Advice...

trebor56 · #1 (**permalink**) 03-22-2010, 04:17 PM

Hi,
I need some advice. I have been looking at ways to stabilize my financial situation, and, though this is not my preference, I would at least like to explore a $3000 personal loan, to address my most pressing current needs. My credit is not good, and I have no equity, possessions of any value, or well-heeled friends/relatives. My income consists of disability pay and a small pension. Does anyone have any suggestions? This is not an easy one, I know, but I am really boxed in, and there are some smart folks out there. Thoughts?

BlackDiamond · #2 (**permalink**) 03-22-2010, 07:44 PM

It would help if we had some exact numbers and knew what the loan was for.

sapphirecapital · #3 (**permalink**) 03-23-2010, 01:33 AM

there are hard money lenders but if you are at risk not paying they are really "hard"-lenders, in addition the interest rate will kill you anyway, try to do without

trebor56 · #4 (**permalink**) 03-23-2010, 10:36 AM

Thank you for the feedback. My goal is to position myself, as much as possible, to reduce current debts, and ultimately improve my credit -- reduce the most pressing debts, pay back the loan, etc. Would it make any difference if I had a co-signer with an excellent credit history?

stevenclark10 · #5 (**permalink**) 06-01-2010, 04:41 AM

Just go to the loan lender and ask him your situation. If he agree then its well and good.

Only he can do this.

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