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i am intrested in a loan but if youre gonna charge for a personal loan add it to the loan witch would make more sense and people would think there trying to scamm them i requested answers and more than half want upfront money i got scammed so if you can help me leave info.

thank you and god bless you

2007-08-10 01:54:35 · 10 answers · asked by mamiirica 1 in Business & Finance Personal Finance

10 answers

That is because there aren't any out there.

2007-08-10 02:01:53 · answer #1 · answered by Wayne Z 7 · 1 1

Many people looking for debt consolidation loans with bad credit profiles contact their bank or credit union first. And while it makes sense to do business with an institution that you already know and trust, you may be disappointed if you get turned down for a loan. Banks and credit unions offer a variety of traditional loans and other products, but they typically don’t cater to debt consolidation loans for people with bad credit. Banks and credit unions often use a risk-based pricing model, meaning the bigger the risk they think you are in terms of repaying the loan, the higher the interest rate they’ll charge you. So even if you get approved for a loan, you could end up paying more in interest and fees than someone with better credit. So whether you are approved for a loan at a high interest rate, or you get turned down because of your credit, remember there are plenty of other options for debt consolidation loans for bad credit. Just keep doing your research and contact other lenders and debt relief companies before signing any paperwork.

2016-05-18 21:49:45 · answer #2 · answered by ? 3 · 0 0

People with poor credit feel that it is difficult to get personal loans. However, there are many financial companies and banks that provide loans to bad credit applicants. Bad credit personal loans are generally soughtThe interest rates on secured loans are lower than unsecured loans. However, there is always the risk of losing your house or property if the loan is not repaid.

2007-08-11 05:14:58 · answer #3 · answered by Anonymous · 0 0

Beware of Advance fee Loan scams.
LOAN SCAM - Do Not Pay UpFront Fees.
Do not send money UpFront via Western Union or MoneyGram to any person or business in the UK, Nigeria or Canada in hopes of getting a loan. If you do you will learn a hard lesson & never see any Loan money.

Remember, if it sounds too good
to be true, it probably is! NEVER give out your personal information to strangers online! Always be on guard.

Peer2Peer Lending > http://urlkiss.com/1n

2007-08-10 09:14:36 · answer #4 · answered by Anonymous · 0 0

Unfortunately once you ruin your credit, most places wont loan you money the only way to get a descent loan is to put some thing up as collateral like a car or a house. That way if you fail to pay them, they have a way to receive there money back. And the other option you have to getting a descant loan is having a cosigner with good credit singe for you. But beware if you go that route and fail to pay back the lone you are going to jeopardize or ruin the cosigners credit.
And good luck.

2007-08-16 20:21:41 · answer #5 · answered by mark v 1 · 0 0

The sort of company that charge a fee is the sort that will introduce you to legal loan sharks the sort that would charge 40 - 140% apr to give you a loan it is not normally the company that charge the fee that surplies the loan hense the fee.

2007-08-10 02:08:03 · answer #6 · answered by robert h 3 · 0 0

Ya i too not able to get a loan with bad credit. I found few guidance were useful for me. The site is http://loan.sjdinfotech.com

2007-08-11 06:14:46 · answer #7 · answered by john_crazy_martin 2 · 0 0

people just arent going to make personal loans to people with bad credit without SOME assurance. If a bank wont lend you $$, what makes you think someone that doesnt know you will??...

2007-08-17 05:51:54 · answer #8 · answered by I Can Count To Potato 7 · 0 0

Hi! Check this resource of lenders that provides loans to people with bad credit score.
http://www.badcreditresources.com/bad-credit-personal-loans.html

2007-08-14 09:32:34 · answer #9 · answered by Anonymous · 0 0

hate to say this but welcome to the real world == downsize get rid of all unnecessary things (yes even your computer and internet) raise your credit score and you will find people willing to do just what you want.

2007-08-14 07:34:13 · answer #10 · answered by Anonymous · 0 0

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