I am on Disability and can only work 10 hours a week because of my Disability. I do not want to file bankruptcy. I am renting a house with a roomate. I do not own a car or anything that is of great value at all. What are my options? Where can I go to get a Lone if I do not own a house or car or anything of vale? What should I do besides bankruptcy? I can afford $225 to pay off a loan for the money thanks..
2007-03-24 12:56:42 · 5 answers · asked by wrestlingstephenmoney 1 in Business & Finance ➔ Personal Finance
This company helps high risk customers with bad credit and no collateral to obtain loans:
http://www.mortgageous.com/noriskcredit
They can get you set up with a line of credit that you can draw on to pay off your bills so that you only have to deal with one bill at a lower monthly rate.
2007-03-24 13:59:48 · answer #1 · answered by jtlyr 3 · 0⤊ 0⤋
What is your income and what are your monthly expenses? Write both of these down and figure out if you can pay more.
First thing is no more charging to it, period. Second is can you switch the card to one that offers lower interest rates and what is the rate of the card or cards you have. Third, you may be able to get a loan against your income, regardless if you have any collateral. If you can get a loan at a lower rate you can get away from the credit card. A simple interest loan will allow you to pay it off sooner than a credit card, which usually compounds interest sometimes on a daily rate.
Good luck
Steve P
2007-03-24 20:08:35 · answer #2 · answered by street4success 2 · 0⤊ 0⤋
I've been in this situation before also. First: CALL THE CREDIT COMPANY!!! Sorry, I can't stress this enough, let them know what's going on. They will probably let you work out an abbreviated repayment program if you let them know what's going on. If you don't, they will hunt you down. Most of the time they are pretty understanding in the beginning, but they don't like it if you don't let them know what's going on.Second:Stop using the cards, clip them up and go on cash only. It will suck for a while, but you will manage. Third: Make up a livable budget, one that you can stick to. I tried a real strict budget once, it was like falling off the AA wagon. Please, try not to take out any more loan, they will just push you further in the hole!!
2007-03-28 17:35:34 · answer #3 · answered by Brett C 4 · 0⤊ 0⤋
bank of america does really cheap loans cant exactly say what exact price
2007-03-24 20:10:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
try consumer credit counseling service they are helping me that is roughly what I owe and roughly my payments check them out :)
2007-03-24 20:08:31 · answer #5 · answered by frogbfound 4 · 0⤊ 0⤋