Need a loan for personal use

Hi

With a low credit score, you might have to pay higher rates of interest. Also, there are companies that will extend you a loan without checking your credit. There are lots of scammers that are on the rise and it's better to keep yourself away from them.

Have you contacted your bank for it?

Regards
Roxette

patriotm

Hello. Getting a personal loan of that size may be difficult if you have a low credit score. Do you have any equity or perhaps a co-signer with a better credit score. If you've been in good standing with your financial institution, you could perhaps get what's called a signature loan. Depending on the loan type, there are other alternatives. Do you mind me asking what exactly the loan is for?

Regards-
Mike

the loan is to pay off some medical bills

patriotm

Getting a personal loan to pay off medical bills isn't really a good idea. You'll have the interest rate hanging over you, plus if you default, it could end in penalty charges.

I would contact the patient accounts department of where these medical bills are from and speak with someone about making direct payments. What most people don't know is that if you can't afford it...there is a chance of a charitable write-off. You need to be specific in your conversation with them, telling them you cannot afford it, and you need help. Ask for assitance, and they should mail you an assitance form. The key words you need to mention are..."I can't afford this bill. I need help."

I worked in the patient accounts department for over a year, and have seen many accounts get written off. The "charitable write-off" does not affect or harm your credit score. But getting a loan, and not being able to make a payment does.

See what the medical facility can do for you.

Regards-
Mike

How old are your medical bills? I work in hospital financial planning, so I may be able to suggest some options for you that you can bring up to the financial counselor at your hospital.

Oh, I see you are in Indiana, too! Even better, because I might be able to help you out personally, since that is where I work.

i would like a personal loan for $5000.00 if possible or for amount that is less. i would like to try to rebuild my credit. thanks for any help i might be able to receive. my number is 864-***-****.

Personal info deleted - Mike

Hi Willie

We do not offer any loans to the consumers. But you can also repair your credit by using a consolidation program.

While taking most of the loans, you might have to keep some property as collateral. But in the consolidation program, you don't have to attach anything in it. Moreover, this program offers lower rates of interest and all the bills will be combined into one monthly payment.

Also, taking a loan to pay off the past debt is not a very good decision. The reason is that you are multiplying the total amount of your debt by paying interests twice.

I recommend that you take a free counseling from the consolidator operating in your area. You will get some positive ideas to solve your debt related problems and arrange easier repayments.

Hope this helps

Regards
Roxette

From recent experience, with a low credit score, you probably are not going to get a loan. We have tried, like you, for just a few thousand dollars, and because of our credit score, were not able to get a loan. Could not even get a home equity loan. We were wanting to pay off practically all our small bills and get caught up on everything, but our score was not quite high enough. Watch out for all the scammers that will try to take advantage of you. I came close to falling for some of these, but backed off because things just didn't feel right, like the one listed above from "Oliver Jenkins". Just doesn't feel legit to me. These people will come out of the woodwork if they think you are desperate.

Hello dear,
I saw your ad on needing a loan.
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How do you obtain these private lender loans? I too am looking for a small personal loan and cannot get one due to poor credit. I already know about Prosper - are you referring to something else?