i dont own a home, i rent an apt, and citi and am general have turned me down. my credit is pretty bad.
2007-11-24 12:16:36 · 8 answers · asked by theman25 1 in Business & Finance ➔ Credit
That bit of information tells you that you don't need a loan!
Seek CREDIT COUNSELING my friend
2007-11-24 12:25:20 · answer #1 · answered by Grape Stomper 5 · 0⤊ 1⤋
1
2016-09-28 04:13:47 · answer #2 · answered by Genevieve 3 · 0⤊ 0⤋
There are many loan products out there to assist you with your situation, but that is not the quick fix. I agree that you need to speak to someone regarding budgeting your money and set some financial goals so that you don't get yourself into this situation again. The loan is a good idea, but you need to be careful not to over extend your position with the house as well. Did you put any money down when you bought the house. What is the current appraised value? Can you benefit from the appraised value at this time? (Meaning has it been at least 6 months since you closed) Are you in a market that real estate value are increasing greatly or stagnant? Also, what do you mean by "bad credit"? Are you not paying your bills on time? Have you been late on the house? Many sub-prime companies will do the loan even with some dings on your pay history, but good mortgage pay history is a must with equity loans. They will even go up to 125% of LTV, but only if it improves your bottom line commitment with your monthly bills significantly. Take your time, do some research, and evaluate your spending habits. Don't rush into a decision. There are lots of questions you need to be asking a lending professional as well as yourself so write these down. As I said, this is not a quick fix.
2016-05-25 06:19:15 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Sell some things - we all have too much stuff as it is. Tell folks you are scaling back on Christmas. Figure out if you can make some things that people will want - holiday wreaths, bird houses. Offer coupons for odd jobs like gutter cleaning, mowing, car washing or oil change, trash hauling, babysitting - whatever the person has a need for, not just some thing they think they want today and will be tired of tomorrow.
2007-11-24 13:46:23 · answer #4 · answered by Huba 6 · 0⤊ 0⤋
You want to borrow money to pay off your bills (which will just mean that you have a different bill, the loan payment) and also borrow extra to spend on the holidays. You aren't thinking. The good thing here is that you aren't likely to find someone to lend you that money to just dig yourself in deeper.
2007-11-24 12:42:27 · answer #5 · answered by Judy 7 · 1⤊ 0⤋
Another day older and deeper in debt.
Try a second job.
Debt Free is the way to be!
2007-11-24 12:43:27 · answer #6 · answered by heybulldog 5 · 0⤊ 0⤋
Great Question!! I admire your strength!
2007-11-25 15:20:03 · answer #7 · answered by T 3 · 0⤊ 0⤋
try prosper.com
2007-11-24 12:32:18 · answer #8 · answered by sweetjeenie 2 · 0⤊ 0⤋