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Loans?
Apr 15, 2014 13:53:49 GMT -5
via mobile
Post by Andrewghbk99 on Apr 15, 2014 13:53:49 GMT -5
Does anyone know anywhere where I can get a loan from? These online sites are bunch of bull And keep directing you to site after site.
I'm in a bad way as in I need to move there is to much tension here and I got two kids. Any suggestions? Need like 3000.00
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Loans?
Apr 15, 2014 13:55:39 GMT -5
Post by T R W on Apr 15, 2014 13:55:39 GMT -5
Go to your bank. You can usually get 1 or 3 year personal loans at a fairly low rate if your credit is decent. If you have bad credit, you are probably screwed unless you go to one of those rip of loan places that charge insane interest rates and take advantage of people with bad credit.
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Loans?
Apr 15, 2014 14:00:41 GMT -5
via mobile
Post by Andrewghbk99 on Apr 15, 2014 14:00:41 GMT -5
Yeah credit is garbage .  |
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Loans?
Apr 15, 2014 14:06:59 GMT -5
Post by T R W on Apr 15, 2014 14:06:59 GMT -5
If you end up borrowing from one of those "no credit/bad credit places" you will likely be paying back more than double what you borrowed. I can't recommend it at all unless you are about to be homeless with absolutely no other alternative. You would be better off borrowing from friends or relatives, or enduring your current situation while saving as working as many extra jobs as you can to save the money. If you have terrible credit, the only places that will give you money are places that are going to absolutely completely rape you and take advantage of you.
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Loans?
Apr 15, 2014 14:11:29 GMT -5
Post by James on Apr 15, 2014 14:11:29 GMT -5
Easy way, don't take out a loan. It's more trouble than anything.
If you don't mind me asking, it is for moving correct?. Then, can't you get child allowance?
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Loans?
Apr 15, 2014 22:03:05 GMT -5
Post by The Mask of Truth on Apr 15, 2014 22:03:05 GMT -5
If you have 2 kids, your county might be able to offer assistance.
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Loans?
Apr 15, 2014 22:13:34 GMT -5
Post by Halloween King on Apr 15, 2014 22:13:34 GMT -5
Have you looked into housing assistance? I know I use to work with a girl who would talk to me about a program called Section 8 housing. Something where they help you with rent. Perhaps your church can help you? I know Catholics have a charity program in place. Maybe try a family member? Or friend?
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Loans?
Apr 15, 2014 22:23:18 GMT -5
Post by King Bálor (CM)™ on Apr 15, 2014 22:23:18 GMT -5
Go to your bank. You can usually get 1 or 3 year personal loans at a fairly low rate if your credit is decent. If you have bad credit, you are probably screwed unless you go to one of those rip of loan places that charge insane interest rates and take advantage of people with bad credit. I wouldnt call them a ripoff place. I've worked for places like that. They are for people who are unable to borrow from a bank. Frankly, bad credit is a sign of high risk. With a high risk, you need a higher interest rate in order to out run your losses. If these places did not exist, there are thousands of Americans who would have no place to borrow money, re establish their credit and attempt to rebuild their credit history in order to qualify for those low interest loans. In addition, credit isnt the only thing banks look at. You can have FABULOUS credit, but a number of other factors can still prevent you from borrowing at those low rates. The idea of charging high interest rates would have help prevent the housing industry crash that was the leading factor in the recession this country faces today. Too many mortgage companies charged such low interest rates, including for high risk loans, they were unable to out run losses. That caused govt. bail outs, foreclosures, and companies going out of business. High interest rates dont just make a company money, but they help prevent major losses. Statistics show a portion of high risk loans will in fact pay you back, but a higher portion will not. If enough interest is charged, a financial institution is able to out run those losses and continue to lend to other high risk consumers. |
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Loans?
Apr 15, 2014 22:24:06 GMT -5
Post by Halloween King on Apr 15, 2014 22:24:06 GMT -5
Also if you're hard up for cash try scrapping. I would rather scrap than work a min wage job. Scrap yards pay decent money for metal, aim for Brass or Copper and even aluminum is ok. Sometimes when I want fast cash I sell Pallets. I go to a warehouse, sometimes they throw the pallets away or dont care, other times I buy them for a dollar. Usually though at a scrap place you can get almost 3 dollars per pallet.
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Loans?
Apr 15, 2014 22:36:55 GMT -5
Post by JC Motors on Apr 15, 2014 22:36:55 GMT -5
You have 3 options,
1. The bank
2. Credit Union
3. Loan Shark
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Deleted
Joined on: Aug 2, 2024 15:12:09 GMT -5
Posts: 0
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Loans?
Apr 15, 2014 22:57:10 GMT -5
Post by Deleted on Apr 15, 2014 22:57:10 GMT -5
A bank.
Anywhere else will gouge you with high interest rates.
Of course, if your credit sucks then a bank will deny you a loan and you'll have no other choice.
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Loans?
Apr 16, 2014 2:47:51 GMT -5
Post by Word™ on Apr 16, 2014 2:47:51 GMT -5
You have 2 kids and your looking for a loan on the internet?
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Loans?
