Loans Bad Credit Ok

Posted by admin on April 26th, 2009 at 12:00am

Question:
Where can someone get long term loans bad credit ok and high interest ok?
I have to be approved, and I do not care about the rate of interest. I am able to make the regular payments, I currently have a good job and have to consolidate my debt. I wish to have only one bill. Please do not tell me that this is not a good choice, because it’s my last resort. I just want to know of a place where I may get approved, no matter what the interest rate is. I do not want a payday loan.

Answers:
To obtain a long term loan you would need collateral. Is your home paid for? And you do really care about your interest rate? You do not know that you can follow through with the payments if the interest rate is very high. I am sorry that I am not much help but you did not provide me with enough details.

If you own a car or other pretty high value asset, that could be used to secure your loan. You may find a finance company that can issue you the loan.
Usually these loans bad credit ok are restricted to the value of the asset being used for collateral. Other than that, your greatest bet would be to locate someone with good credit who can co-sign for your loan. Finance or loan companies are typically more inclined to give this kind of loan than banks or credit unions. You do need to be careful though. One missed or late payment and your vehicle could be taken away.
You would be more better advised to contact Consumer Credit Counselling Service rather than getting a consolidation loan. You are usually able to resolve your debt, rebuild your credit and save finance charges.
My recommendation would be to get as many options available as you can.
Best of luck.

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