"Where can I get a loan with bad credit?" Asking such a question makes sense because there are many lenders who outright refuse to grant loans if a person has a damaged credit report. However, people with a bad credit history need not be disappointed. There are several specialist lenders who come to the rescue of the debtors with bad credit. There are many options a debtor with bad credit can turn to. A bank is one of them.
Bank can be an alternative:
A person with bad credit can approach the traditional banks. The reason being, investments made by banks are very conservative. There are more chances that a bank will grant loan to a person who has a bad credit because the money they are using actually belongs to the depositors. From time to time, banks offer various plans to help out people in financial distress. A debtor with bad credit may avail such a program.
Another way of doing away with debts is not to take an additional loan again; instead a borrower may opt for debt management plan. Taking another loan will only add to more troubles for the debtor. It will lead to a vicious cycle of bad loans. A debtor with bad credit can also work out either all by himself or with the help of a debt consolidation program to lower the interest rates and allow the debtor to pay a lower monthly installment.
Hi ,My name is Elaine and I am trying to get a sma...
Hi ,My name is Elaine and I am trying to get a small loan. I want to use this loan to pay off my credit cards, I will also use the money as a cushion to make sure that I have money for the lil things that come up, I have 3 wonderful boys ages 13,9 and 7. I have been through bankruptcy about 14 yrs ago.I need help to improve my credit.Your site looks very interesting and has alot to offer. I appreciate everyone's help.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.