How can I get a loan when I only get a small social security income?
Question by Maryam: How can I get a loan when I only get a small social security income?
I have been online for almost a week trying to get a small loan based on my income to no avail. Now all I get is spam mail. Is there help for me? I am a caregiver for an elderly uncle, before him, my mother until she passed. I am really strained and I need to catch up on my bill. Is there help for a person like myself who can only repay in small amounts and only once a month?
Best answer:
Answer by Judy
Sorry, but probably not. Personal unsecured loans are hard to get in the best of situations. A legit lender will want to be sure you can pay it back, and you can’t show that – if you had extra money, you wouldn’t be behind on your bills in the first place. There are plenty of scammers out there who will claim they’ll give you a loan, but then just scam you out of an “application fee” – you sound too smart to fall for that.
If you have a decent credit score, you could try a peer to peer lending site like prosper.com – they’re legit, but don’t get your hopes up for getting a loan there.
Is there any chance this uncle could help you, since you’re helping him?
Good luck.
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If I consolidate my student loan with a personal loan can I still write off the interest?
Question by MLE: If I consolidate my student loan with a personal loan can I still write off the interest?
I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?
Best answer:
Answer by bostonianinmo
Nope. It will no longer be a student loan then. You may be able to consolidate several student loans into another student loan at a better rate, but if you pay it off with a personal loan you’ll be left with a non-deductible personal loan.
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Categories: Loan Questions Tags: consolidate, interest, loan, Personal, still, Student, Write
Is it possible to get a poor credit loan for a car of my choice?
Question by ATLANTIS: Is it possible to get a poor credit loan for a car of my choice?
I want a specific car. I noticed with every poor credit auto loan lender they have to give you a car of their choice. How can I get what I want with a cosigner. I don’t want to be declined again.
Best answer:
Answer by jimmy d.
A “strong” co-signer will possibly help. If not, they pick the car and you pay 25% interest!
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What are good companies to getting a small loan?
Question by andre: What are good companies to getting a small loan?
I have high risk credit, 551 to be exact. And I was wondering what is a good company to getting a small loan for people with bad credit? At the most, 1,000 dollars. My credit is slowly on the incline, but I need a small loan, and most places won’t even look my way because of my low credit score.
Best answer:
Answer by ***
Probably slim to none. You may find a loan company willing to do it, but your interest rate is going to be sky high. I’d rethink the “need” for the thousand bucks.
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How do you get a Payday Advance loan?
Question by Top Notch: How do you get a Payday Advance loan?
I had lost my job a couple of months ago due to budget layoffs and times have been hard but I just recently got a really good job. The things is I have a electricity bill that has to be paid in a couple of days or it gets turned off but my first payday isn’t for a week so I was wondering how do I get a payday advance? Do I have to have good credit?I live in Bakersfield, Ca if that matters.
Best answer:
Answer by CatDad
If you have no other choice, then get one locally in your home city. There are several such places in Bakersfield:
http://maps.google.com/maps?hl=en&safe=off&bav=on.2,or.r_gc.r_pw.&um=1&ie=UTF-8&q=payday+loans+Bakersfield&fb=1&gl=us&hq=payday+loans&hnear=0x80ea6bc8b994cb0d:0x59360c0998fe74c8,Bakersfield,+CA&ei=DtjZTeq5KNGctwfFkd3oDg&sa=X&oi=local_group&ct=image&resnum=3&ved=0CAQQtgMwAg
You don’t need good credit to get a payday loan….just a checking account and a job.
Your first choice should be to sell any valuables to get money…as hard as that might be…or borrow from friends or family.
Payday loans are horrible and if you can’t repay it in full within a month, you could fall into a financial trap that can be hard to get out of.
Stay away from online cash advance places.
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Categories: Loan Questions Tags: Advance, loan, Payday
How much does a small used auto loan impact my credit?
Question by beetle1283: How much does a small used auto loan impact my credit?
I am about to buy a 2003 Honda Civic from my uncle for approximately $ 10,000. I had intentions of putting down 5,000 or 6,500 dollars (depending on what I sell my current car for) and take out a small auto loan for the remaing 3,500 or 5,000 for about 36 months.
The rates I am finding are not as good as I would have hoped, through no fault of my own. I am 24 and haven’t done anything that would have given me bad credit. I pay back all my bills and whatnot.
Am I better off just buying the car outright (I can afford it) or taking out a loan for the sake of taking out a loan. I’ve heard a few times that a small loan really helps your credit.
So put down 5,000, take out the 5,000 loan amount, put 5,000 in a savings account and let the loan cycle? What does that mean.
