Bad Credit Loan

Submitted by mking78 on Mon, 10/13/2008 - 00:57
Forums

Who are some people I can approach for a loan with Bad Credit

I am not rel sure. There are places that will charge you a lot higher interest. What state are you from?

Mon, 10/13/2008 - 01:09 Permalink

Thats the problem I am not from the US, I am in an overseas country and we have nothing here unless you have A1 Credit

Mon, 10/13/2008 - 01:11 Permalink

Hi mking78
It is very difficult to get a loan at an attractive rate of interest with a bad credit score. However, I think that you can get a payday loan, but the rate of interest on such loans are abnormally high and may range from 400% to 900% and sometimes even more. Payday loans will in fact push you to vicious circle of loans and so you must avoid it. So instead of taking a payday loan I think that you can spend the amount you need from your credit card and repay the amount to the credit card company on a monthly basis. Alternatively, you can also choose to take an advance from your employer and repay it on getting your next paycheck.

Fri, 10/17/2008 - 13:17 Permalink

Please do not turn to a payday lender. It may seem like a quick fix but it will only make the situation that much worse and take soo much longer to pay back.

Fri, 10/17/2008 - 22:24 Permalink