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By crystal (Guest Post)
12/29/2006
I had recently acquired a loan through wells fargo bank ,They will preapprove you for a home loan so you will know how much you have to work with,I also had not so great credit since my husband passed away and i was unable to pay debt. Not all places are to make money some will help and I think them every chance I get I also have my payment to come out of my bank account each month .
Hope this helps
www.wellsfargo.com
By dollar out of a dime (Guest Post)
12/11/2006
Have you spoken to a bank? Don't assume they won't help you, ask. You may be able to get the help you need if you are willing to accept some extra terms, like payroll deduction payments. Tell the bank what the money is needed for. Oddly enough, it can make a difference. The bank may know of resources that can help you in your area. For instance, in my town the banks know about the services the hospital has to help with medical bills.
If you are in over your head, try a credit counseling service. Showing you are working on fixing the problem, not just patching it up, will help.
If the loan is for Christmas, don't do it. There has to be another way. For car problems? Try bartering with a car place. IE: can you clean their office and bathroom for 1 month in exchange for a pair of mounted tires. Sounds silly, but it really works.
I'm not really sure why the guest poster thought that was helpful advice, but I hope this is better. I know it can be intimidating going and pouring your heart out to a stranger at a bank, especially when there's a good chance they will have to say no. But it's the best place to start. Banks are in the money business, they know how to help people with money.
Best wishes, let us know how it turns out. Your experience will help others.
By (Guest Post)
12/10/2006
Banks are in business to make money and not to lose it. Consider this a life lesson and learn from past mistakes--which means not repeating them.
I am in dire need of a loan, but my credit is horrible after a divorce. I am trying to sell/trade/refinance my car for a much cheaper car because I cannot afford the payment anymore. My car loan is in default by 60 days and in imminent danger of being repossessed unless a payment is made. If I make the payment, I'm left with $7 to last 4 weeks.
On the brighter side, I own my home and do not have a mortgage. The equity is far more than I need to borrow. I do have liens against my home from creditors, about $15,000, which is roughly 10% of the appraised value. I applied for a debt consolidation loan three months ago at Springleaf and was denied due to debt/income ratio and credit. I think I asked for too much money. I was trying to pay off everything, including the car.
I now have a new job after 9 weeks of being unemployed. I have higher pay, but my work history isn't great. Does anyone know how to find any lender who might work with me on this atypical situation? I just need enough money to buy a reliable car and six months of insurance, so a few thousand at most, under 10K. With more than ten times that amount in home equity, I have to believe some company will lend me the money. Any and all advice and suggestions also appreciated. Thank you.
By Liz A from OH
By garnetgirl9
11/04/2011
Well, we went through bankruptcy and are facing possible foreclosure, yet my husband still went to a car dealership and was able to get a car loan for a Chrysler Touring 2012 with a trade-in of his 2008 truck which he still owes money on (until I asked him if he was nuts in the head and refused to go along with it). I would say you could still go to a dealership and find a car suitable for you and work out a deal with them for the car you want and the car you need to get rid of.
I also know that it takes awhile for a vehicle to be repossessed, as my husband did have a truck prior to this one he has now that did get repossessed. I'm attributing all his behavior and our troubles to a brain injury he had. I did tell him that if we had gotten that car that perhaps we would be homeless, but we could have a nice car to live in.
Good luck.
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