Personal loans for Bad/Terrible/Pathetic Credit?

[tiggidy08]

Okay, I'm trying to suck it up and pay off my debts. I had a pay cut and just haven't been able to get things in order. Who offers personal loans (I own my car and can put that up for collateral) for people with horrible, rotten credit?

[stroked89coupe]

Paycut and trying to get a loan do not cross paths in my book. Are you basicly just looking to consolidate your debts? I know you said you have bad credit. Considering that, a personal loan if you are able to get approved (Which will not be through a prime lender) will likley have a higher percentage rate than your current rates. I would try to clean up your credit. It can be done easily and others may chime in regarding disputing things on your CR ect and how to accomplish that. We would need some basic information (Nothing personal) so we can help you better.

 

 

Do you know your Fico Scores?

What is your utilization?

What accounts are derogatory on your report?

Ect....

 

 

There is probably a better way to take care of this situation rather than getting another debt. See what i'm saying? I would encourage you to pay off as much debt as possible and let us give you some suggestions on cleaning up your credit to improve your score. It's not a quick and easy thing. But hang in there and we will help you. You say you have bad credit? I have had 4XX Fico's before my bankruptcy. So I can relate. I'm above 600's now with the help of everyone here.

Edited May 9, 2013 by stroked89coupe

[tiggidy08]

Right, I see where you are coming from. I am, however, working towards cleaning up my credit and since I've been here, it is slowly helping. I guess I am just frustrated but I appreciate your response - I need to mull it over as well as gather my information.

 

[stroked89coupe]

Don't get frustrated. It happens to most at some point and time. Whenever you get all of your basic information we will steer you in the right direction. From there it's downhill.

[MattO]

Your better off going with debt condolidation of some kind if your credit is that bad. As previously mentioned the only lender likely to offer you credit is going to be a sub prime vulture with rediculous interests rates that will get you into even more trouble.

[cv91915]

If you are helbent on a loan - which I'm not advocating - when my credit was in the low 6s I used to get mailers from One Main Financial (formerly part of Citi) all the time with offers for personal loans. The interest rates were %*^*& high, but I'm sure you are expecting that. See www.onemainfinancial.com.

 

I never took them up on any of their offers, since I will only ever carry mortgage debt, but that is one avenue you might consider. It's definitely not as bad as a payday loan. DO NOT do that, please.

Edited May 10, 2013 by cv91915

[futurehomeowner?]

just based on your siggy, I would in no way get a loan. If you are struggling that bad then I would either make min payments plus a few bucks on each card and SD them away or call and close the cards and pay them off slowly (which I do not recommend). You just started the process of repair and it will take time so like I said, just make the mins for now and work on getting rid of the baddies. If you are still making baddies on your report with lates then you are not ready for repair.

[tiggidy08]

Thank you everyone for your awesome advice.

[adamst49]

Try http://www.springleaffinancial.com they used to be American General Fianance . They have always been easy to deal with.I put up my car and some personal home items for collateral. There may be offices in your area.