Personal Loan With Bad Credit

Posted by admin on October 30th, 2008 at 12:00am

Question:
Can I get a personal loan with bad credit?
I have bad credit because I am pretty young and I have no co-signer, but require a personal loan. Does anyone have any ideas?

Answers:
You are in luck. I was in your position at one time, but I obtained something called a secure credit card, if you require a personal loan with bad credit. now they are not that great because you might end up paying twenty percent interest on them, as well as the fact that you have to put the money up front, which is about three hundred, and you have to pay those fees (one time of 30 typically) but after one full year, you receive your money back. Also it does wonders for your credit rating. I started with absolutely nothing and am now up to 740. but be careful. Just check out this youtube video.
http://www.youtube.com/watch?v=FunpS4QXcRI&NR=1

This requires patience as well as a savings account. Start establishing your financial future: Get an occupation. Get both a checking account and a savings account.
Put ten percent of your income into a savings account and leave it in there.
Do not overdraw your checking account and always live within your means.
When a year or two passes, apply for a credit card or personal loan with bad credit with your bank.
By that time you will not need a loan since you have enough money in your savings account. More than likely you will have forgotten why you required this loan so badly, and will not spend your money on a possession that does not represent a good value for your much hard earned money.

This website has some good, personal loan with bad credit options. I discovered it to be useful.
http://badcredithomeloans4u.blogspot.com/

Under Loans for Bad Credit