Where can u get a small loan with a poor credit report?

Answer 1

What kind of loan do you want?

If you want to buy a house, do it. I am in the process of buying my first home. I didn't think I could ever do this because of my bad credit history, but there are programs out there that you qualify for, you just have to find a lender that is willing to work with you.

Buying a home will help you pay off debt, because you get equity, and you can defer your taxes.

Another thing you can do to pay off your debt is to claim more dependents on your W4 form at your work. You get about $200.00 to $250.00 or more per month, and you can use that toward your monthly payment on your outstanding debt, and it's legal.

If you want a debt consolidation loan, I would recommend closing all of your unsecured debt accounts (credit cards) and don't spend on them anymore. Tell the credit card company you intend to pay this off, and sometimes they will either reduce your interest rate, or offer you a settlement. Once the account is paid off, report it to equifax and they will update your credit report, and never get another credit card, ever! They are evil!!!

Your current bank might work with you on getting a debt consolidation loan, and if you have any asset to use as collateral, such as a car that you have paid off, or your home that has equity, you can get the debt consolidation loan using your home or your car as collateral. This means that if you ever default on the loan, they can use the home or car to pay off the loan (so don't ever default on a debt consolidation loan).

I'm not a banker, I'm just speaking from personal experience, so to be sure of what you need to do, set up an appointment with one of your bank's financial advisers, or check out their website for free financial advice.

Answer 2

Try the First National Bank of Mom.

It depends on what you mean by a "small" loan and what the purpose is for this loan. With a poor credit report and no collateral you will have a hard time finding a lender to pick up something like this. If the loan is just to pay off some other bill or obligation and you have nothing to back it up your chances are just about nil. This is why for a small loan in these circumstances the First National Bank of Mom is usually your last recourse.

Answer 3

This is a very popular question. The answer is that if you have poor credit, do you really need a small loan? Why add to your debt??? Your question isn't saying how much you need, your repayment plan, or the reason for the loan. Your best bet is to ask family, friends or employers to loan you what you need at low interest and then come up with a plan to live below your means for the future so that you can be the one that people come to for loans. Start your plan by increasing income or reducing expenses. Try to live on a cash only basis without the need for loans. Review your credit report for errors and make an effort to fix your delinquency. In time you'll qualify for loans for things you really need loans for... car, home, etc.

Answer 4

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RE Where can u get a small loan with a poor credit report?

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Answer 5

They're quite a few lenders appearing at the moment that could help you. One I'd recommend that I've used is Advantage Loans. Their loans are unsecured so you don't need any collateral, and they specialise in providing finance for tenants and those with bad credit. Have a look at their site for more details. If you're unsure of anything you can give them a ring. Contact details are on the site.

Answer 6

there is not any quick, criminal thanks to improve your credit. Dave Ramsey supplies tremendous recommend on convalescing your credit. i comprehend you do not wanna hear it, yet you're gonna ought to improve your score a minimum of two hundred factors. noticeably, now! maximum lenders evaluate you too intense of a probability. Dave also recommends Churchill loan they artwork with those with terrible credit. i'm interior of an similar boat as you. i'm giving myself 2 years. i began my domicile seek for very last Aug. and develop into denied through everyone. regardless of 12,000 to positioned down. My credit status develop right into a 540. considering taking Dave's reported toddler steps, i'm at 630. nevertheless low, yet i'm so enthusiastic about my credit rehab. playstation . you may want to attempt a FHA its well worth a shot. yet keep in recommendations no longer to get too many inquires, they makes your score even decrease.

Answer 7

This site wil give you most useful information about loans with bad credit visit http://www.freewebs.com/getyourloan

Answer 8

hello tina toon.you can get a loan from welcome finance or provident .just give them a ring you could get the loan afew days later.the only thing is the interest that they charge is quite high but thats what happens if you have poor credit report.good luck .

Answer 9

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Answer 10

whatever you do, I wouldn't reply to PETER's B or peters p or whoever that is saying that he will give you all this money if you email him.
I like my loan officers to have a basic understanding of english or whatever language they choose to conduct business in.
Who would entrust him with this kind of money?
Stay away from shady people like this