where can i get a 5000 dollar personal loan at the age of 22 with no collateral?

Question

i need it to pay off some school debts and toll violations but i don't have any collateral. i live with my mom and she can't cosign on a loan for me either because she has terrible credit. i have been at my job for almost 2 years and make decent money but i can't seem to find anywhere that can loan me that money. i tried banks but they denied me. can someone give me some information

Answer 1

Unfortunately, this site is overrun with scam artists offering people loans. You should assume that anyone offering you a loan is a scam artist until proven otherwise. Remember that real lenders never ask for an advance fee. Any fees they require are added to the loan amount, you never pay for them upfront. If you pay an advance fee, they will take your money and run. Never give personal information to someone who may be an identity thief.

See this link about scam artists:


http://www.ftc.gov/bcp/conline/pubs/tmarkg/loans.shtm

Answer 2

Almost sure that you might find every financial solution at: loandirectory.info-

RE Where can i get a 5000 dollar personal loan at the age of 22 with no collateral?

i need it to pay off some school debts and toll violations but i don't have any collateral. i live with my mom and she can't cosign on a loan for me either because she has ...mostrar más

Answer 3

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Answer 4

Does your job offer you a 401K? Some 401K options will let you borrow against your investment.

If not, your best bet might be to start saving the old fashioned way. You don't want to get into more debt.

At least w/ a 401K loan you'll be paying yourself back. The downside to that is that your money isn't working for you while it's not in the account. The 401Ks I have dealt with let an employee borrow up to half of what is invested (so if you default, the rest of the money is collateral) and usually there is a minimum and a lot of fees tacked on as well.

Answer 5

I wouldnt get a loan. You will end up getting yourself in more debt. You will end up paying a lot in interest. See if you can work with the student loan people on a decent payment plan. Don't go to one of those pay advance places, because they end up ripping you off.

Answer 6

If the bank denied you , the loan sharks will rip you a new one on interest .
Use your paycheck to pay your debts since you make decent $$$$ ,
And ask for more hours .
Loans should be for real estate , not cleaning up other debts .
Loans for debts is the idiots way to long term poverty .

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Answer 7

Go back to school and get student loans to pay for living expenses, only keep working for a living and use the loans to pay your debts. It's a win win situation because when you're in school you don't have to pay the debts you have and you get an education. Plus student loans are fixed at 6.5 right now.

Answer 8

Credit unions are usually easier for personal loans, with better terms. Also try borrowing from your job, depending on the company, a lot of places are happy to help. Also if the school debts are Federal student loans, they have programs to help with that

Answer 9

Try Eloans. It's a website that takes your application and gives it to several creditors that fit your criteria. Or you may want to get a secured credit card for about 200 bucks and try for the big loan about 3 or 4 months after you have established good credit with the credit card. Good Luck!

Answer 10

Start putting aside ANY amount you can Spare from your Paycheck ever week... Because Credit is going to be VERY tight for the next couple of years- & if you can't do it "yourself", you're NOT going to get it from anybody ELSE. Good luck.