I've got a lot of credit card debts ad they're all overdued and notices and debt collectors have been coming daily to colllect the debts. I'm unable to make any payments as i earn only $1K per month and i'm the sole breadwinner to my parents and younger sister who is still schooling. Where can i get financial loan to clear off my debts and repay at a low monthly instalments?
2006-11-01 20:46:49 · 5 answers · asked by jengro_11 1 in Business & Finance ➔ Credit
I guess your credit score (FICO score) would be terrible because of the late payments and past dues. You are very unlikely to get a loan from banks too. My best suggestion is changing your job. Yes, you should quit the $1K per month job because you have three people depending on you; your salary is not enough to support your family so that you have used your credit cards to cover the expenses.
2006-11-01 21:07:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends where you live - but in Australia you can consolidate all your debts and then just pay off that one loan.
Then it is important to get rid of your credit cards and never ever pay for anything unless you have the money for it!! Especially not until all your other loan is paid off.
It must be really difficult for you though being the sole breadwinner and trying to support your parents and sister. It shouldnt be your responsibility. Try to get some advice/counselling about the whole situation. Surely there is a better way....
2006-11-02 05:37:07 · answer #2 · answered by Nic 5 · 0⤊ 0⤋
I am also earning 1k per month.Can u help me to apply for credit cards n getting loans n I will help u to clear off your debts!
2006-11-02 05:03:55 · answer #3 · answered by wow 2 · 0⤊ 1⤋
Hello,
I am chris peter.Do you need a loan.Are you financially down?Are you in debts?Do you want to pay up your bills?I give out loans at 3% interest rate.I give out loan to Business Men and women who are into Business transaction, I give out long term loan for three to five years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are realing interested in getting a loan from me, Loan is given out in Pounds and $US the maximum I give is 1,000,000 both in pounds and $US and the minimum 5,000 pounds and US$ so if really you are interested mail for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem and for your information if you should more loan like $10,000,000m I can give only if you are one of these cartigories:
Manager of a company
A private Holder
A broker in banks
A director in any office or company
A high investor of and compay
If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon.
Name In full____________ ____________
Phone Number ____________________
send these info it is important. Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now. email chris_pers_lender@yahoo.com
Thanks.
2006-11-02 07:50:16 · answer #4 · answered by chris peter 1 · 0⤊ 0⤋
Did you try taking loan from bank? I believe they have loan for individual and you can try and see if they can carter to your needs
2006-11-02 06:17:16 · answer #5 · answered by Clown & Joker 5 · 0⤊ 0⤋