My debt is mainly from payday loans and medical bills. Can someone please give me an alternate plan as I can't even afford bankruptcy.
2006-09-05 05:31:32 · 7 answers · asked by rosem5850 1 in Business & Finance ➔ Credit
Depending on your credit score, there's a website I was referred to a while back.
www.prosper.com
Rather borrowing from lenders, you actually borrow from other people. Be patient though, because if your credit score (Rated AA-E and then HR, High Risk and NC, No Credit) you can make your own loan amount and Interest Rate, up to 29%, and you can pay it off in monthly installments for 3 years. It won't affect your credit score unless you skip out on payments, but it can help you collect some money to pay things off.
Hope it helps.
2006-09-05 05:35:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
some financial advisers choose for to call issues like mortgages and pupil loans "stable debt" because of the fact they have a tendency to hold incredibly low fees of interest and pay lower back their value over the years. with regards to pupil loans, this is basic to think of of them as making an investment on your destiny. The payback is in getting an training that maximum in all hazard will qualify you for a greater physically powerful paying activity. this is a valid attitude, yet you need to additionally be lifelike. Debt is debt, and the greater debt you have, the greater careful a lender would be in qualifying you for a private loan. Their generic is frequently that your entire debt money, alongside with private loan and pupil loans, should not be greater suitable than approximately 35% of your gross income. So, particular, a tremendous pupil own loan could in all hazard avert you from paying for a house sooner or later. it quite relies upon on how plenty you're making, how massive of a down fee you additionally could make, how costly the home is, and the way massive your different debt money are. pupil loans come into the equation as "different debt".
2016-12-14 18:41:02 · answer #2 · answered by rivalee 3 · 0⤊ 0⤋
Three Suggestions 1) Consolidate your debts 2) File bankruptcy (bankruptcy is not advised for all cases) 3) Contact a credit counselor:
Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html
How to Avoid Bankruptcy Explained
http://www.debt-explained.com/category/How-to-Avoid-Bankruptcy-Explained.html
Credit Counseling Programs
http://www.complete-debt-info.com/category/Credit-Counseling-Programs.html
2006-09-06 01:03:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Bad Credit Loans
By: Matthew Bourne
I hope this article can give you some knowledge. You can use this site to continue to learn more about credit and finance.
2006-09-05 05:46:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
For Finance and credit solutions I always visit this website where you can find all the solutions. http://creditandfinancesolution.info/index.html?src=5YAwkrcuQT001
RE :I need a way to consolidate debt. I have BAD credit so a loan is not an option.?
My debt is mainly from payday loans and medical bills. Can someone please give me an alternate plan as I can't even afford bankruptcy.
Follow 7 answers
2017-04-06 08:37:40 · answer #5 · answered by Alfredo 6 · 0⤊ 0⤋
Try getting a job.
Otherwise, suicide's always the unpopular solution.
2006-09-05 05:33:59 · answer #6 · answered by KH 3 · 0⤊ 1⤋
Have a look here.
2006-09-05 06:33:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