Best answer:
Answer by P J
Put the money to pay off the loan in a savings account, get the loan let it cycle about 6 months then pay the balance off. This gives you a payment history although you will pay a bit of interest it will be a good trade line.
Also initially your score will take a 5-7 point hit for the credit report when getting the loan, rebounds rapidly!
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Q&A: How can you go about getting a personal loan from a bank? What collateral do you usually need?
Question by Mike D!: How can you go about getting a personal loan from a bank? What collateral do you usually need?
I will probably need to replace my car soon, but I don’t know that I want a traditional car loan because it would require having more insurance, and thus be rather expensive for me. (It’d be about double for me, as I don’t have a spotless driving record). I was wondering if instead I could get a personal loan from the bank, say in the neighborhood of $ 3-5K and use that for a car thus saving me a bunch of money by not needing collision coverage if I could pay for the car in cash.
Now the questions … is this possible, or is there usually some stipulation that you can’t use a personal loan for a car? What sort of collateral do you usually need for a personal loan? If you have good credit, can you get one w/out collateral? Any info would be greatly appreciated! Thanks!
Best answer:
Answer by WhiteWolf359
I don’t know what state you live in, but in Florida you are required to have collision insurance for at least $ 10,000, even if you own your car. As to personal loans, yes, if you have good credit, you can usually get one with no collateral. Just explain to the bank that you want the money to purchase a new car, and arrange a repayment schedule based on your current income. Most banks will do that.
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Categories: Loan Questions Tags: About, bank, collateral, from, Getting, loan, Need, Personal, usually
How and where can I get a small loan with extremely bad credit?
Question by John W: How and where can I get a small loan with extremely bad credit?
How and where can I get a small loan with extremely bad credit?
I need to pay off $ 15,000 of delinquent bills. But my credit rating is probably less than 500. I don’t know for sure, but it is not good.
I need a small loan to pay off my bills. I just want them all consolidated.
The VA will not give me a loan, all they can do is co-sign a HOME LOAN, not a small loan for little things.
What can I do now?
Best answer:
Answer by longershot97
Have you heard about bad credit personal loans? Such loans are getting a lot of popularity these days. This is the perfect destination to know what a bad credit personal loan is?
You want to carry out home improvement or planning to buy a car or planning a romantic holiday with your spouse, but worried about your bad credit score because of which you might not get the personal loans. A credit score plays a vital role to secure personal loans. But this is not the end of the road. There is definitely a way out of this situation. Thanks to bad credit personal loans that are provided by many moneylenders in U.S. Isn’t this great news?
http://www.creditloan.com/bad-credit-personal-loans/
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Categories: Loan Questions Tags: Credit, extremely, loan, Small
Bad Credit Question?
Question by msuewill23: Bad credit?
I apparently have REALLY bad credit. My lease is up at my apartment and I am looking to move. I put in an application for an apartment today and was denied because of my credit. I have never had a problem getting an apartment before, I have lived on my own in apt’s for 5 years and never paid rent late, never broken a lease, and never left damages. I make $ 36,000/year and could not get approved for a $ 650/month apt. I have been at my job for 6 years, and I am 24. Is this right? Should I keep looking? I don’t want to keep paying application fees if I am not going to get approved. I live in Houston.
Best answer:
Answer by Mike
Did you pull your credit report to see what is on there?
Did you pay credit cards or other loans late?
You can see your report for free at http://www.annualcreditreport.com
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Categories: Loan Questions Tags: Credit
How and Where do i go to repay my federal perkins loan?
Question by Patrick B: How and Where do i go to repay my federal perkins loan?
Although i know how to pay back my stafford loan, I am very confused about how and where to go to repay perkins loan. Is my college the lender of the perkins loan? If so, then do i just call up my school’s financial aid office? Please help!
Best answer:
Answer by NotAnyoneYouKnow
Your college is (or was) the lender, but it’s unlikely that they’re going to handle the repayment. Chances are that they have contracted with a loan servicing company to administer the loan during your repayment obligation.
When you leave school (or when you left school), you were required to complete a financial aid “exit interview”. The point of that interview was to explain your payment obligations, and to introduce you to the loan servicing company that would coordinate your repayment. That company will send you some sort of monthly payment “reminder” – probably in the form of a coupon book that you would use to make your payment each month.
If you haven’t left school yet, then relax – your first Perkins loan payment isn’t due until you’ve been out of school for 9 months.
If you have left school, and you just haven’t been contacted yet, then you could certainly call your financial aid office and ask them for more information about the loan servicing company that will be getting in touch with you.
I hope this helps – good luck!
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Categories: Loan Questions Tags: federal, loan, perkins, repay