Loans for Bad Credit
November 24th, 2009 at 04:51pm
Under Loans for Bad Credit
Question:
Getting a bank account with really poor credit history?
Would anybody have any knowledge on what basic bank accounts or overseas bank accounts can be opened with a really poor credit history or even financial institutions that do not run credit checks? I need a bank account without any overdraft, card, etc.
Answers:
My son opened one with Halifax, he has to go into the branch to get his money out and after about six months, they have issued her a cash point card as well as an overdraft on her wages. It may be worth going into a branch and asking – you will require a lot of ID but you should be able to get a standard account with a bank book.
I do not think you will find one that will not run a credit check, I wouldn’t go into overseas accounts since their regulation might not be the same as ours.
Sadly, with a poor credit history you will struggle. They will run a credit check to satisfy money laundering rules. Ones issuing current accounts etc will attempt to make profit in other ways like offering you overdrafts as well as credit cards loans and perhaps even mortgages. They look at the larger picture. Someone with a poor credit history gives them no future relationship or any profit, and essentially they are just doing you a service for free.
I would suggest the best thing you can do is go and visit them in the branch one day. They may get things overridden if you are able to put yourself across in the proper way.
If you reside in the US, try going to a credit union as they may be more flexible. The caveat is that if your poor credit history includes owing banks due to bad checks or cancelled accounts, you will need to fix those issues first. Credit is not as much of an issue, unless you have to owe a bank for an old account closed by them as a result of negative balances.
By admin
November 24th, 2009 at 04:51pm
Under Loans for Bad Credit
Question:
Does anybody know who performs Bad Credit loans?
I was wondering if you know of any company that does loans for an individual with bad credit. (poor credit, low score, and very many inquires) It can be secured with a steep rate of interest. I desperately need the funds for bills.
Answers:
Yes some, for example fastcash or payday loan. However your interest rate may be at 200% when you reimbursed the balance. Asking for a loan with high interest rate doesn’t assist you very much. If you have a mortgage to pay, contact them to explain your situation. Your mortgage should work out with 2 or 3 months waiver payment. You might need to consider reducing personal spending if you are thinking of a few thousand dollars loan. Since you already have a poor score, your bank will require title of your new vehicle as collateral and charge you with 24% rate of interest. Ask for money from your family beforehand. An extral loan does not not help you either because you are in financial hardship.
By admin
November 24th, 2009 at 04:51pm
Under Loans for Bad Credit
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.
By admin
November 24th, 2009 at 04:51pm
Under Loans for Bad Credit
Question:
Are there loans for people who have bad credit in Canada?
My brother who has poor credit wants to put in an application for a personal loan.
Are there any decent ones that will accept him?
Answers:
Tell your brother to wait and save his money for what he wants the personal loan for people with bad credit for and at the same time to better his credit score — he will not be able to get a decent loan and will only harm her credit more in the long run.
If you have some possessions to give as collateral, your chances increase. The main reason why people with bad credit history do not receive loans is because the lenders are worried that the borrowers will default again. However if you can give collateral, your lender is happy in the knowledge that his money is in good possession. You have to attempt to meet the repayment schedule, and if you do not you lose the asset.
If you do not own any collateral, try to get an unsecured personal loan, which is uncommon for people with poor credit. It is essential that your credit record is clean for an unsecured personal loan. On the other hand, some lenders can accept your case due to inevitable reasons.
By admin
November 23rd, 2009 at 03:42pm
Under Loans for Bad Credit
Question:
Loan for Bad Credit?
I require a loan for approxmiately $4,000 to pay off the remainder of my credit card debt and other things. My credit is poor. I have a current excellent pay record with my existing bills and the like and make payments on the cards, however, with the interest rates and extra fees, I can’t quite catch up with the older purchases. And they won’t cooperate with me on shrinking or freezing the additional charges. If anybody knows someone that can assist me in getting a loan for bad credit please help. I wish to get married soon but will not want my debt to become my spouse’s. I have a decent steady job, I simply need help.
