November 29th, 2009 
admin I dont want a payday loan, but need a personal loan and have terrible credit. I am really plotting on taking the money and paying off my 3 current credit cards (total is $2k) and rebuilding my credit that way. Any suggestions? And please dont say prosper cause all that did was make me keep requesting and noone ever helped.
Related Posts
Credit - Twitter Search
Beers on Tuesday started out disappointing, but full credit to Stan (English Rose Luton) for the Atlas Golden Amber - superb!
2010-03-10T23:33:45Z | Reply | View Tweet
Project Manager with Credit Card Experienc, The Judge Group #Jobs #Tech #Atlanta North http://bit.ly/9ftEXi
2010-03-10T23:15:21Z | Reply | View Tweet
Get Help, Cash for Real Estate Deals, Bad Credit No Problem http://www.theonlinecreditscore.com/?p=1570
2010-03-10T23:14:14Z | Reply | View Tweet
Latest Loans Advice @ Bad Credit Business Loans: No Fuss Finance for Business http://tinyurl.com/ycsp3wu
2010-03-10T21:24:15Z | Reply | View Tweet
Please ReTweet (http://caltweet.com/850 ) - The New Banking and Credit Event - Costa Mesa <-- RSVP HERE
2010-03-10T21:23:59Z | Reply | View Tweet
Posted in 
Tags: 
I really wish there was an option for you. But, it is going to be next to impossible for you to find a financial institution that will give you a personal loan whether your credit is less than excellent.
Since your debt quantity is reasonably small maybe a temporary moment job would be the answer…it would not take long to pay off 2k.
You can get a personal loan from your bank up to $5k depending on the following factors:
1) Annually income
2) How long you’ve been employed by your current employer
3) How long you’ve lived at your current address
Attempt a few different banks b/c some may deny you whereas others won’t. Whether no bank will grant you the loan, attempt to get a personal loan from your friends or family. Pay them the market worth of that loan (5-6% interest) and enter into a written contract with them on payment plans and a due date.
I’ve done this with my parents when I went into credit card debt. I had a due date, a monthly minimum, and an interest rate greater than that of the CD they took the money from (approximately 6%). It was all in writing in case I failed to fullfill my obligation so it would stand up in small claims court.
The point is to make a win-win. You want the money at a low interest rate, but you need to give incentive for them to loan you money. And security in that you’ll pay them back.
There are institutions who specialized in providing loans for people with terrible credit:
Check this site:
http://www.badcreditresources.com
http://www.newhorizon.org
Anyone can have a terrible credit record. Mistakes do happen. But what we should do is not to repeat the mistakes.
Follow the same advice when it comes to loans. Whether you have a terrible credit history, then go for a terrible credit loan. It is a feasible loan option to let you fulfill your financial goals. A terrible credit history can include arrears, defaults, bankruptcies, County Court Judgments etc.
Generally, adverse credit loans are given as …..