need help with loan?

Question

i tried applying for a 15000 loan but i keep getting denied because my credit is only 1 yr old and i have 2 credit cards open. Well what they dont know is i want this loan to pay off my credit cards. i tried badcreditloanservices.com and they say you automatically get accepted but after you enter in your info, they want 39.99. So screw that. Any other place where i can automatically get accepted? I want this loan to pay off my c.c. balances. Please no answers like "just pay what you owe now and forget a loan"

Answer 1

You don't BORROW to pay off your debt. Does that really sound logical to you?!?!?! DON'T do debt consolidation. It just moves your debt around. It rolls high interest items AND LOW interest items into the same loan at a mid-range interest rate. It might lower your monthly payments, but that means it will take even LONGER to get out of debt. It also frees up all your lines of credit so you can simply run them up again! Finally, you often have to pay a loan origination fee

Make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You probably need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control. Take a sandwich for lunch. Cancel the gym membership.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get "The Total Money Makeover". Read it and follow it carefully.

Go check out Dave's website as well.
www.daveramsey.com

START LIVING ON WHAT YOU EARN!!!

Answer 2

My first advice is to disclose that you want the loan to consolidate your credit cards. This will show that you will not have any credit card debt if you are approved. In many cases, a bank will give high weight to your application and allocate proceeds of your loan directly to your credit cards on your behalf.

If you are willing, you can tell the bank that if approved, and if they will agree, you will close the credit card accounts once they are paid off.

There is no automatic acceptance in the loan industry. The best way to obtain a loan is to discuss this with your bank (or any bank). They want to give loans and you have a good cause to request one. Stay clear of loans that charge you, as you have already done.

Another strategy is to call your credit card companies and try to re-negotiate the interest rates. If they refuse, then you could try Credit Counseling Service. On your behalf, they will negotiate with your credit card companies to either lower or eliminate your interest rate entirely. This does not affect your credit rating because you would be paying the bills through this non-profit service. Therefore, no negative items could be reported.

I used the CCC myself and turned what would have been 11 years in payments (including interest) to only 3 years (without interest). My credit rating was not affected and my use of this service was never shown on my credit report.

Answer 3

About eight months in the past I received a payday mortgage for tuition with out a problems at.Not certain what you men are speaking approximately paying it again in 2 weeks.I simply checked the web site the OP is speaking approximately and also you get a yr to pay it again.

Answer 4

Try prosper.com