I have bad credit due to a job loss but I have been working full time for quite a while now. I just have not been able to get back on my feet. When I was falling behind on my bills I started going to payday loans. Now I can't get out of the payday loans, I've applied for loans that are for people with bad credit, but my income is too low. I only make $1,300 a month so they won't approve me. I need to find one who will approve people with low income AND bad credit. I am an honest person, I don't intentionally fail to pay my debts, I just need a second chance to get my feet back on the ground. I can't get there though without help and extra money. Please let me know what I can do. It would be greatly appreciated.
2007-11-27 13:47:02 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Get a second job to dig yourself out of this. Borrowing money you can't afford to repay is worse than doing without what you need most of the time.
2007-11-27 13:51:16 · answer #1 · answered by shipwreck 7 · 1⤊ 0⤋
Hi Z,
Im really sorry to hear that and I have actually helped a lot of people get out of these problems. The first and most important thing is to ensure that your existing debts are cleared, and that does not really mean that they must all be paid off. You need to get debt consolidation help. This means that all your loans are placed in one and you can pay a lower monthly payment. Albeit over a longer time period but that would be your best bet. Next you would have to find a credit card company that will offer you a credit card with no credit checks.
Find some here: http://creditaccountcard.info/2007/11/29/credit-account-services/
Now though these places have high fees, there will be a case where after paying the annual fee and monthly fees you are left with less than 100.00 in credit. Thats fine because thats manageable on your salary. Use the card twice every week and then pay it off by the end of the month and you will be fine. The very next thing is to check your credit score every other month and you will be fine.
2007-11-29 09:28:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I am sure you will find this site very useful: WWW.IMMEDIATELOAN.NET
RE:Where can I find someone who will approve me for a loan? I have bad credit and low income.?
2014-07-18 21:13:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Loan shark on the street near you. No credit info required. Just be able to pay at high interest.
2007-11-27 13:55:05 · answer #4 · answered by Goodhead 3 · 0⤊ 0⤋
Get a roommate, move somewhere cheaper. You won't get a loan in the US at this time due to the credit crunch...
2007-11-28 02:46:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
visit daveramsey.com to learn ur hard lessons from others mistakes.
read '48 days to work u love' d.miller.
both will give u bigger shovel to fill in the holes in ur live.
2007-11-27 14:05:55 · answer #6 · answered by Anonymous · 0⤊ 0⤋