I need help regarding personal loans

New credit is tough for people with bad credit history. There is hardly any reputed bank that will offer new loans because of low scores. Only bad companies that want to scam people will offer loans to people with bad credit. You give your money to them and they will run away with it. They will also ask for some fees upfront and you will never see the principal in your account.

Besides, most companies will ask for collateral, so you can't afford to risk that when the credit history is not so good.

Let me steer you to a suitable direction. Have you thought about some debt management program, like a consolidation, settlement etc. How much is the total amount of your debt? Let's discuss.

No, I am not looking for a debt consolidation company right now. I am looking for a lump sum to get rid of payday loan debt and some credit card debt. It's the only way that will help me get out of debt fast. Thak you for your reply. It is greatly appreciated.

I know a lump sum seems like the way to solve your problems, but believe me, it isn't. I got one of these types of loans about a year ago, and it cleared some debt, but then I had this big loan payment to pay back.

Did you know you can consolidate your payday loans and credit card debt? If you do a debt consolidation program, you can make one affordable monthly payment to the company you work with, and they will distribute the funds to your creditors each month. They can usually negotiate with your creditors to get interest rates lowered, overlimit and late fees waived, etc. You're creditors will also report to the credit bureaus that you are making regular monthly payments on time, which will help make your credit stronger.

If you are dead set on getting a loan to try and pay off your other debt, be careful because people with bad credit/no credit seem to be easy prey to scum bag lenders. If you are being offered a loan but have to give the company any money at all up front, beware, it's a scam.

If you entered your details when you joined the forum, a debt counselor should be contacting you shortly. They can discuss your situation and the options available and help steer you on the right path. I know from personal experience, when you're desperate and further in debt each day, you'll do anything for a quick fix to try and better the situation. But this is when you can do something to make things even worse than they were.

I understand what you are saying. I did talk to a debt consolidation company one time and they said I was on my own with the payday loans and that they couldn't do anything about it and as for obtaining a pesonal loan, I did end up paying $125.00 up front to a company online and I never did get approved for a loan. Thank you Tiffany for your response. I'm new at this and I'm finding myself in deeper trouble so I appreciate all the advice everyone gives me.

Not all debt consolidation will leave you alone if it is about payday loans. You can tell the consultant who will be calling you soon and he will let you know if there is any help for you. And, you already felt the pain of sending money upfront to an online loan company, I recommend, not going that way because your credit is bad and unfortunately, you are an easy catch for many scammers. If this consultant can't help you, post your comment here and maybe someone will do something for you.

There are two companies I know of that consolidate payday loans. I am using one of them to consolidate my payday loans. PM me if you want the info. You may also find that you've been paying illegal finance charges on your payday loans, and depending on how much you've already paid, the state you're in etc., they might already be paid off and then some.

Are your payday loans from storefront lenders or online loans? What state are you in, what payday companies are you dealing with, cost of loans, how much paid on each so far, etc. The more details you can give, the more info we can provide to help you out.

need to get loans to get out of them taking half of pay check a week in state of Ohio been paying on them for 3 years

Hi dennis! I am in OH as well. Are you talking about payday loans? If so, I can help!

need advice on how to get out of pay day loan takeing my pay check

Hi Dennis, write a detailed explanation of your situation in the payday loan forum. The community will be happy to give you suggestions since most of us are going through the same ordeal.

has anybody heard of Intrepid crdit services in brooklyn, new york. they offered me a loan but im unsure about it. please let me know if anybody has heard of them.

Unauthorized advertising forbidden!Cajunbulldog