2007-10-02 13:15:14 · 4 answers · asked by rick 1 in Business & Finance ➔ Personal Finance
I agree with the previous answer. The best thing to do is to work out some sort of payment plan with whom you owe $5000.
If that isn't an option, you can try person-to-person loan such as www.prosper.com. As a borrower, you can set the interest rate you can afford to pay and see if people out there are willing to lend you the money. This is a reputable site and has been reviewed by many national publications.
Best wishes.
2007-10-02 16:29:49 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
Here is a good option to check out. This company has plenty of free information for you. This company has been featured on national TV news casts (not infomercials) and published in several magazines such as Newsweek. This company is where people lend money to other people. Good Luck.
http://www.prosper.com/join/heyhobbs
2007-10-03 00:37:32 · answer #2 · answered by Gary 5 · 0⤊ 0⤋
You ALREADY have a $5,000 loan from whoever your owe. Make arrangements to pay them monthly. While you are at it, take a second job and use that income to pay the debt faster.
2007-10-02 13:52:33 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
you'd be better just to pay off your debts yourself. with a loan, you'd get HUGE interest rates on it. cut up all your credit cards, and don't spend more than you can afford.
2007-10-02 13:24:41 · answer #4 · answered by Anonymous · 1⤊ 0⤋