How can I get a loan that is not a payday loan, or a small personal loan that I can pay off in monthly payment

by admin on 29. Jul, 2010 in Personal Loans

I have poor credit, and self-employed and my job does not offer direct deoposit. I do have an active checking account,

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Tags: Loan, monthly, Payday, Payment, Personal, Small

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6 Responses to “How can I get a loan that is not a payday loan, or a small personal loan that I can pay off in monthly payment”

billieleann78 29. Jul, 2010 at 7:00 pm #

Prosper great site you pay back monthly and credit is not that big of a factor.Had this on CBS News.
JP E 29. Jul, 2010 at 7:14 pm #

I think different country may have different financial institutions providing all sorts/forms of different financial packages.

In Singapore we do have a couple of companies doing that focussing on those not so rich people. Banks may also undertake such loans where they call ‘term loan’, others called it ‘personal loans’. All of them have their own criterias to follow before an application is approved/rejected.
Faye H 29. Jul, 2010 at 8:01 pm #

Your options are limited with poor credit. You should work on bringing your credit score up first.

Pay all credit cards ON TIME. Late payments hurt people on their credit score a lot more than people realize.

Reduce your debt. That’s probably not what you want to hear since you’re looking for a loan but high debt to income ratio is going to kill you on your credit score. Also, if you’ve maxed out your credit cards, you’ve lowered your score big time. Lenders look at your credit limit and how much of it you are actually using. If you have a card with a $5000 limit and you have $4999 charged on it, you’re lowering your score. You need to get that down to under 30% of the credit limit. On a $5000 limit card, keep the balance under $1500.

Start paying the credit cards off. Always pay MORE than the minimum monthly payment. You’ll be in debt forever if you only pay the minimum.

And I agree with you. Stay away from pay day lenders. Their interest rates are ridiculous and it will just put you deeper in the hole.
Reenie 29. Jul, 2010 at 8:01 pm #

This site has helpful information about personal loans and you could find out if you would qualify based on your poor credit. There are a lot of companies out there that will offer “bad credit” loans, but I’m sure you know you’ll pay a high interest on them. Good luck! http://loan.divinfo.com/
Mr Chris Peters 29. Jul, 2010 at 8:53 pm #

Hello There,
I am Mr Peters i am a registered loan lender who gives out loans at low interest rates of 3 to 5 %.I give out these funds to well interested borrower who are interested in using it for either for there business or for personal reason.If you have a bad credit and you are down financially,then you are in the right place as i will be sending you my terms and condition when you have stated the amount of loan you need.
When contacting me please please include the amount of loan you need and your names for the loan proceed.I will be expecting your mail soon.Contact me via email at cpc_consultant@yahoo.com

Thanks you
Maggy G 29. Jul, 2010 at 8:55 pm #

Try the below company