| Help me understand PROSPER & LENDING CLUB |
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SunnyA
New Member
Cash: $ 0.85
Posts: 4
Joined: 08 May 2013
Location: Maryland
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| Help me understand PROSPER & LENDING CLUB |
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I have a credit score of 693/701/705 yet I still was declined for a $6,000 peer-to-peer loan from them and a few other places all for the same reason... NOT ENOUGH CREDIT HISTORY!! Maybe I'm new to this credit report thing, but I thought if you made a bill and paid a bill on time it was a positive reflection. Granted I only have my student loans on the report, but I still don't understand why it's an issue?
Anyone know where I can go get a loan with limited credit history? I really need this loan this week!!!!!!
It would be great to find a place where I won't have to run my credit and it hurts me 
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Wed May 08, 2013 12:25 am |
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SunnyA
New Member
Cash: $ 0.85
Posts: 4
Joined: 08 May 2013
Location: Maryland
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| Based on the information |
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Honestly I would I would because I would see that the one thing that is on the report is in good standing and is for way more than the asking amount
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Wed May 08, 2013 12:27 pm |
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SunnyA
New Member
Cash: $ 0.85
Posts: 4
Joined: 08 May 2013
Location: Maryland
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| i understand |
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You know where I might can go to get a loan of that amount ASAP? I really need this and I don't really trust these "payday loan" sites... heard too many scam stories...
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Wed May 08, 2013 5:40 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
You know where I might can go to get a loan of that amount ASAP? I really need this and I don't really trust these "payday loan" sites... heard too many scam stories...
The Car Title Loans are quick, same day cash. They are able to lend larger amounts and charge lower interest because they have the Title as collateral.
As for "pay day" loans, the scam stories are mostly urban legend, they are a highly regulated industry. It's usually the borrowers that are scamming the lenders - ie, borrowing cash and then skipping town. But they can't loan $6000, more like $600.
How about credit cards? Personally if I needed $6000 in an emergency I'd load up a couple credit cards - and then figure out how to pay for it later.
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Wed May 08, 2013 6:58 pm |
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SunnyA
New Member
Cash: $ 0.85
Posts: 4
Joined: 08 May 2013
Location: Maryland
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| I don't have any title loan places in my are |
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And like you should payday loans would only give me at most $1000 and I don't want to go and apply for 6 of them... I really need the cash today! Am I really out of options? Ugh 
Maybe I should look into loan sharks... lol j/k
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Wed May 08, 2013 7:39 pm |
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