Grants to start a business
Which Credit Unions are the most generous at granting credit cards and loans?
Question
Bad credit, no collateral...loan possible?
I am 21 years old and I have incredibly bad credit, no stable work at the moment, and no collateral. I realize this probably sounds absurd, but is a loan possible? I want it for a business start-up, an ingenius one at that, but it definitely takes money to make money. Is there any way? I've looked into grants but every website promising "free money" charges you for their services. I'm really desperate, any suggestions would be really appreciated. Thanks Yeah no work at home scams please, or some fellow from Nigeria offering me a million to stuff envelopes...
7 months ago - 5 answers
Best Answer
Chosen by Asker
I doubt it. I don't know anyone who would give you a loan with no stable job. If it is a really large amount, they WILL want collateral. You should look for people to invest in your business to get it up and running. First, I think it would be handy to get some sort of income.
by ltrip84
7 months ago
Asker's Rating: 
Other Answers
With really bad credit the answer is "no" plain and simple. Credit requirements have become even stricter not more relaxed. What you can do if you have this great business idea is apply for a federal grant specifically designed for young people such as yourself. It's not a loan it's a grant so you just submit your idea and watch the money roll in.
by Anjell- 7 months ago
so you have no job, bad credit, and no collateral... sorry, no one is going to loan you money, that is waay too risky for a bank. you could ask a family member, but family loans aren't a great idea. you say you want to start a business... maybe you should find a job, save some money and then try and start one, you are young and have time. i think you should try and resolve the things with your credit to improve your score. good luck to you
by number two is on the way™- 7 months ago
)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) This is a problem that everybody face this days. trust me i have being in this same situation and just last week, someone introduce me to a loan fairm in yahoo answer about UNsecured Loan that he has being approve for a loan that i can try and see if my will be granted off which i put it to a test and i was approved and given a loan fund of $4000USd that i requested from them and i will be starting my repayment after 4 months of loan offer. I will help you with the Loan Office address but since you are looking for a loan i will like to know what kind of business that will be good for me to put the money into so that i can make the repayment as soon as possible cause i nerva plained to get a loan as big as $4000USD please let me know. Loan Office Email is unsecuredloanupdate@live.com you can try the firm and see how they can help you.... please also let me know the type of inverstment that will be good for me.. ((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((( Loan Office Email is unsecuredloanupdate@live.com
by joyce- 7 months ago