Can I obtain a loan without currently working + bad credit ?

Question

Ok... I'm prepared for the flames, cause I definitely have been a financial idiot as of late. But in the past 2 months - I've abused the hell out of my credit cards and have overdrawn my checking account (which is now much worse w/ fees). All total, I need about $2,200 to get back on my feet, because right now I'm really struggling. I've been able to pay the rent this month....but I'm getting quite hungry eating Ramen noodles and cereal. I've been looking hard for work but haven't had any luck. I think I could get something lined up and pay the money (w/ interest) back in about 2 months. I'm a broke college student who made some bad decisions and now is paying for it (or WISH i way paying for it)

Most loan services seem to require a current employer and such to obtain a loan. Parents wont help. I don't think another credit card would be a good idea. I know I need to get my personal finances in order, but any advice for the real short-term so I can fix this ever-deepening hole.

Answer 1

Would you loan money to someone with no job and no credit? The 3C's to lending are credit, cash, and collateral. Credit (you have none), cash (is what you need) and collateral (again, you have none. Nothing to secure like a car or house which can be repo'd). All things aside, would you lend money to someone who's own mother/father doesn't trust?

I've worked in real estate finance for a bank the past 6 years, prior to that I did sub prime auto finance. It always amazed me when parents would complain when i signed poor johnny at a 22% interest rate. I'd offer them a lower rate if they cosign but the answer was always "no way". I reply was the same. If a borrowers own mother doesn't trust them why should the bank? You're lucky to get any kind of loan.

You can try selling one of your orgrans.

Or, GET A JOB and pay your bills. If you can't pay credit cards call up a debt counseling service and consolidate your bills.

There is a line I like in the movie "Friday" with Ice Cube. He needs $200 to pay back is friends pot dealer or they both get killed. He asks his mom for $200 and she tells him to get a job. His reply was "if I had a job I wouldn't need $200". her reply was "Exactly!".

Cut up all your cards and call CCS. Find a part time job, serving food, or whatever. If you are student in college check the job board. UPS always hires part time around x-mas to load trucks. I did it every year in college for $$$

Answer 2

Peope or organizations giving loans want to know that you can and will pay it back. Sorry, but right now you don't show any indication of being able to. You say you think you can get something lined up and pay the money back with interest in two months - but you also say you've been looking hard for work and haven't had any luck, so there's no basis for thinking you really could pay it back.

Good luck in finding a job. You might have to take one that you feel is beneath you, to get dug out of this hole.

Good luck.

Answer 3

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.
Please be aware. You have been warned!

Answer 4

Friends and family; any reputable lender is going to make "having the ability to repay the loan via employment" as a first priority.

Answer 5

Siempre he estado contenta con las compras y los productos que he recibido de sitios web, lo último que he comprado ha sido una memoria RAM de 1 Gb, la memoria se ha hecho su función y se puede ver claramente el cambio así que seguro que voy a comprar otra.

Answer 6

No.