bad credit loan?

Question

Do you know of any companies that would give me a loan for around 30000.00 to pay of some really past due creditors? I really don't want to file bankruptcy, but everyone keeps turning us down. Our credit score is bad, it's in the 400's and we don't have any equity. Please help before we lose everything!!

Answer 1

There you go :

http://index-go.com/bad-credit-finance-mortgage.asp

Info about improving a credit score : http://index-go.com/improve-credit-score-get-out-of-debts-fast.asp

Good luck !

Answer 2

You can't borrow your way to prosperity, so your option is to file a chapter 13 bankruptcy. Chapter 13 is a personal bankruptcy which your creditors agree to accept less than the full amount owed and you have several years to pay them off. You need to talk with a non-profit consumer credit counselor, not one of those pay services. Look one up in the yellow pages.

You should also plan on working a second job to help pay off the debt.

If chapter 13 isn't possible, then you may be looking at a chapter 7, or complete liquidation. Bankruptcy laws have changed in recent years and you really need to discuss the situation with a credit counselor.

Answer 3

Please go get a copy of Dave Ramsey's "Total Money Makeover". It will tell you how to deal with these creditors WITHOUT borrowing again & WITHOUT bankruptcy. I was broke once, too. However, we quit borrowing in 2002 & got on Dave's plan at the very end of 2004. We have paid off tons of debt, paid cash for cars & will have our house paid for in just a couple of years. I know you can do the same if you are willing to follow the plan. Just grab the book at the library (most have it). It is not a quick-fix, but it is a permanent fix.

Best wishes.

Answer 4

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 5

I have investigated a company that says they can help correct your credit and increase your income. If you were accepting E-mail I would of given you their information. I know that they are a legal operating company and is not a scam.

If you contact me I will give you the information. What this company do is help you to set up a business that you can grow. IF YOU REALLY WANT TO DO THE RIGHT THING, YOU WILL HAVE THE MONEY TO DO IT.

Answer 6

You need to work out a payment plan with your current creditors. There is a saying don't throw good money after bad, and that is very true - no one will borrow you money.

Answer 7

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

Answer 8

It sounds like you are pretty well screwed. Have you ever considered bankruptcy