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bad credit personal loans

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Money Talk > Credit & Loans

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corgee
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bad credit personal loans  Reply with quote  

As the economy recovers and the lending institutions and banks put the credit tightening in the past that can change but not at this time. With this being true you'll need an honest credit report to be offered a huge some of cash.

In all reality, the sole way that you'll find this out is to basically apply for a private loan and see what you qualify for. Unfortunately, there are some poor credit borrowers who won't qualify for a private loan at all as the liquidity crisis has greatly modified the way the bank system works.

If you have seen your credit history drop seriously then it is probable that you're going to get a particularly high rate of interest on your private loan or you won't qualify in any way. This could sound daunting but it's the truth, at least now.

Some private loans can be as much as $15,000 to $20,000 but do not forget that these banks and finance institutions have to cover their backs and they don't wish to lend a particularly dangerous borrower many thousands of bucks. If you're a dodgy borrower be conscious of this. Different banks will offer different amounts when it comes to a blemished credit private loan. Before the liquidity crisis some banks would give you $20,000 if you had a signature and a thrashing heart. It's no longer that way but there are still banks that are far more likely to work with blemished credit borrowers. By doing some fast research you may find out quickly which banks and finance establishments can help you more. Don't get discouraged if you're denied a private loan.
Post Wed Nov 04, 2009 11:11 pm
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iwillguide
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hello  Reply with quote  

we can get bad credit loan.its not bad but it depends on your situation that how seriously you need cash.if you think you can pay back easily from your monthly income then you can take loans

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Post Tue Nov 24, 2009 7:07 am
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littleroc02us
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In my opinion its probably not a good idea for someone who has bad credit and a poor record of repayment to attempt to qualify for a personal loan. Find a different way. Work.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Tue Nov 24, 2009 3:11 pm
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Elmira Nancy
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I need to borrow 15,000 unsecured personal loan. I have a credit score of 530, I have a cosigner who owns home, auto outright. Credit score is one of unique in these times it is over 700. What are my chances of getting the loan, and any suggestions on where I should apply

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Post Fri Dec 04, 2009 6:14 am
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littleroc02us
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quote:
Originally posted by Elmira Nancy
I need to borrow 15,000 unsecured personal loan. I have a credit score of 530, I have a cosigner who owns home, auto outright. Credit score is one of unique in these times it is over 700. What are my chances of getting the loan, and any suggestions on where I should apply


So when you don't pay this loan back is the co-signer o.k. with paying the loan? That is what a co-signer does.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Fri Dec 04, 2009 3:50 pm
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archercredit
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Going in debt can be have a snowball effect. Take a step back, get your finances in order, get your credit up, and get your priorities straight. You need a credit score high enough to get a lower interest rate. Restore your credit and pay your bills on time.

These high interest loans for people with bad credit are bad news and should be avoided at all costs. http://ezinearticles.com/?Credit-Restoration---The-New-Necessity&id=3020400
Post Fri Dec 04, 2009 11:02 pm
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Ashley Watson
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Re: bad credit personal loans  Reply with quote  

There is many bad credit loans available in market, Pay day loan is the best option for the peoples they have bad credit history. But do not worry about this Pay day loan provide you the fastest money within a day but for this you must need to have a permanent job proof. so be relax.
Post Fri Aug 27, 2010 8:46 am
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shaunsmithzig
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If you need quick cash for any short term purpose then payday loans can be your best option as there is no faxing, no credit check and no collateral required to get instant approval.
Post Sat Sep 11, 2010 10:11 pm
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jason_simpson
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A bad-credit personal loan is a relatively new offering from financial institutions that recognize that a less-than-perfect credit history doesn't necessarily mean a borrower is likely to default on loan repayment. To secure a bad-credit personal loan, you'll have to have a clearly defined purpose for the money, which will in turn affect the terms of the loan and its repayment.
Post Mon Sep 13, 2010 12:10 pm
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Jammy
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Really bad economy  Reply with quote  

I was really shocked at the turn of events in the past 3-4 years. Who could have thought the economy will get this bad?
Post Fri Sep 17, 2010 8:24 am
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jason_simpson
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Given that your poor credit score might be caused due to something accidental and unexpected, like misreported bank finance charge, your first logical step should be to review your credit report and fix whatever is possible as this can really help in broadening your options for personal loans in the future.. There are agencies which can help in repairing your credit score quite successfully and you should consider these as your first option when thinking of a personal loan with having bad credit.
Post Mon Sep 20, 2010 8:57 am
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calbeach
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Make sure that when you borrow, u know exactly what your interest rates and that there are no hidden fees.
Post Mon Sep 20, 2010 3:47 pm
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CaliChristian
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Only turn to loans if you have no other option. And yes, read the fine print so that you do not get charged for fees you didn't read about. It is fine print for a reason! Most people don't read it, but when those fees start adding up, they will tell you to look at the fine print and ta da! There is it.

Just be careful and do your research! It will pay off in the long-run.
Post Mon Sep 20, 2010 9:29 pm
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