bad credit loans?
my credit score is so poor. i need to do loans again. but i wonder if there is a company out there who can help me. who can loan me. even if i got lotsa loans out there and have bad score.
As far as I know, Bad Credit Loans are loans given to people hav
As far as I know, Bad Credit Loans are loans given to people having bad credit history. But these loans usually come with a high rate of interest.
If I were you then I would have gone for other debt solutions available in the market suited to my situation and circumstances.
debt consolidation program - it can reduce your apr and late payment charges. Thus reducing your total debt.
debt management Program - It comes with professional credit counseling and reduction of total debt through APR lowering negotiations and waiving of penalty charges associated with a debt. It has positive efet on your credit score.
debt settlement Program - It can reduce your debt by 40 to 60% but will lower your credit score significantly.
Be Careful Phoenix
Just an FYI, Debt management or CCCS does not improve your credit score. It does lower it. Each account that you enroll in debt management program will show on your credit report that they are enrolled in such programs. This is a reflection of poor debt management and it negatively affects one's credit rating. Unfortunately many people have the same misconception of debt management. Although the effects are not as severe as Debt settlement, they are negative.
As a debt management professional, I think it's vitally important for one to consider time frame as well. Although settlement is more punishing to one's credit, the enrolled typically graduate in 12 - 36 months. With debt management the enrolled can be in the program for 5 - 7 years. In many cases the shorter time frame can offset the credit impact.
Just a thought...
