I am looking for a legitimate lender for people with bad credit. I pay all my bills, but I have things in my past that I would like to pay off that are killing my credit report. Anybody have any suggestions?
2006-11-09 01:32:49 · 5 answers · asked by paulp3009 2 in Business & Finance ➔ Credit
If you have a lot of bad debts on your credit report, then you may wish to reconsider getting a loan. The rate would be very high if you were approved, unless your credit score has rebounded enough through your other positive credit accounts.
The best way to approach it is to look for debts that you can pay off with only one or two payments. You especially want to focus on the newer debts. Leave the older ones for last.
Frequently, by the time you get to the older debts, they are about to fall off of your credit report anyways.
The catch is that you have to be weary of any collector that you think may be willing to pursue a judgment. If you have one with a relatively high balance, then that debt may be more likely to be pursued in court.
2006-11-09 01:41:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Go to www.prosper.com I had the same problem and I got a loan from them. Good Luck!
2006-11-09 03:28:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You should ask for pay-for-deletions once you get the financing or cash to pay off delinquent and charged-off loans.
Please refer to the form letter below for additional information.
Please be sure to send all communique to collection agencies and creditors via CERTIFIED mail. Regular mail does not protect your legal rights.
2006-11-09 03:07:31 · answer #3 · answered by DaMan 5 · 0⤊ 0⤋
Which country are you in? That would better help to answer your question.
2006-11-09 01:34:49 · answer #4 · answered by Sexy_Bunny 4 · 0⤊ 0⤋
There may be something of use here.
2006-11-09 02:41:42 · answer #5 · answered by Anonymous · 0⤊ 0⤋