Answers:
If you have a current excellent pay record, then your credit rating might not be as poor as you think.
You have two choices: consolidate your debts so you have just a single bill and a single repayment, or tackle the accounts individually. The main problem with consolidating is that those companies are doing it to make money, so you’ll probably end up paying more interest than prior.
List all your debts and examine the interest rates carefully. Pay extra to the ones with the biggest rates – the ones that are especially costing you the most. Bring the balance down, and you will pay smaller interest. Check if your decent steady job can stop some of your pay cheque at source and channel it towards repaying the debt. Even ten or twenty dollars each pay cheque will probably make a difference, and when you don’t have it in your hands, you are less likely to spend it elsewhere.
There is usually something you can get rid of to leave you more in your bank account, and that could be used towards your end goal too.
Do you have a membership at a credit union? Because if profit is not the main motivation, it could be the right solution for you.
See this as a challenge. You can do it!!! And best of luck with your future nuptials!
I own a small credit union loan which is now pre-paid a few weeks ahead of agreed repayments. I would like to see the balance coming down, and add every tiny sum I can to get there faster. I am in charge of my finances.
By admin
November 23rd, 2009 at 03:42pm
Under Loans for Bad Credit
Question:
Information about a loan for people with bad credit?
I am a tenant and am trying to get loan for people with bad credit for about a thousand dollars, perhaps a little under but i need it as soon as possible. I have really poor credit; however I have only defaults, no CCJ or bankruptcies. I require the loan over a short length of time. I have tried to get one from providential but I was unable to get one due to just moving to a new home.
Answers:
The last thing you need is a loan for people with bad credit.
Bad credit brings bad credit, it’s a vicious cycle.
Lexington Law Firm is the most reliable credit repair company on the planet. They get rid of all kinds of bad credit such as charge offs, collections, repossessions, late payments, tax liens, bankruptcies, foreclosures, judgments, and others.
After going over your situation, there are two things that come to my mind. One is Unsecured Loan and the other would be a Payday loan. Both are available to you even if you have a poor credit history. Do not worry about that. But if you need loan as soon as possible and only for a short period of time, I feel you should go for a payday loan. They seem to meet to all of your requirements.
how about going to Mutual? I have an account with them and they are a great company. I discovered that provident interest rates were way too high, and I believe that’s important when you require a short time loan. I hope this assists you.
You can try to apply on the internet at http://www.e-paydayloan.co.uk to get a quick payday loan and get $1,000 within a few hours, directly deposited toward your bank account.
Poor credit isn’t a problem. There are no credit history checks.
Go to http://www.e-paydayloan.co.uk/apply.html. It is easy. I already borrowed a loan with the same company.
By admin
November 20th, 2009 at 04:55pm
Under Loans for Bad Credit
bad credit alliance
Question:
How can I get a credit card and a decent bank account?
Hello everybody, I am an overseas student here and wish to have a credit card and good bank account but my credit history reveals bad credit alliance, but i have been here for the past 2 years. i currently only own a solo card even though my salary is decent, around 600-800 per month and i just got a basic account. Is there any bank or organization which can help me in obtaining me a credit card first and establishing my credit history? i tried capital one as well as bad credit alliance leicester, and i got my credit report and found the address where i used to live contributed to my bad history, so can anybody please help me with this? i need it as soon as possible, since all my friends got one who came after I did in my class. Please help.
Answers:
You don’t actually want a regular credit card. I believe perhaps a secure credit card will be a good idea for you. Essentially, you save up two or three hundred dollars and go to your bank and request a secured credit card. They get the money and hold onto it for you and issue you a credit card with a pre-set credit limit, but you pay the card off at the last of every month. If you would ever default on your monthly payment, the bank will withdraw it out of the money you gave them up front. In either case, most secured credit cards report to the 3 credit agencies every month, which will help you achieve a decent credit standing (if you keep up with paying off your bill every month!).
Best of luck!
