Personal Loan and Bad Credit...

User Name · #1 (**permalink**) 06-04-2009, 02:02 PM

Quote:

Originally Posted by wwam87

Hello everyone! My name is Will, and this is my first post on this site. A little background on me...bottom line, my credit is pretty bad. I took out a personal loan and am still paying on it. My mother co-signed for me. I've made all the payments and was only late maybe a couple times. Each time I was late I called and let them know the situation (keep in mind this was only on one or two occasions). However, the personal loan is not the reason why my credit is bad.

A long time ago I applied for a sears card. I never actually received the card, and I kind of just forgot about it. I started receiving letters in the mail saying the amount owed was handed over to a collections agency. I never once used the card so I didn't know how that was possible. I was unemployed at the time, so I could not pay off the debt.

I want a motorcycle, and last weekend I went to a local dealership to see if I was eligible for financin*** The sears card came up on their search, and they told me that it was really hurting my credit. Needless to say, I was denied a loan. I plan on paying off this sears card tomorrow.

With all that said, here is the reason for this thread (and I hop you all are still with me, Lol): I still want a motorcycle. With my credit being what it is, I was wondering if there is any way I can take out a personal loan WITHOUT a co-signer. I don't care about interest rates or anything like that. I make decent money so cash is not an issue. I just need to know of any reputable, legit companies that would allow a person like me to take out a loan for about $6,000-$8,000.

I'm sure some of you guys see this a lot and I apologize if I'm touching on a subject that has been answered a thousand times. But as I've stated, the money is not an issue, just need someone who will approve me!

Thank you.

The answer is no. Your in no financial condition to purchase a bike right now either. And, you should care about the interest rates! Why would you want to be underwater and paying thousands more for something you don't even NEED. Also, if you never received or used the Sears card then why would you pay it off? That would be identity theft and needs to reported as such. Pay off your bills ON TIME, save your money, and pay in cash.

User Name · #2 (**permalink**) 06-05-2009, 12:41 PM

Quote:

Originally Posted by wwam87

Don't be a fag!

Anyone else?

LOL. Don't be a financial idiot looking for bad advice to fit your wants. Good Luck.

MarkHamilton · #3 (**permalink**) 06-09-2009, 06:22 PM

I dont know why you would come to this site calling people names when they gave you an honest answer.

By the way anyone who runs up credit cards and has no concern about paying it back is a theif in my book.

brian · #4 (**permalink**) 06-17-2009, 10:39 AM

wwam87, you obviously have deeper problems than credit issues - despite asking for help and other people volunteering time to provide helpful suggestions, you simply went into a tirade of abuse.

Your credit sucks, and yet you lash out at people who try and help.

Best of luck trying to get through life with that attitude, and in the meantime, thanks for visiting - you are the weakest link - goodbye.

kenty · #5 (**permalink**) 07-08-2009, 04:25 PM

Think about this logically. If you don't care about interest rates, then you're going to end up paying around $10000.00 for that $6000.00 bike.

dietcoke · #6 (**permalink**) 10-22-2009, 08:50 PM

How do you owe money on it if you have never even seen that card or made a purchase on it? It does not make any sense.

sapphirecapital · #7 (**permalink**) 10-23-2009, 07:10 AM

if you never got the card and it was used you can ask for a proof of the charges and they will have a copy, tell them it is no you and file a police report, send a copy of the report to Sears and a letter to the credit agencies with a copy of the police report that the account they quote does not exist.As far as the bike, now that depends on you and how much money we are talking about, a hard money lender may take you when you can show the income, seems not to be on the W8 anyway