HOW TO GET A LOAN WITH BAD CREDIT?

My credit is hideous and I still owe credit label companies. The thing is, I wish to take out a loan to compensate off these credit cards. How can I get a loan with bad credit? What have been the common requirements?

{ 5 comments }

♫ Mad Luv ♫ June 23, 2014 at 1:39 pm

don’t piggy back your payments like that! it’s not good!
But if you must get ahold of a colidation company!!!

jayendris73 June 23, 2014 at 2:04 pm

It depends if you own a home or not. If you do and have equity, then you could possibly get a HELOC to pay off your credit cards. Keep in mind that there are hundreds of different programs available from many different mortgage lenders to choose from…even with bad credit. Obviously your rate wont be the best on the planet so you will have to weigh the pros and cons.
Hope this will help in some way.
Give em hell!!!

clicks June 23, 2014 at 2:37 pm

There are ways to do this but the interest rates can be quite high. Maybe you should put in place a sound debt management strategy and save some more. Its just a matter of being patient and doing your research into debt consolidation loans.

richard k June 23, 2014 at 3:25 pm
gabriel jones June 23, 2014 at 3:37 pm

Bad credit is one of the worst problems to have… however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

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