Question

personal loans with bad credit?

We are a family in Windsor Ontario that is in desparate need of a loan to catch up on back rent but have not been successful with banks in the area due ot bad credit. Any ideas?

2 years ago - 14 answers

Best Answer

Chosen by Asker

There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements. Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on. www ...

by Gary H

2 years ago

Asker's Rating: 

Other Answers

CREDIT UNION!!!!! Submit your sob story along with the application. Offer your vehicle as collateral.

by busybody123- 2 years ago

try prosper.com ------------ 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. But if you have some assets to offer as collateral, your chances brighten. The primary reason why people with poor credit history do not get loans is because the lenders are scared that the borrowers will default again. But if you can offer collateral, your lender is secure in the knowledge that his money is in safe hands. You have to try and meet the repayment schedule, failing which you lose the asset.

by qoppei- 2 years ago

Get valuable tips on bad credit from moneymentor ... . It's a very useful website.

by kamar- 2 years ago

People with poor credit feel that it is difficult to get personal loans. However, there are many financial companies and banks that provide loans to bad credit applicants. Bad credit personal loans are generally sought<!--by persons who want to consolidate their loans.Some banks prefer to provide loans in an incremental order. First time customers are given loans ranging from $200 to $500, depending on their net income. You can get more about personal loans here, badcredits ... These customers can later apply for loans up to $1,500. Loans of greater amounts can be fetched through secured personal loans. These loans are passed by taking your property or home as collateral-->The interest rates on secured loans are lower than unsecured loans. However, there is always the risk of losing your house or property if the loan is not repaid.

by Iron m- 2 years ago