Laura
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About the only thing that bad credit won't hurt as far as a loan goes is an equity loan on a house. The house has the value not the person being loaned the money. Without equity you may be SOL.......Sorry, that's all I can think of..... |
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Reaper King
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depending on your LTV probably not. since you just recently became a home owner, would be hard, but not impossible, to get a lien against your house or even a 2nd mortgage. need to know what you paid for the house as opposed to how much it's worth. that is what will determine if you can get a loan or not. |
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cory c
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There are lots of lenders interested in lending money right now. Just go to a search engine and type "personal loan" and compare to see what works best for you. Make sure to read the fine print. For more financial advice, check out my website at http://www.easymoneyadvice.com
Thanks
Cory |
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monky
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before you can borrow the money, go see a consumer debt conselor and see if your bills can be consolidated...sometimes piling the bills in one pile can lower then amount of money you owe at one time. you have to built a tract record to some months, then retry for the loan. |
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Tim B
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You need a sugar daddy. |
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Michael W
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It's been said before, but unless your "bills" are credit card debt you're in trouble. It's very hard to borrow your way out of debt.
If your "bills" are charging you interest, consolidate them into one "bill" with the lowest interest rate and work (very hard) to pay it off.
Good luck. |
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s t
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this is difficult.very difficult -- no. one try to rent part of the house so you can create some cash flow i.e. more income. a lender would like to see that you have the means to re-pay. otherwise a second mortgage on the house is an option. higher interest rate. last but least...a reverse mortgage if you can do that...they will buy the first
mortgage from you and give you some money if you are 60 or 65 over..hope it helps. good. luck |
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Jill
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Well you could start hookin, or join the mob... seriously though selling drugs is the way to go. |
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horseknickers
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i don`t think you can but may be get second mortage you can get. |
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kthor
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You can call some Mortgage Brokers for a hard loan..depending on how bad your credit is, rates could be from 10% to 12% sometimes more..http://deal-save-online.com/bad-credit-loans.html |
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irishnd71
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Don't get a loan if you already have bad credit. Loans will only make it worse. |
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STACIANNA
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There are many loan products out there to assist you with your situation, but that is not the quick fix. I agree that you need to speak to someone regarding budgeting your money and set some financial goals so that you don't get yourself into this situation again. The loan is a good idea, but you need to be careful not to over extend your position with the house as well. Did you put any money down when you bought the house. What is the current appraised value? Can you benefit from the appraised value at this time? (Meaning has it been at least 6 months since you closed) Are you in a market that real estate value are increasing greatly or stagnant? Also, what do you mean by "bad credit"? Are you not paying your bills on time? Have you been late on the house? Many sub-prime companies will do the loan even with some dings on your pay history, but good mortgage pay history is a must with equity loans. They will even go up to 125% of LTV, but only if it improves your bottom line commitment with your monthly bills significantly. Take your time, do some research, and evaluate your spending habits. Don't rush into a decision. There are lots of questions you need to be asking a lending professional as well as yourself so write these down. As I said, this is not a quick fix. |
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professor_not_Mr.Howell
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prosper.com |
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Terry
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You can borrow against the amount of the home own - the equity. If you don't have any equity, you can't borrow against the house. That would be the only way to get a reasonable loan in your situation. Check with your mortgage broker whether you can get a loan on your home equity. |
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dutch_luvs69
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YOURCHANCES ARE ZERO , NONE , NYET , NONE AND GOOSE EGG.BAD CREDIT COMES BACK TO HAUNT PEOPLE AND THIS IS ANOTHER CLASSIC CASE FOLKS . |
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tobadforus
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is this you to |
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TJMiler
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You could try refinancing. You can often get extra money to help with home repairs that way. Try United Financial Mortgage. |
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Paul s
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Stop DIGGING! You need to get control of your finances. Your poor credit and High LTV will only qualify you for a high rate. Increase your income and pay your bills ontime to increae your credit rating. Yes work 2 or 3 jobs if you have to. Get out of debt not into more. |
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Good♥Gyrl
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You might not have enough equity yet, or depending on how much you paid for your house, the appraised value would have to be enough to get a loan that big, on TOP of what you owe already. Try Ditech or Red Brick Mortgage (they have web sites). Also, check Countrywide...these are ones I know of that have helped people I know. Be prepared for the higher interest rates, and always compare, since you'd be doing a debt TRANSFER, not elimination, to make sure you're not going to end up paying more. Unfortunately, sometimes you can get more pressure alleviated with a second job. |
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channie4808
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If you have not spoken with a mortgage broker you should do so and just see what they can help you with. I dont know what state you are in, I am a broker but am only licensed to do loans in CO and WY. If by some strange chance you are in either of those two states my website is www.denverdm.com and ask for Chandra. Good luck! |
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crush_velvet2001
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file chapter 11 bankruptcy. that is your very best bet. that way you only have to pay off a percentage of your debt and you keep your house. that will put you on a payment plan. other than that a 2nd mortgage is your only option. |
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enginerd
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borrowing more money is unlikely to help
you will still owe just as much money as you do now
just to a different lender
the only way to get out of debt is to stop borrowing money and start paying people back
pick your worst loan with the highest interest rate
spend as little money as you can stand and put all you can (hopefully twice or more the monthly payment) toward paying off that worst bill
when you get it knocked off, you will have even more money to attack the next worse debt
borrowing is what got you in trouble
NOT borrowing is the way out |
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Stuart
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Look. You owe money. You have bad credit. You are apparently having difficulty paying your current bills.
