2006-09-06 04:35:04 · 12 answers · asked by HB 1 in Business & Finance ➔ Personal Finance
So. You're looking to make your problems worse?
Nice.
You can't spend your way out of debt.
2006-09-06 04:40:53 · answer #1 · answered by kickbutt 3 · 0⤊ 0⤋
Just stop. Stop spending, stop borrowing, stop wasting money.
You need to get a handle on your credit. Having bad credit means you did not responsibly handle your credit before. It doesn't matter whether you have an excuse or not, the companies don't care. If you have bad credit if you can even get a loan they are going to punish you with a horrible interest rate. Your insurance costs can be higher, and anyone that loans to you is going to assume that for every three people like you that borrow money at least one won't pay them back.
If you have really bad credit you need to get a copy of your credit report, pay off all your debt, and re-establish good credit.
Ask yourself this. If you decided to start your own business and you opened a shop who would you hire:
A) A person who has a long criminal record for theft.
B) A person with no criminal record and good references.
Now I am not trying to call you a criminal. But as a far as a company is concerned if you have 'really bad credit' it is because you have consistently shown the inability to manage your credit. In other words when people lend you money you do not pay them back in a timely fashion in accordance with the terms of the loan. So the way lenders see it is that you don't keep your word. Therefore since your credit history shows this pattern of behavior they make the assumption that you will always behave in this manner. As a high risk person, if they will lend to you at all, they will give you high interest rates and fees, just to protect them if you default.
You need to educate yourself, rebuild your credit, save your money, pay back your debt, and get a handle on your spending. Borrowing $6,000 ASAP is NOT the solution to your problem. Good luck.
2006-09-06 12:07:47 · answer #2 · answered by ZCT 7 · 0⤊ 0⤋
You mean to tell us that you have really bad credit and yet you want us to refer you to someone who will loan you $6000. in which you are most likely not going to pay back.
My answer get a job pay back what you already owe and then reastablish your credit.
Getting into more debt is not the answer to your problem getting out of debt is.
2006-09-06 11:44:02 · answer #3 · answered by Tom Sawyer 6 · 0⤊ 0⤋
bad score means liability and show u have not been able to manage credit in the past, best bet is family or friends for personal loan, if all else fails, u would be in bad situation to go to the cash stores as they are loan sharks!
try home equity
2006-09-06 12:14:48 · answer #4 · answered by TheZeon 2 · 0⤊ 0⤋
Friends or Family should be the 1st priority. Personal loans have high interest rates and bad credit personal loans charge even more interest.
or try http://www.prosper.com/loans/
2013-10-22 04:50:38 · answer #5 · answered by ? 1 · 0⤊ 0⤋
Go to a few loan sharks and then volunteer for Afghanistan.
2006-09-06 18:14:58 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Prayer.
If you have bad credit, which means you don't consistently pay back the money you borrow, why are you asking us to refer you to someone who is dumb enough to give you money?
2006-09-06 11:38:28 · answer #7 · answered by DaMan 5 · 0⤊ 0⤋
FORGET ABOUT IT IS THE BEST THING TO DO CAUSE WITH LOUSY CREDIT THE BANKS ALREADY GOT YOU FIGURED AS A LOSER .
2006-09-06 16:55:53 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I found some good info here.
2006-09-07 02:17:48 · answer #9 · answered by Anonymous · 0⤊ 0⤋
apply for fast cash advance
2006-09-06 11:40:54 · answer #10 · answered by Anonymous · 0⤊ 0⤋