I am trying to pay off all my collections so I can get my car in my name( it is in my fiance's). I have enough to pay on half of them , but not all of them. I am not interested i na payday loan. I need a personal loan with regular monthly payments. Any suggestions?
2006-07-15 14:56:48 · 9 answers · asked by A B 1 in Business & Finance ➔ Credit
I only have poor poor credit because I owe 7 collections and they are all medical from me getting sick one time with no insurance. Unfortunately medical is held against you now.
2006-07-15 15:03:41 · update #1
I agree with the poster that recommended Citifinancial. Give them a try. I also agree that you will probably see a high interest rate.
As for paying those off, if you just pay without having it in writing that they either delete the accounts or show paid in good standing, you will be just as bad off as if you had not paid.
I would suggest going to the site that I've listed and do some reading in the medical forum. Learn about using HIPAA when you pay.
2006-07-15 17:34:17 · answer #1 · answered by echo 7 · 0⤊ 0⤋
Collections can remain on your credit report EVEN IF THEY ARE PAID for 5-7 years.
You will be turned down for a loan of that size.
You still need to pay the collections off to start the process of removing them from your report. You need some "starter" credit cards for positive credit. If you don't have any then look into secured and unsecured credit cards.
2006-07-15 15:02:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Off hand don't know of any place that will give a loan, but you should call the creditors and make arrangements to start paying these bills off. It may take time but in the long run it will be worth it. Although, you owe if they see you making an effort and not ducking and hiding when they call they may be able to help you. All you have to do is talk to them and it does help alot.. believe me! You may also want to check the bankruptcy laws in your state.
2006-07-15 15:12:09 · answer #3 · answered by Ms. Hot Chocolate 3 · 0⤊ 0⤋
You could still get a personal loan; you're not asking for a whole lot of money. But if you have poor credit then your interest rates will be high or you will need a co-signature. Good luck.
2006-07-15 15:02:00 · answer #4 · answered by Jenn 6 · 0⤊ 0⤋
Go to a bank and get an "unsecured loan". The interest rates will be high (like 9%) but for 2K it shouldn't be that much if you pay it off in a year.
2016-03-27 06:59:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you have bad credit and you're already in debt, you probably won't get a loan. You can see if your bank can help you out, they might help consolidate your debt. But never go outside of a bank for help with consolidating debt. My mom works in the mortgage industry and she said that looks worse than declaring bankruptcy.
2006-07-15 15:03:06 · answer #6 · answered by MEB 3 · 0⤊ 0⤋
are you nuts do you think that anyone will give money to someone with poor poor credit
2006-07-15 15:00:26 · answer #7 · answered by Anthony M 2 · 0⤊ 0⤋
Try Citifinancial they have high rates but may help you out.
2006-07-15 15:01:47 · answer #8 · answered by amy_lynne_26 2 · 0⤊ 0⤋
No. You have to have either a co=signer or co lateral.
2006-07-15 15:56:14 · answer #9 · answered by cherryfrank@sbcglobal.net 3 · 0⤊ 0⤋