Best why to borrow money?

Question

What is the best place to borrow money if you only have a saving account and bad credit. Need help now.

Answer 1

Bad Credit? Well if you have bad credit I would recomend NOT borrowing money. Pay off what you have and raise your credit score, THAN go and get a loan.
STAY AWAY FROM PAYDAY LOANS!!! I cant express that enough. STAY AWAY!

Answer 2

It's going to be hard to find a place that will loan you the money and not completely rip you off on the interest rates.

If you can avoid borrowing money, do so. I would recommend start by making a budget. Write down everything you spend money on (this includes expenses, debts, and savings) over the course of a month and compare that to your income. The two should equal.

Once you have that completed, go through the budget and find places where you can slash your expenses. Hopefully you can find the money you need there.

I can't recommend borrowing money and being in debt to someone. It hasn't worked very well in the past.

Answer 3

Find a larger local credit union and work with them. They can make loans that, by law, banks can't. They will charge you a higher rate, but tell them you're interested in improving your credit for the future. Most credit unions have programs designed to teach you about credit and improve your score. They will consult with you over your credit report, and give you specific steps you can take to improve your situation.

You may actually qualify for a loan with proper collateral (i.e. a car) and or a cosigner.

If this is something you want to do without collateral or a cosigner and this is an immediate need you may have no choice but to use a payday lender. Even if you have to go this route this time, do yourself a favor and get in touch with a credit union to improve the situation for the future.

Best of Luck!

Answer 4

friends

Answer 5

mom and dad, i think.