I have a full time job and have worked for 5 years plus. I just need some short term help to get caught up on bills. Any ideas?
I Have Bad Credit, No Bank Account And Am In Need Of A Short Term Loan Of $3000 With Low Interest. Help.?
5 Responses to “I Have Bad Credit, No Bank Account And Am In Need Of A Short Term Loan Of $3000 With Low Interest. Help.?”
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The parameters you lay out… are IMPOSSIBLE..
Why on EARTH would anyone loan to you at the BEST interest rates when you have a PROVEN track record of not paying your bills on time… if at all???
Its time to get REAL here… quit spending the money you DONT have….
Open a bank account. Start saving money. It’s actually quite easy to do once you’re organised.
Once you have opened an ATM card account, get another one that is a passbook account, which you can only access over the counter. Get your employer to put a proportion of your wage into this account. 10% is a good start, but most people can do much more than that. If you can’t save enough to get yourself out of this mess, you don’t really want to get out of the mess, do you? To save $3000 you would only need to save $60 a week for a year. Prioritise your bills, and start paying them.
Cut back your expenditure. No landline phone, no internet at home (unless it is absolutely necessary for work) and no pay tv or other luxuries. Keep groceries to the basics. If you want to get out of this mess, you will find ways to cut back, and put the extra money into the debts.
In most situations, a loan doesn’t fix money problems. It just makes it worse. If you can’t get a loan, that’s a good indication that lenders don’t consider you a good risk. With bad credit, you don’t have a hope in hell of getting a loan with low interest.
The savings plan I have suggested will immediately improve your credit rating. Lenders like to see savings, even more so than a good loan repayment history. So take my advice and save your way out of debt. If you get a loan, you’re just getting another bill, and making your situation worse. In many countries, it is illegal to pay a debt with borrowed money — in Victoria Australia you cannot pay off a credit card with a credit card. You need actual money.
You should contact the organisations you owe money to, and make arrangements to pay back the money. THey just want their money back. Say you will pay a certain amount by a certain date, and stick to it. The money going into your ’savings’ account will be only for these bills.
Prioritize your bills. Pay food, utilities, housing and transportation first. Everyone else can WAIT until you have the money. If you can’t catch up before they get around to suing, you can’t afford the loan.
Bad question to ask here because now your email will be flooded with spam messages like the one above me.
There is no fix for someone in your position. Banks will give you a loan for $3000 maybe but that will come with fees and 20%+ interest rates.
If you are smart enough to be careful, you can try to open a 0% credit card or do a 0% balance transfer with no fee credit card.
That is the best that I can do but you pretty much screwed yourself and you will have to deal with that.
For you to get a loan, you have to have a bank account and have direct deposit going into that account. What you need to do is to open a bank account first (checking). Look online to see it there are banks that will open an account for you that you don’t have to go through Telecheck. Get that established in good standing for about 3 months then go to prosper.com and apply for a unsecured loan. Prosper.com have people lending you money up to $25000.00 but your credit score has to be at least 520 to apply.