Laon application is declined due to my debts

Hi

You are always getting declined maybe because of your credit scores that got lowered because of these debts. Take a free counseling from the consultants here and they will offer you lower repayment options. They will negotiate with your creditors to eliminate the late payment fees.

Once your debts are paid off through this program, your creditors will update your accounts with the bureaus and the scores will also rise. Then you won't have any problems in getting the loan.

You are right David. Lucky, can you tell us how many unpaid accounts are there in your report? Late payments, charged-off, collection ??? these are negative marks that hurt your score a lot.

It's obvious that your future creditors will not like it if you have a huge amount of unpaid debt. It increases the risk of lending money to you.

I'm sure, once you pay all the debt back, through debt consolidation program, your score will go high and there will be no problem to receive more credit too. So concentrate on paying the debts off first and build up a good credit.

You can enroll to receive free counseling offered by this site-

https://www.debtconsolidationcare.com/free-consultation

i was able to get a loan with american general financial services and i have a pretty bad credite score. they were able to use household furniture to secure the loan

fka22

Was this for a small loan that you applied for. This is actually a first for me, to hear about using household furniture items as collatoral.

Mike

I have never heard of a loan company taking furniture for collaterial. Normally they take a vehicle, or on those lines for collaterial.

They put tvs and appliances to secure my loan

If the loan was for a small amount, then I can understand the furniture or maybe they have changed their policies, and accept different types of collaterial.

yea actually iy was only a 4000 loan. that is probably why

I just tried to get a loan from my bank yo pay off my credit cards but it was denied due to my low credit rating because I haven't paid off my credit cards. What am I supposed to do? I would be willing to have my wages garnished if that would secure the loan I need. Is there any way to get a loan without collateral if you have bad credit?

Suzus_petals...thats always a catch_22. You're in bad debt and want to get a loan to get straightened out but because you are in bad debt, you can't. Been there done that. I've even had some to tell me to pay some of my things off and they would give me the loan. DUH....If I had that kind of money, I definitely wouldn't be trying to get a loan. But I learned the hard way, a loan to pay off a loan never works!! It might fix things temporarily but in the long run, you end up in over your head.
As far as collateral, you have to have something to put down for the loan, something to back it up with. I have had to put down computers, big screen tvs and riding loan mowers down in the past.
Have you talked to the people here about debt consolidation? That might be a good option for you to look into. shirley