Where can a person with bad credit get a relatively small loan?
Question by Neal R: Where can a person with bad credit get a relatively small loan?
I had to take out a couple of payday loans for an emergency and now they are drowning me. If I could get an installment loan for $ 1500 or so I could get back on track. Does anyone have any ideas?
Best answer:
Answer by SDD
You can try one of the peer-to-peer lending groups like Prosper. Without knowing anything else, I can’t say what the odds are, but it wouldn’t hurt to try.
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Sorry to burst your bubble but how can taking out more debt help you pay your existing debt. You can’t use a loan to pay off another one!
You have two options- one is get another loan at better rates and work to pay that off but it sounds like that would be difficult- not only in obtaining but also in paying off.
How about a second job? May be rough for a bit but at least you will get on your feet financially, and , if you are like me, you would rather over work than over worry!
Claudia
http://www.independentmerchantservices.com
Borrowing money and not being able to pay it back has gotten you into this mess. (sorry to sound crabby, but it’s true). Don’t kid yourself that you can borrow again and get out of it.
Go ‘cash’ for several months; no credit cards. And bend hard to free up cash and get those two payday loans paid off – extra hours at work, sell stuff at a garage sale, cut waaaay back on optional expenses including cable TV, cell phone, vices like beer/cigarettes/lattes.
Once you’re out of the hole, put aside $ 1000 in something like a money market account. This is your emergency pad. It prevents future emergencies from becoming two emergencies just as this last one has.
DO NOT GO TO ANYWHERE WHERE THEY CHARGE INTEREST!!!!!!!!!!!!!!!! i have seen so many people on that show, you know the one where people have money problems so they call in this woman who will give them $ 5000 if they complete the tasks she gives them, and they have done that and got so far into debt because of places like money bank. i suggest you ask a few friends or your parents or siblings. they don’t charge interest. but remember you still have to pay them back!
I got a small loan from the mafia once. But I wouldn’t recommend it.
try family or friends for the loan with no intrest (they wont anywawy) all i got and where you from becasue it depends
no. you took out payday loans which are supposed to help you pay your other bills right? and now you need a loan to pay off those loans? wow….