Good, small debt consolidation loan needed?

Question

I have several small loans, coming to a total of about $2,000 all together. Is there any good debt consolidation loans for people with poor credit?

Answer 1

Yes. You may want to try Prosper.com. You can ask for the conditions you want and, if they are reasonable given your credit rating, people like me will bid to lend you increments of your total desired loan amount at a particular interest rate. Once the bids fulfill the amount you want to borrow Prosper will transfer the money to your bank account and then you can pay off your bills! You will then just make one payment each month to Prosper.com who will then disburse that money with your interest back to the lenders. It's like Ebay meets your local bank. Check it out.

Answer 2

Now people with poor credit can get the same choices as those with the good or mediocre credit. Today you can use bad credit personal loans for many purposes like car purchase, vacation or even debt consolidation.

But if you have some assets to offer as collateral, your chances brighten. The primary reason why people with poor credit history do not get loans is because the lenders are scared that the borrowers will default again. But if you can offer collateral, your lender is secure in the knowledge that his money is in safe hands. You have to try and meet the repayment schedule, failing which you lose the asset.

If you do not have collateral, go for an unsecured personal loan, which is rare for people with bad credit. It is necessary that your credit record should be clean for an unsecured personal loan. However, some lenders can accept your case due to inevitable reasons.

Answer 3

For Credit and finance solutions I always recommend this website where you can find all the solutions. http://INSURANCEANDFINANCETIPS.INFO/index.html?src=tprxmOX50

RE :Good, small debt consolidation loan needed?
I have several small loans, coming to a total of about $2,000 all together. Is there any good debt consolidation loans for people with poor credit?
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Answer 4

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.