If I have no assets, n have bad credit history, but have good regular income where can I get a unsecured loan?

Answer 1

There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

http://www.axalda.info/bad-credit-loans.html

Answer 2

Lenders tend to take a look at the past to predict the future.

That said, taking a bad credit history to a lender makes them predict that history will repeat itself, and that they'll probably (okay, at least possibly) not get their money back.

Since lenders have a solid base of folks with a good credit history who want loans, they generally lend their money out to that group.

So, you're faced with predatory lenders - ones that will lend you money, but will take a pound of flesh to make it happen. Usually, you're talking a secured loan, where you sign over an asset to the lender that they can seize and sell if you don't pay them back. Or, you're talking a loan where the lender has a mean guy with a baseball bat who keeps track of you every minute until the loan is repaid.

Sad truth here: credit takes a long time to build, and can be destroyed in very short order. There are few things you should protect and nourish as much as your credit rating.

Answer 3

o0o0o thats bad but to build your credit history you should get a credit card with a small amount & pay monthly for it. Pay on time & trust me your credit score will increase in no time. Credit is very important so treat it well. Good luck

Answer 4

Banks are going to be really reluctant to give you a loan. You may have to go to a credit card company like MBNA. The interest rates are going to be high, but you will have that no matter what.

Good luck.

Answer 5

I believe you should go to your banking institution and they should be able to help you? I was in a similar situation and my bank gave a loan. But whatever you do, dont get a Next Pay Day loan.....