Can anybody tell me where to go to get a loan with very bad credit,(foreclosure). I am desperate!!!!?

Question

My home was foreclosed on in June and the people who bid have been working with me to try and save my home, however nothing is working out. I really have no place to go and I have no one to ask for help. If it wasnt for my children I would give up and let it all go. I am desperate and very embarrassed, and scared all the time. Does anyone have any suggestions.

Answer 1

you wont get a loan, because you have bad credit, AND no collateral....

Just hang on, and cut your expenses. Things will work out.

Avoid these come-ons you are seeing as "answers" to your question. They are up-front cost RIPOFFS that prey on people in your situation and they should be avoided at all costs......

Answer 2

Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved onarrange loans or other finance, and usually means you will pay more interest on any loan you take out.

Answer 3

Glad you're embarassed now, better than later. But what do you need a loan for? You can't just get credit after screwing over a whole house , and don't be stupid enough to make a cash call either (interest is 99%). So just work, rent, and save. Nobody is going to help you. I'm not kidding nor am I laughing, this is harsh but its reality.

Answer 4

I am no financial expert. In fact, I do not have great credit myself. However, from my past mistakes I have seen that unless I get myself out of the hole I dug and stop repeating what I did in the past, my situation will never get better. It takes a long time to undo previous mistakes, but it is worth it. It didn't take very long for me to make a financial mess, and it took me an even shorter time to realize how I created it, HOWEVER, those two important factors combined didn't change the fact that it would take even LONGER to fix the problems I created.

So, what I say to you as a result of my past experiences is this: have you figured out what caused your problems? Did your financial hardship result in an illness like cancer or something extreme like that? Or did it happen after unexpected expenses after a death in the family? There is no possible way to prepare for things like that. God be with you if you are recovering from an emotional train wreck like that.

However, if your foreclosure is the result of numerous financial mistakes, then there is a much bigger issue that needs resolved. Do you look to spending binges to make you feel better? Do you turn to money like many of us do to fill time, cure loneliness, and bring excitement to your life? Have you got trapped into a cycle of thinking you are destined to be poor for the rest of your life, so you have never stopped to think that it doesn't have to be that way? Have you been stuck in a mentality of being dependent on someone else, such as a spouse or a parent, to take care of you?

It is brave of you to keep trying and to be strong for your children. However, if you succeed in not losing your *house*, will you have succeeded in keeping your HOME together? Have you learned how to provide financial security for your children, and also to yourself?

Again, I'm not a financial counselor or expert, by no means, I'm just a person with bad credit who is just starting life and trying to rebuild my finances. But I bring up these questions because I think they are important, and you owe it to yourself to figure out this: do you think it is more important to save the house, or is it more about trying to save yourself the embarassment of having it taken away?

One thing I do know about credit is that foreclosure is a very big obstacle. Perhaps you should meet with someone from a nonprofit credit counseling agency and see what their professional view is on this.

Remember, however, if you lose the house, you still have your children, which is the most important thing. Just because they haven't had the greatest material circumstances doesn't mean that you can't continue to give them love, which is the most important thing. Seeing their parent stressed certainly isn't good, and that energy is contagious.

Best of luck to you.

Answer 5

in the present market, you aren't going to get a loan.

all loans to weak credits have been cut off because the people who used to buy them aren't buying any more -- they're scared.

what you're going to do is go back to renting and probably in a much poorer part of town.

the kids will get through this ... poverty doesn't hurt children as long as there is food to eat, a few clothes to wear, school to attend, and at least one loving parent to point them in the right direction.


GL

Answer 6

You need to rehabilitate your credit. Move into an apartment for now. Get a job or two. Save up money and pay off your debt. People make choices that they may live to regret. Stopliving the way you are now and take positive steps. Good luck to you.

Answer 7

It doesn't sound like you need a loan. Getting deeper into debt is not the answer. You may need to declare bankruptcy and start over again.

Answer 8

I don't know where you live but in New York there is a guy name DEAN MOHAMMED 718 597 5375 He is a realtor specializing in foreclosures. He SAVES HOMES!!!! Call him he'll help you

Answer 9

You can try borrowing from private lenders from this website prosper.com
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LOAN SCAM - Do Not Pay UpFront Fees.
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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.

Answer 10

"SCAM ALERT" BEWARE OF THE ADVANCE FEE SCAM!!!Never send $ up front via western union money gram,bank/wire transfer to NIGERIA,ANY PART OF africa,UK