I'm getting married in 5 months. My Fiance and I are paying for everything. We've already cut everything to a bare minimum. We have good jobs, but as luck goes our savings keeps going to one thing another (i got sick, then my cat got sick, car needed tires).
I'm currently repairing my credit so my score is kinda low (511 yuck) and his isn't too great either. We'd be happy to get a Credit Card or loan (helps build credit).
Does anyone have any good ideas on some ways to get some extra cash or companies that will lend to "poor" credit customers with no equity?
2006-10-13 07:13:53 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
When my husband and I were stuck with low credit scores, we went to our local credit union. My dad signed a personal loan and my husband cosigned; we borrowed $2,000 to start off with, and paid it back within 2 months. Then we borrowed again for $3,000 paid it off in 3 months. After we done this to prove our "credit worthiness" the credit union financed our car and truck, house and our newly acquired business loans. I wouldn't recommend a credit card. They are just too tempting.
2006-10-13 07:33:31 · answer #1 · answered by GreeneyedCowgirl 5 · 0⤊ 0⤋
The most productive manner to raise additional cash is to take a second job. With the holiday season approaching, you should be able to find a part-time retail job. Borrowing additional funds will not not aid in increasing your credit rating. Most folks can find a way to save additional funds. Some examples of decreasing costs include: cut off the cable TV, eat out less often and take a lunch to work.
2006-10-13 15:16:34 · answer #2 · answered by david42 5 · 0⤊ 0⤋
I assume that you & your fiance have discussed your credit & financial situation & can accept it.
Either of you can probably qualify for some kind of credit. Secured or low-limit credit cards, for example. Beware of "payday loans", however. They're a big rip-off & can get you in trouble real quick.
If you're careful not to overextend yourselves, make timely payments & pay off balances as soon as possible, you should be OK.
BTW, Congratulations! Good luck & happiness to you both.
2006-10-13 14:28:43 · answer #3 · answered by WillyC 5 · 0⤊ 0⤋
Congratulations on getting married.
You cannot borrow your way out of money problems ... getting a loan right now is really the LAST thing that you need.
What you DO need is to learn how to budget and make wise financial choices. You can get a free online budget coach from www.Crown.org (a christian site), and/or read David Ramsey's Total Money Makeover.
For tips on improving your Fico score, go to www.myfico.com.
Best wishes....
2006-10-13 14:23:32 · answer #4 · answered by Harvie Ruth 5 · 0⤊ 1⤋
you can get money in low interest for your family needs. visit:http://www.freewebs.com/***********
2006-10-13 15:06:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