As Morningstar mentioned, a credit union is a very good choice (if you can get accepted into a union). I used to work in the airlines field and we had credit unions trough the airport. My company had its own union where I, with my messed up credit score and history was able to obtain a loan at 7.9% APR.
Also.......if your Credit Score is low, and you are having difficulty finding a place to loan you money, you can use your Savings account ( if u have one), for 'collateral'. Usually something, like this, is very little % rate. I've done this before. It maybe an 'in house credit', kind of thing, BUT, it will show your bank that you are respnsible in making payments. Just some advice.
Last resort (thats if you REALLY need the money): Take a loan against your 401(k). It may hurt you in the long run though (it will also cost you a lot of fees, taxes etc).
Money is taken out of your paycheck (pre-tax, I think), and an employer typically matches in part, or in some cases, in full. It is usually invested into a group fund. That's the best I can really explain, perhaps others will be more knowledgeable (stupid me never took advantage of it when it was offered).
There are various banks which do offer personal loans. Get in touch with them, compare the interest which suits you the most.
Try a credit union, too.
Be prepared, unsecured personal loans often have steep interest rates.
Hey johnax210134,
As Morningstar mentioned, a credit union is a very good choice (if you can get accepted into a union). I used to work in the airlines field and we had credit unions trough the airport. My company had its own union where I, with my messed up credit score and history was able to obtain a loan at 7.9% APR.
loan
Also.......if your Credit Score is low, and you are having difficulty finding a place to loan you money, you can use your Savings account ( if u have one), for 'collateral'. Usually something, like this, is very little % rate. I've done this before. It maybe an 'in house credit', kind of thing, BUT, it will show your bank that you are respnsible in making payments. Just some advice.
Last resort (thats if you REALLY need the money): Take a loan against your 401(k). It may hurt you in the long run though (it will also cost you a lot of fees, taxes etc).
could anyone please explain 401(k) to me?
Money is taken out of your paycheck (pre-tax, I think), and an employer typically matches in part, or in some cases, in full. It is usually invested into a group fund. That's the best I can really explain, perhaps others will be more knowledgeable (stupid me never took advantage of it when it was offered).