Bad Credit Unsecured Loan

Posted by admin on November 24th, 2009 at 04:51pm

Question:
I still require answer for bad credit unsecured loan. I require $6 thousand, and my Experian has decreased to 524 and prosper rejected me.
Each time I apply for a loan my credit decreases. It was above 620. My issue is that i have sixteen accounts and all are current but only for a while longer if I can’t get assistance. My ex decided to go through the state for child support and the IRS is garnishing me by ten percent of my gross income. I really have to consolidate my bills and would really like to have the $6,000. I have an income of $48,000 from last year and i’m likely to be at 52 to 60k thousand this year. However, everything hit me simultaneously including child support which i was required to pay $1170.00 and they took $475 out of my last paycheck and their taking $511.00 out of the next one, which is not going to allow me to take care of any bills besides my rent and interest on a payday loan. I’ve been working very hard attempting to better my credit rating. I will do whatever is needed to get out of this little pit that i have dug. I can obtain that 60 points back very quickly. I just do not want any!
poor marks or late payments on my credit report anymore. I would really like your feedback. Thanks.

Answers:
The thing you absolutely must do is take action prior to any late payments. Once in a while if you contact your creditors and tell them your situation they will let you opt out of a payment for one month. Creditors basically want their money and if you contact them first they will understand that you do want to reimburse them.

You can consult with one of the small independent credit companies in your city. Their interest rates will be steeper than banks. They will not likely give you $6,000, but they may help you consolidate your bills, and then when your FICO increases you can transfer the loan to a bank loan of lower interest.

Under Loans for Bad Credit