Installment loans for people on disability with bad credit?
Question by Ellie Mae: Installment loans for people on disability with bad credit?
on social security disability and need a loan of about $ 2000. able to pay on monthly basis for installment loan, not payday loan.
Best answer:
Answer by gosam777
Your problem is lenders cannot garnish or seize government assistance money. Lenders need a guarantee if you default, they can recover at least some of their money. Since they cannot take SS money, they have no way to recover it, and won’t lend it out. Unless you have some collateral, a car with free title, electronics, furniture, something of value you can use as security, you won’t find anyone.
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Go to your credit union and discuss the need there. Credit unions are more flexible.