How to get a unsecured loan?

Question

like a $20000 limit. With bad credit..And is there anyone out there that would loan me the money

Answer 1

With bad credit, you'd be lucky enough to get a secured loan. Take it from someone who knows.

Answer 2

Unsecured loans are more of a risk for the lender, because they do not have any valuable item like a home to collect from the borower if they fail to pay the loan back.

With that in mind you should expect to pay a higher intrest rate for an unsecured loan. In addition, bad credit will also increae the intrest you would be likely asked to pay.

There are laws in the USA and European countries that prevent the loan of money at very high rates of intrest.

With bad credit, the best thing to do is watch the TV in the middle of the night. There are usually adverts advertising loans for people with bad credit.

Your best bet might be to take advantage of the assets the black market has to offer on this issue. Im sure that you could find someone who would be willing to loan you money regardless of your credit history. But you would not be able to decare bankruptcy and walk away from your debt in this case.

Below is a link that tells you how to make sure that you are getting a fair loan. With this info you should be able to find someone to safely loan you some money.

Best of luck

Special Raoul

Answer 3

Fat chance, but your best chance would be a credit union. First, that's alot of green for an unsecured loan, second, the bad credit doesn't help.

I guess you could try the mob, too. Just wear shin guards.

Answer 4

Unsecured loans are for people with very good credit. Because these loans are much riskier for a bank/credit union, they tend to only approve people with excellent credit for these. Try Prosper, they might be able to help you out.

http:/prosper.com/