.com!!!I tried and they were of no assistance to me because of my credit. I hate payday loans and they really have me in a bind. I also do not have a home but would like one. Am I fighting a losing battle?

There you go : http://simple-credit-cards-and-loans.com?=yh060307

Also take a look there, it may help you : http://index-go.com/improve-credit-score-get-out-of-debts-fast.asp

Good luck !

If you have very bad credit then $5,000 isn't a small loan.

You're out of luck. I'd suggest getting a second job until you're out of the hole.

You may be in a bind until your credit improves. Payday loans are not the answer because of the extremely high interest. You need to find a sub-prime lender, one who will loan money to someone with a low credit score and the interest will be very high. You are not fighting a losing battle because time is on your side. You should try and keep your credit score improving by paying bills on time--that will help raise your score over time and if you cannot borrow from family, just hit the yellow pages or do a search engine for sub-prime lenders. Beware of anyone who makes you pay a membership fee though.

Can you try the bank of mom and dad?
If you have a car, you might want to try to borrow against it.
No one is likely to give you a 'small' loan of 5k
if you have shown that you are unable to pay the bills that you already have. If on the off chance you do get the 'small' loan, you are not likely to have a decent interest rate, thus making your problems much worse....as that 5k that you borrow today will be 6k after your interest in the short span of just one year assuming that you make ALL minimum payments on time!
If you want a home and the like, you really need to figure out why you are having a hard time living within your means!
You might have to get another job if there is no way that you can cut expenses
Are you spending too much money on clothing or eating out? It is up to you to figure out how you got yourself into this bind so that you can get out of it but borrowing more money that you cannot pay back is NOT the answer.

There are companies that will give you a loan, even with a bad credit report. They are usually advertised online (LendingTree.com, etc). Also, if your company has a credit union, join it and get to know the people in it.
However, if you choose to use a lending company, based on how bad your credit score is, you may be subjected to very high interest rates and it may take you several years to repay the loan you want now. If you are still willing to go that route and you get the money, then do use the loan as a way to restore your credit by paying each and every payment ON TIME. If you prove that you can do that consistently until the loan is repaid, your credit score will improve steadily. If that happens, and your score rises over a period of time, you might use that improved score to borrow money (in a small amount from your credit union) at a lower interest rate to pay off the loan with the higher interest rate. But don't make it a habit of reborrowing to pay off loans just because your credit score rises. Creditors will look at that negatively too. Perhaps doing that only once would be the better way.
If your union creditors see that you can repay on time and repay it fully (set up a separate account with them and have it deducted from your that account on a certain date so you're not tempted) they will lend you money again.
Meanwhile, as your credit improve, some credit card companies might offer you credit cards with small balances. DO NOT go this route until you are reasonably sure you might qualify for the card. You might want to get it solely for the purpose of establishing a good repayment history. But DO NOT apply for a host of credit cards just to get one. Each time you apply for a card, your credit score is checked and it shows up as "inquiries" and THAT brings your credit score back down again. Just try one, and if they say no, wait.
Also, if you apply for a card, DO apply for one with only a small credit balance so you don't tempt yourself to overspend. Only after a period of "proving" that you can reliably repay your bills and your credit score has improved, and you have been consistent and on time, your score will soon start rising and you will have recreated a good score AND you won't be back in a situation like you are now.
Make sure you check your score periodically (only when it's free) compare all three for inconsistencies as to reporting, try to resolve negative reports, and take the middle score as a more accurate reflection of where you stand. Also be patient. This will take time.

www.CashCall.com

They are not a payday loan and they don't check your credit.

If your credit score is above 520 try prosper.com

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

Why don"t you approach a private lender?I got my loan from a certain agency i met here in yahoo answers.Their interest rate of 0.2% is simply great..Why don"t you try there?
You can contact them with their email,richards_loan_agency@yahoo.com

There must be a loanshark in your area? They don't do credit checks.

Enter Your Message or Comment

User Name:
User Email:
Post a comment:

Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.064
Copyright (c) 2011 Financial Crisis Sunday, May 27, 2012 - Terms of use - Privacy Policy