I was forced to take Hard loans

Your priority should be to clear this loan as early as possible so that you can acquire good credit ratings. Your creditors will be interested in knowing how you paid this loan in the recent past.

Any creditor will also evaluate whether you have the capacity to pay the loan. Putting something in collateral will guarantee the creditor that you will pay back the loan.

Thanks for the respons Ben. My house is being used as collaterral and the loan was quite large. My concern is this - If I was unable to get a decent loan 2 weeks ago, how will 3 months of small payments get me out of this loan and into another before I suffer more outrageous charges? I was forced into this loan by desperation. :oops:

Billc - I was thinking if a loan from any of these methods will be helpful.

• You can take a small loan from a credit union.
  
  
• You can also ask for some pay advance from your employer.
  
  
• You can borrow money from family or friends. Make sure that you do it in writing.
  
  
• You can use a credit card advance.
  
  
• When you take a loan from your creditors, you can request for some additional time from your creditors while paying the bill
  

Unfortunately, cc's are maxed and I inherited all debt in the divorce settlement. All other obvious options were exhausted prior to my taking this "hard loan". ??? I do have a solid job of 23 years that isn't going anywhere and will provide me with a great retirement. This is my only + as I can tell.

So, are you thinking of some cash advance from your employer. Make sure that it does not hurt your financial worthiness during your retirement.

Bill, my fiance had the same situation, same loan... He ended up consolidating it, which is something to consider.
YOu can also request a grace period, if you explain your situation. You may have to live on the bare minimum for a little while, but atleast you're taking care of a very imperative loan.