Getting a Loan With Bad Credit

Is there any place that will give you a loan, not a payday loan, when you have very bad credit, no home ownership, but do have a full time job? I am desperate in PA.

Bonnie from Erie, PA

Ad
Flag
December 10, 20060 found this helpful

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.

ReplyWas this helpful?Helpful? Yes
Flag
December 11, 20060 found this helpful

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.

Ad
ReplyWas this helpful?Helpful? Yes
Flag
December 29, 20060 found this helpful

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

ReplyWas this helpful?Helpful? Yes

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related
In This Article
Credit history document.
Getting a Loan With Bad Credit
Categories
Budget & Finance AdviceDecember 7, 2006
Guides
Woman Buying Car
Car Loan vs. Paying Cash
What is a Good Credit Score?
What is a Good Credit Score?
A couple buying a wedding ring.
Buying a Wedding Ring With Bad Credit
Credit Report on Table
Raising Your Credit Score
More
🎄
Christmas Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
You are viewing the desktop version of this page: View Mobile Site
© 1997-2016 by Cumuli, Inc. All Rights Reserved. Published by . Page generated on November 23, 2016 at 4:12:09 PM on 10.0.0.235 in 1 seconds. Use of this web site constitutes acceptance of ThriftyFun's Disclaimer and Privacy Policy. If you have any problems or suggestions feel free to Contact Us.
Loading Something Awesome!