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Question regarding loans with bad credit?

hard money loans


thanks for reading my question. I have a financial need that I HAVE to get satisfied within the next month or so. My credit is basically shot thanks to my ex wife. We went through the divorce and she got me off the loan so right now I rent. I applied through many large banks like Bank of America, MBNA, Washington Mutual etc and haven’t had any luck. The financial need is about 7k. My question is are there any places that will do a hard money loan, or will a credit union do a loan for someone with bad credit? I’m not looking to put up my car, which i owe money on anyway and dont have any collateral such as a house since i rent. Any ideas? Thanks in advance!

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5 Responses to 'Question regarding loans with bad credit?'

  1. gorchris - July 29th, 2010 at 5:28 am

    I feel for you brother. I was in the same boat. You have a long road a head of you. I dont know what you have on your credit score but if you can dispute any negatives, do it. There are companies out there that provide a service disputing on your behalf. There are also companys out there “not banks” that will loan you the money your looking for but with a sick interest rate. Look in your yellow pages under loans and start making those phone calls. What ever you do, getting your credit score back is a long and painfull journey. Best of luck.

  2. Michelle - August 1st, 2010 at 9:37 am

    Try refinancing your current car loan see what your number will be and if you can afford it. The bank will payoff what you owe and give you what you already paid. I did this once before

  3. jamesPurple - August 2nd, 2010 at 4:43 pm

    Maybe there :

    Good luck !

  4. jec0620 - August 4th, 2010 at 8:16 am

    banks are probably not going to be a good place to turn for unsecured or car loans if your credit is shot. I would advise that you talk to someone at a loan company as opposed to a bank. Banks tend to favor real estate secured loans and safer loans in general. If your credit is shot and you don’t have any collateral, then I’ll be honest, its going to be a tough one.

  5. gabriel jones - August 5th, 2010 at 11:53 am

    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 a straight to the point ebook with question and answer I found :

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


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