Loans For People With Poor Credit

Posted by admin on December 13th, 2008 at 12:00am

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.

Under Loans for Bad Credit