As a lender, I'm thinking, "Hm. What's the liklihood that I'd get my money back, even if I wasn't worried about making some profit.?"
Considering that you have demonstrated that you don't pay your debts on time...or at all (not sure how bad your credit is), and considering that you are planning to use a structure in need of repair as equity, my gut feeling is that you're in way too deep.
My response to a loan request from an applicant like you would be no. I'd be interested in discussing entering into a financial arrangement with you after you've cleared your current obligations, and have demonstrated a steady pace of financial responsibility. Until then...no. |
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vinlunney
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you need to consolidate your debt, you'll be paying a lot less.
Vin |
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newyorkgal71
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First, ask friends and family. |
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psycmikev
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Look into either a home equity loan or refinance your current mortgage. Either is possible even with bad credit, so long as the value of the house will support it. For example, if your house is worth $80,000 but you only owe $60,000 you can borrow about $15,000 with no problems, or you can get a new mortgage for the full 80, pay off the old and have $20,000 for bills, and a fresh start. Good luck. |
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th1gurl23
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home equity loan... every bank has one. Just go to your bank and ask |
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Lisa J
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you are not specific on what "bills" you want to pay off--if you have numerous credit card bills, consider consolidating them onto the one with the lowest interest rate--this will allow you to pay just one sum with a low rate---
if you get a loan, you will be in more trouble cause you will also have to pay THAT off and a loan my not guarantee a lower interest rate than if you consolidate your credit cards.. |
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Sarah
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I found a solution that worked for me. It might work for you too.
I had some pretty serious credit problems…some were not my fault and, I guess, a few were. I listened to the so-called “experts” who said they could fix my credit report and I spent money I didn’t have. I didn’t have any luck trying to get my credit report fixed.
I remember paying for the services that these Credit Repair Companies had to offer. The companies told me that they could have negative items removed from my credit reports without any problem, Yeah, right. This did not happen at all. Most of the companies wanted to charge me a set up fee anywhere from $39 to $299 for their services. Not only did they charge this set up fee, most of them also wanted to charge me from $29 to $49 monthly while they “attempted” to repair my credit report. These companies offered no guarantee that their services would actually work and, believe me, they didn’t.
I was about ready to give up when I found a lady who had been through the same thing and who had found a solution. She figured out how get all the negative items removed from her credit report within 3 months without paying anyone a penny. She developed a fast, easy, step-by-step process that she guarantees will work for everyone. She sells the complete plan with all the help and instructions for $47.00.
I know what you are thinking…”another $47 down the drain,” and that’s kind of what I was thinking too. But, I figured that since she offers a 100% money back guarantee I had nothing to lose.
Well, I tried it and it was amazing. I got all of the negative items removed from my credit report and my credit score went from 553 to 715 in only 3 months. All I can say is that it worked great for me. I suggest you check it out. You can always get your money back if it doesn’t work for you. If it works even half as well for you as it did for me you will never even think about asking for a refund.
The information is on this site: http://clean-credit-secrets.com/ |
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TheOracleAtDelphi
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go to a bank. |
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bluealt
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Try a bill consolidation. |
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