Credit Help?
becca B asked:
I have bad credit, I m drowning, could lose my home is there anyway to get a loan for 5000.00 to combine my bills into one?Debt relief programs won t help……..need cash.
Jesus
I have bad credit, I m drowning, could lose my home is there anyway to get a loan for 5000.00 to combine my bills into one?Debt relief programs won t help……..need cash.
Jesus
Tags: Bad Credit, Credit Help, Relief Programs
July 27th, 2009 at 2:24 pm
Evelyn
stop spending
July 29th, 2009 at 3:03 am
Lucille
Hi there
If you own your own your home, have you tried Green Hill finance, they say that even if you haven;t got a good credit rating, they may still be able to provide you with a loan.
Hope this helps.
Scott
July 29th, 2009 at 4:32 am
Diana
Read some useful credit tips and more on this site to help you with it
July 30th, 2009 at 11:47 pm
Duane
Debt Diet
August 1st, 2009 at 2:35 pm
Roger
You may not like what I am going to tell you but it is the truth… you don’t need to borrow $5,000 because you are only going to have to pay it back. What difference does it make if you owe five places $1,000 or one place $5,000. Granted the interest rate may be different but that’s still not enough difference to get you ahead… it just gets you even. Why complicate your life more? The only sensible answer is to either increase your income or reduce your expenses (or combination of each). You can increase income by getting a roommate, part-time job or business, working overtime, selling things you no longer need. You can decrease expenses by cutting out some of the pleasures that are really just costing you money that you could be applying to existing debt. Do you need a cell phone? Must you have cable tv? Can you trade in your car for a cheaper one? Are you paying too much for your home? If you think things are bad now, what happens if you lose your job or need auto repairs or medical bills? You really need to spend more than you make not shift debt around. It’s still going to be there no matter if it’s one creditor or ten. Make a serious plan to get out of debt and then down the road you can have $5,000 in the bank instead of needing $5,000 to bail out. By applying things that make sense for you to cut costs or increase income (any amount will help) you will be able to boost the credit rating up. In the meanwhile, talk to your employer about an advance or with a credit union about consolidation; however, have a repayment plan ready so you don’t end up needing another loan to cover the loan. Stop spending on credit immediately. If all else fails, maybe losing your home won’t be a bad thing if you can rebuild yourself and maybe pay cash for a home in another 10 years. It’s not going to be easy and won’t be overnight but I know people who bounced back from $100,000+ in debt. Be determined to change your lifestyle and it’ll end up changing your life. I am sorry that I cannot loan you money but I am in the process of following my own advice and it seems to be working.
August 2nd, 2009 at 11:10 am
Jacob
if you have a home, have you thought of getting a home equity loan? that would probably be the best option of getting a loan.