Where can I get a small loan with bad credit?

Submitted by elliemae330 on Thu, 08/16/2007 - 14:28
Forums

where can I get a loan for $1000 with bad credit? I can make the payments with no problem. I just want to have a cushion to start over with? Also trying to rebuild my credit.

Terry (not verified)

Simple - you need to get a secured loan - they can never refuse you that one

Put $500 down (into a CD or something) - and offer that as collateral and borrow $500 - then pay it off...and do it again and again.

You will get I1's which are better than R1s (for credit cards) and thats the start

Thu, 08/16/2007 - 20:45 Permalink

Consider banks, the credit cards that you get despite bad credit.

Fri, 08/17/2007 - 10:18 Permalink
Anonymous (not verified)

As far as I know, credit reports eliminated the R1, I1 etc nomenclature years ago.

Secondly, there is NO guarantee that you will be extended credit simply because you have secured the loan with collateral. I have seen plenty of people denied on collateralized loans.

Tue, 08/21/2007 - 16:39 Permalink

I think there are credit cards for people with low credit scores. The best option is use old existing credit cards. Faithfulness pays off.

Wed, 08/22/2007 - 08:48 Permalink

Please be carefull with someone advertising for a loan- as was posted above.Also, anyone wanting you to send them a deposit or money up front is bad news.

Unless you can get a loan from family with no interest, I would put the money you were going to make in payments back, and save that.

We had banked at our bank for years, had numerous loans, always on time and paid back. A Collection agency hit our credit report, and I tried to get a loan with collateral- was denied!

If you have bad credit- I would check out the 3 CRA and see if there is something there that shouldn't be, etc. to get that cleaned up as much as possible--Good Luck..Karen

Sun, 09/30/2007 - 16:14 Permalink

The ad above, for a loan......I din't think these kind of posts were allowed, but, I don't know. The phone number is an overseas number. I'd becareful.

Mon, 10/01/2007 - 02:20 Permalink

A lot of things have happened already??? Spams in this forum? :shock:

Tue, 10/02/2007 - 05:06 Permalink

Morningstar...........the loan info above.......wasn't this the SAME info you 'removed'?? I've seen this post other places, on this forum ( from 'Privateloan'?) Not good info.

Sat, 10/06/2007 - 09:23 Permalink
WOODSON HEATHER (not verified)

Good morning my dear brothers and sisters in Christ, I am Mr Woodson Heather, a reputable, legitimate and accredited money lender. I loan money to Christians and trust worthy people in need of financial assistance at 3% interest rate. Do you have a bad credit or are in need of money to pay bills? Let me take this medium to inform you that I assist beneficiary reliable as I'll be glad to offer you a loan.Please write with the below information. After the reply, you will be sent a loan application form to fill. (There are no credit check, 100% Guaranteed!) I hope you will allow me to be of service to you. Sincerely. Contact us via email: (woodsonloanagency@yahoo.com) with the Applicant Information below:
Full Name;
Country:
Amount Needed;
Monthly Income:

Fri, 06/25/2010 - 17:22 Permalink

If you are a "legitimate and accredited money lender", then why have I never heard of you? No credit check?..(you would take that risk? SO many of these 'ads' are scams. Too bad people actually fall for them. These 'money lenders' prey on those who are very desperate, financially. Hope one of the Mods will see this and delete it.

Mon, 06/28/2010 - 07:39 Permalink
Landon (not verified)

Let's see you have horrible cdriet , and you want to borrow $4000. Hm. Nope. I believe I'll pass. Looky here: if you have horrible cdriet , you're not in a position to dictate the terms of any loan you might be lucky enough to fall into. Lenders look at your past to predict your future and looking at your past, they'll see that you don't pay your debts on time or at all. That said, they'd be foolish to let you have any money. You've already shown you're not trustworthy.This is a pretty harsh answer, but it sounds like harsh is something you haven't had enough of yet.

Wed, 08/29/2012 - 03:15 Permalink

Whatever CC's or loans you have now, you should just keep paying on them. I know sometimes things can get really difficult (financially) however, if you DO get another loan, you would just be componding on what you owe already.The more you pay the debt of existing loans, your credit score will improve. Also,..want to say, do NOT take out any Payday Loans!! Most of them are illegal and the % rate is extremely high!! They DON'T help you get out of debt. ALOT of them, the % rate is almost 50% and is considered illegal!!!!! If you live in PA, NO PDL is legal (I don't care what state they are in). Just my advice to you.

Mon, 11/19/2012 - 11:56 Permalink
Management (not verified)

standard chartered Loan Firm
===============================
This is a FIRM formed to help people in need of help, such as financial help, If you are short of cash and in need of financial assistance
standard chartered Loan Firm are here to help you with loan.
============================
If you are interested in obtaining loan from standard chartered Loan Firm kindly get back to us through this email address below for more info

Email: stcbank@europe.com
Thanks
Management

Tue, 07/04/2017 - 00:13 Permalink
Management (not verified)

standard chartered Loan Firm
===============================
This is a FIRM formed to help people in need of help, such as financial help, If you are short of cash and in need of financial assistance
standard chartered Loan Firm are here to help you with loan.
============================
If you are interested in obtaining loan from standard chartered Loan Firm kindly get back to us through this email address below for more info

Email: stcbank@europe.com
Thanks
Management

Tue, 07/04/2017 - 00:14 Permalink