Question
Horrible credit loan?
Anyone aware of a finance company that can assist with a horrible credit loan? I am stuck in a rut and need to find a lender that will give the chance, I have been all through the internet, local finance companies, all i get in return is no for an answer, or payday loans with high pay off amounts in the end. I am in a very bad situation right now and need a lender who will give me the oppurtuinity to prove myself. I currently have a current loan, but no one will offer me credit until 6 mnths of good pmt history, I only have 3 showing so far; that is all the longer the loan has been out. ANY HELP PLEASE!!!!!!!!!!
2 years ago - 5 answers
Best Answer
Chosen by Asker
I recently learned about a website that uses everyday people to fund loans instead of banks. It's VERY interesting and I am considering going to them myself both for a current loan I desire and for a possible investment further down the road. Check out www.propser.com. From what I read, it appears that lenders (again, just people, not banks) bid against eachother to have the opportunity to fund your loan. The more they bid, the lower the interest rate (the opposite of ebay). This company has been written up in magazines like Fortune, so they're legit. I realize that I sound like a sales person, but I'm just fascinated with the possibilities for both lenders and borrowers with the system.
Source(s)
www.prosper.com
2 years ago
Asker's Rating: 
Other Answers
Try the below website, they might have something for you
by Alex K- 2 years ago
With only three payments showing, I can't think of anyone that would loan you money. My banks require at least 12.
by spifiman1- 2 years ago
You could try this site. They have some helpful bad credit loan information. Good luck-that's a tough situation! loan ...
by Reenie- 2 years ago
Have you tried American General at www.loansfast.com? They're not too picky-- but it would depend on the dolllar amount-- I assume you want an unsecured loan so it couldn't be over a few grand. Also be prepared for 22%+ APR. They usually do a 3 year loan term-- so check out some calculators and see if that would help you or not.
by Amanda H- 2 years ago
Personal Loan With Bad Credit: Today the lenders have started offering nearly all varieties of loans for people with poor credit record.They are also introducing many new loan products meant for this group. Now people with poor credit can get the same choices as those with the good or mediocre credit. Today you can use bad credit personal loans for many purposes like car purchase, vacation or even debt consolidation.
by hendy h- 2 years ago