I’m in extreme financial trouble and I need help I dont even know where to begin?
Question by Dawn: I’m in extreme financial trouble and I need help I dont even know where to begin?
I have lost my home had my wages garnished and I have 8 payday cash advances out from when my work dropped our hours for over a year. Please can some body help me o dont even know where to start
Best answer:
Answer by Bolt Thrower
Declare bankruptcy. It will hurt your credit rating but it seems like that’s your only option.
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Do Companies that give bad credit personal loans allowed to ask for a couple months payment up front?
Question by thinline: Do Companies that give bad credit personal loans allowed to ask for a couple months payment up front?
I applied for a bad credit perosnal loan online. A company called Birchmount Lending called stating i was approved for 5000.00, with monthyl payments of 224.54 for 2 years. But since my credit wasnt the best i would have to give them 4 payments upfront. Tell me what you think
Best answer:
Answer by ?
I think you need to tell them you’re not interested. Your interest rate will be so high. Legitimate loan companies don’t ask for money up front.
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Q&A: What can happen if i can’t pay back pay day loans?
Question by Tori Lynn: What can happen if i can’t pay back pay day loans?
I have 7 small pay day loans out and i’m unable to pay them right now. They have been calling me and leaving threatening messages. They have even called me at work. I don’t know what to do or what they can do to me? Can someone give me some advice on this?
Best answer:
Answer by spiritgide41
It sounds like you are a strong candidate for bankruptcy. If your condition allowed some way to recover, it would be different. From your description, I get the impression that this would not be possible. Bankruptcy will give you a fresh start, and I would not delay. I have been in the position many years ago, and been bankrupt; I understand the difficulty. I also rebuilt my life and now have top notch credit and am strongly financially secure. In some conditions bankruptcy is a new start, not the finale.
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It sounds like you are a strong candidate for bankruptcy. If your condition allowed some way to recover, it would be different. From your description, I get the impression that this would not be possible. Bankruptcy will give you a fresh start, and I would not delay. I have been in the position many years ago, and been bankrupt; I understand the difficulty. I also rebuilt my life and now have top notch credit and am strongly financially secure. In some conditions bankruptcy is a new start, not the finale.
Do you need an installment loan to maintain or build credit?
Question by AquaAngel: Do you need an installment loan to maintain or build credit?
By the end of this year, I will have all of my insallment loans paid off except for my mortgage. I have 2 credit cards that will be in good standing, low balances and all that. I want to build my credit to get the best rate I can to build a house in about 2 years. Am I going to need another installment loan on my credit report to have a good enough score? Or will the mortgage and credit cards suffice?
Best answer:
Answer by TheOnlyBeldin
Unless you have instances of defaulting or non-payment in your past, with the situation you describe, your credit should be good enough. Check your credit report for any errors.
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Categories: Loan Questions Tags: Build, Credit, enough, Installment, loan, maintain, Need, Question
Will the bank give you a small loan/check if a place doesn’t accept credit cards?
Question by Kid ‘Ney: Will the bank give you a small loan/check if a place doesn’t accept credit cards?
I want to pay for my apartment but the place I’m applying at won’t accept my credit card. Can I go to the bank for a small loan/check in order to make my payment? Also will the bank accept my credit card for payment?
Best answer:
Answer by funwithdouger
Get an advance on your credit card. you can do this at the bank or a bank machine. Then put that money in your bank account and write the check.
The bank would have a fee for writing up the loan and it’s a big haste. It’s much easier to raise the limit on your credit card.
Now write several credit card companies and ask for a lower interest rate. To get your business from another bank they will offer you a lower interest rate and do a balance transfer from the other credit card. They may even throw in a rate increase. Be carefull and don’t fall into to much credit card dept.
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Categories: Loan Questions Tags: accept, bank, Cards, Credit, doesn't, give, loan/check, Place, Small
Can you get a personal loan while in chexsystem?
Question by David: Can you get a personal loan while in chexsystem?
Six months ago I co signed a auto loan for my brother at a credit union with no problem. If I go back to the same credit union will they let me take a personal loan by myself. I have been in chexsystem for 4 years now and have since paid all my bills. I have a credit score of 771 and a employment history of 5 years and make 40-$ 50000 a year.
Best answer:
Answer by someone
Yes you may qualify at this point especially if you no longer owe a bank money
What might be the problem is that loan you co signed. The lender considers that amount owed as belonging to you and thus you no longer have enough income to repay 2 loans.
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Categories: Loan Questions Tags: chexsystem, loan, Personal, Question, years
What are the downfalls to a cash advance on a credit card?
Question by Tom W: What are the downfalls to a cash advance on a credit card?
I need a 3000 dollar loan for a car, but my mom says, to avoid full coverage insurance, we get these cash advance credit card things in the mail all the time where you can take 3000 out of the credit card then pay it of, but i dont know if my mom know hat shes talking about, because I dont want to be paying this off for the next 10 years
Best answer:
Answer by Michelle
1, Cash advances on a credit card come with high interest rates, meaning that in the longrun your car will be more expensive.
#2, IF something happens to your $ 3,000 car (broken, wrecked, etc…), you still have to repay your loan. – If you had full coverage with the option that your insurance company would pay off your car, then you wouldn’t have to worry about what happens if your car gets smashed a week after you get it.
Then again, $ 3,000 is pretty cheap for a car. So the risk might be worth it to you. … I would also look into the option of getting a “personal” loan from a bank. If you qualify, the money would be yours to spend on whatever you want. But they would not be able to force you to buy more insurance coverage than you want.
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Where online can I find a personal loan with bad credit and no bank account?
Question by : Where online can I find a personal loan with bad credit and no bank account?
I am in desperate need of a loan due to unexpected medical bills. I have bad credit and don’t have a bank account. The only offers I am finding are for payday loans and cash advance loans that only offer a small amount of money. I need a loan where I could possibly get around $ 1000. Can anyone help?
Best answer:
Answer by Bills.com
Your situation is difficult and, unfortunately, there are no magical solutions. Payday loans and cash advance loans are in general very poor solutions, as they put you in a cycle of paying back more and more debt, at faster rates. If available, they are expensive and do not solve your problems.
Since your poor credit and lack of bank account will not let you take an unsecured personal loan, your only real options are using some type of asset (such as a retirement account) or a personal family loan. If you do take out a payday loan, because you can’t find any other option, make sure that you pay the loan back as agreed. Missing a payment will lead to extremely high penalty costs that make it next to impossible to dig yourself out of the hole and can lead to very aggressive payday loan collections http://www.bills.com/pay-day-loan-collection-advice/.
You may want to look into peer-to-peer lending, too. http://www.bills.com/peer-to-peer-loan/
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