Apr 16, 2014 9:06:19 GMT -5
Post by MrPerfect25 on Apr 16, 2014 9:06:19 GMT -5
Go to your bank. You can usually get 1 or 3 year personal loans at a fairly low rate if your credit is decent. If you have bad credit, you are probably screwed unless you go to one of those rip of loan places that charge insane interest rates and take advantage of people with bad credit. I wouldnt call them a ripoff place. I've worked for places like that. They are for people who are unable to borrow from a bank. Frankly, bad credit is a sign of high risk. With a high risk, you need a higher interest rate in order to out run your losses. If these places did not exist, there are thousands of Americans who would have no place to borrow money, re establish their credit and attempt to rebuild their credit history in order to qualify for those low interest loans. In addition, credit isnt the only thing banks look at. You can have FABULOUS credit, but a number of other factors can still prevent you from borrowing at those low rates. The idea of charging high interest rates would have help prevent the housing industry crash that was the leading factor in the recession this country faces today. Too many mortgage companies charged such low interest rates, including for high risk loans, they were unable to out run losses. That caused govt. bail outs, foreclosures, and companies going out of business. High interest rates dont just make a company money, but they help prevent major losses. Statistics show a portion of high risk loans will in fact pay you back, but a higher portion will not. If enough interest is charged, a financial institution is able to out run those losses and continue to lend to other high risk consumers. High interest short term loan places like Cash Advance, payday loans, etc do nothing to help your credit. |
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Loans?
Apr 16, 2014 16:45:58 GMT -5
Post by King Bálor (CM)™ on Apr 16, 2014 16:45:58 GMT -5
I wouldnt call them a ripoff place. I've worked for places like that. They are for people who are unable to borrow from a bank. Frankly, bad credit is a sign of high risk. With a high risk, you need a higher interest rate in order to out run your losses. If these places did not exist, there are thousands of Americans who would have no place to borrow money, re establish their credit and attempt to rebuild their credit history in order to qualify for those low interest loans. In addition, credit isnt the only thing banks look at. You can have FABULOUS credit, but a number of other factors can still prevent you from borrowing at those low rates. The idea of charging high interest rates would have help prevent the housing industry crash that was the leading factor in the recession this country faces today. Too many mortgage companies charged such low interest rates, including for high risk loans, they were unable to out run losses. That caused govt. bail outs, foreclosures, and companies going out of business. High interest rates dont just make a company money, but they help prevent major losses. Statistics show a portion of high risk loans will in fact pay you back, but a higher portion will not. If enough interest is charged, a financial institution is able to out run those losses and continue to lend to other high risk consumers. High interest short term loan places like Cash Advance, payday loans, etc do nothing to help your credit. I didnt say cash advance or payday loans. I am talking Citifinancial, Loans USA and other Consumer Discount companies. They charge upwards of 28%, here in PA cuz that is the state max, and high rates all over the USA. They DO report to credit bureaus and they do serve as a chance to rebuilt your credit. |
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Loans?
Apr 16, 2014 18:27:13 GMT -5
via mobile
Post by MrPerfect25 on Apr 16, 2014 18:27:13 GMT -5
High interest short term loan places like Cash Advance, payday loans, etc do nothing to help your credit. I didnt say cash advance or payday loans. I am talking Citifinancial, Loans USA and other Consumer Discount companies. They charge upwards of 28%, here in PA cuz that is the state max, and high rates all over the USA. They DO report to credit bureaus and they do serve as a chance to rebuilt your credit. I gotcha. I misunderstood. The places I mentioned will hurt your credit but won't help it. I did a research paper on those establishments for a business class in college. |
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Loans?
Apr 16, 2014 22:28:11 GMT -5
Post by King Bálor (CM)™ on Apr 16, 2014 22:28:11 GMT -5
I didnt say cash advance or payday loans. I am talking Citifinancial, Loans USA and other Consumer Discount companies. They charge upwards of 28%, here in PA cuz that is the state max, and high rates all over the USA. They DO report to credit bureaus and they do serve as a chance to rebuilt your credit. I gotcha. I misunderstood. The places I mentioned will hurt your credit but won't help it. I did a research paper on those establishments for a business class in college. If you really examine consumer discount companies....they can hurt your credit too. It works a little different though, depending on your situation. If you are an A paper customer and you borrow from these companies, it can drop your score. Why would an A paper customer do it? #1 reason is they have an INSTANT turn around time. If you have that stellar credit, you can apply over the phone, be instantly approved and pickup your check all within 15 minutes. Also privacy policy is much more strictly enforced here and thus you can keep it from your spouse easier. If you have bad credit and you get approved, it cant really hurt your credit score...cuz your score sucks already. No lending institution will turn down an A paper customer because they chose to use a consumer discount company, but it can negatively affect their credit score. Wherein with a bad credit customer, their score isnt their number 1 priority but trying to rebuild a credit a history can be. The need for a good history trumps a credit score with bad credit consumers. On a side note, I find the current credit scoring system to be a complete and total farce. When there is no scientific mathematical computation for one's score....how exactly can institutions deem this to be the main basis of determining one's interest rate or credit worthiness. Before FICO scores became "it" lending institutions were forced to actually READ a credit report, something I find most banks and credit unions and the such have NO ability to do so. They have no idea what a 1 or a 2 or a 3 means on a report how to calculate a debt to income ratio....let alone know what it means. They allow a computer to report a score, calculate a DTI and determine an approval. While it takes the human element out of the equation, it also puts owness on a credit score that I have seen on countless occasions to be inaccurate and a DTI that neglects to remove old debt that is still reporting, but is clearly paid off. |
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