Go to Lloyd’s TSB. I once had a basic bank account since I was unemployed for a period of time. After three months of full time employment they altered it to a Classic account and now three months have passed and I was given a Platinum account. They are consisitently helpful and nice. I’m not sure if it’s simple to get a credit card through them as I need no help going into debt. Check them out and see if they can only say yes or no. My experience with them says that they are very good.
By admin
November 4th, 2009 at 12:00am
Under Loans for Bad Credit
Question:
Do you know what a bad credit payday loan is?
Answers:
If you are an individual of bad credit but can verify that you have are employed with a steady paycheck, you can obtain a loan from a company that will issue you a loan based on a contract stating to pay them back on your next payday.
This is generally a very bad idea, since they charge you service charges and interest and additional costs that are outrageous. They usually have you write them a check for the total that you will have to pay, afterwards if the check bounces they slap you with both criminal and civil penalties.
The trouble with the bad credit payday loan is that you’ll receive it, spend it, and then when you reimburse them on payday, you’re back to having no cash, which will require that you get an additional bad credit payday loan, and so on. then they have you.
By admin
October 25th, 2009 at 12:00am
Under Loans for Bad Credit
Question:
Information about a loan for people with bad credit?
I am a tenant and am trying to get loan for people with bad credit for about a thousand dollars, perhaps a little under but i need it as soon as possible. I have really poor credit; however I have only defaults, no CCJ or bankruptcies. I require the loan over a short length of time. I have tried to get one from providential but I was unable to get one due to just moving to a new home.
Answers:
The last thing you need is a loan for people with bad credit.
Bad credit brings bad credit, it’s a vicious cycle.
Lexington Law Firm is the most reliable credit repair company on the planet. They get rid of all kinds of bad credit such as charge offs, collections, repossessions, late payments, tax liens, bankruptcies, foreclosures, judgments, and others.
After going over your situation, there are two things that come to my mind. One is Unsecured Loan and the other would be a Payday loan. Both are available to you even if you have a poor credit history. Do not worry about that. But if you need loan as soon as possible and only for a short period of time, I feel you should go for a payday loan. They seem to meet to all of your requirements.
how about going to Mutual? I have an account with them and they are a great company. I discovered that provident interest rates were way too high, and I believe that’s important when you require a short time loan. I hope this assists you.
You can try to apply on the internet at http://www.e-paydayloan.co.uk to get a quick payday loan and get $1,000 within a few hours, directly deposited toward your bank account.
Poor credit isn’t a problem. There are no credit history checks.
Go to http://www.e-paydayloan.co.uk/apply.html. It is easy. I already borrowed a loan with the same company.
By admin
October 21st, 2009 at 12:00am
Under Loans for Bad Credit
Question:
How about loans for people with poor credit?
I am searching for a small loan (about $2,500 dollars) but my credit is bad and I have been rejected by my credit union. Any recommendations?
Due to health conditions between my spouse and I over the last couple of years, our credit rating is in the tank. I got a stroke and my spouse has had four cancer operations. We have too many payments and not enough funds to pay them all without some method of consolidating. Can I get loans for people with poor credit?
Answers:
You’re right, you should never be judged all because you have poor credit, and I would recommend you keep searching. There still hope that you can obtain a loan from somewhere.
I would also suggest prosper.com. It requires a lot of work and effort but if your credit is not too poor they will assist you. They also report to one of the three credit bureaus.
You need to quit borrowing and begin paying. Loans for people with poor credit will only make their problem worse. You question is the most frequently asked one on here, which must tell you something. I do not want to be harsh, but you have to go in the other direction.
Best of luck to you! lenders are not willing to take any chances anymore. Try going to credit counselling service. They will work with your lenders in lowering the monthly payments and interest, and also rebuilding of your remaining accounts like credit cards, forgiving the delinquency. You usually issue one payment to the credit counseling service company, and with that, they pay all of the creditors to which you owe that are on the plan. I hope this will help you.
By admin
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