Does anyone know of a legit loan company for people with bad credit?

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My Husband and I are in a really bad financial situation and trying to find out how to get out of it. One of our cars has been kind of reposessed and the other about to be and our mortgage company is going to send our acct for foreclosure review as of tomorrow if we can’t make the house payment. I really need some substantial money to get us caught up. If anyone knows of any company that would help us it would be great. We filed bankruptcy about two years ago and we now have some other collections on our credit now also. Please help!? thanks in advance!!

3 Comments
  1. Reply
    douglas l
    May 3, 2011 at 11:40 pm

    Not looking to lecture you here but you declared BK 2 years ago and already have collectors after you? Something is seriously wrong with your money management and that needs to be looked at before you go looking for more money you can’t pay back. Borrowing money to pay money is absurd. No one is going to give you a personal loan with that kind of credit record. If you have a repo and are about to be foreclosed you will not qualify for anything but Nigerian loan scams.

    This is going to sound harsh but it’s meant to be helpful. You are beyond the point where the law can help you as you cannot declare bankruptcy again. You cannot get a loan to bail you out. You should just let it happen. Your cars and house will be auctioned off which will defray what you owe on them which can then be repaid on payment plans. Sell off anything, I mean anything, you do not vitally need to help repay the debt. In the interim you need to make arrangements for alternate housing with family or friends until the storm passes. Then you need take a serious inventory of your income and spending. You are obviously living well beyond your means on mortgages, credit cards, and car loans with ludicrous interest rates and fees. ALL of that needs to go away before you can rebuild. And that’s exactly what you need to do..rebuild. No more credit, no more loans, and assess how much you can reasonably afford.

    Best of luck to you and I hope that after all of this has passed you will have gained a valuable life lesson.

  2. Reply
    John R
    May 4, 2011 at 12:10 am

    I can’t understand how you could have declared bankruptcy 2 years ago and already have collections.

    No legit company will loan to you. I don’t want to be mean, but you are a huge credit risk with that kind of a record.

    Just curl up in a ball and take it. They’re going to come get your house and your car and anything else you have on payments.

    Pick up extra work if you can and start over WITHOUT using credit at all.

    Pay cash to rent an apartment or small house. I would seriously recommend it if you could find a house or mobile home with a rent to own plan so you’re not just throwing money away on rent and in several years you could own it and sell it for a large chunk of cash to pay off other stuff or put a down payment on a new home.

    Cut up any credit cards you have right now. Pay cash for groceries, gas, and everything else. Get an extra part time job. Sell stuff on craigslist or something. Refinish old junk furniture and sell it at your local flea market on the weekends. Do anything you can to make money, preferably in cash and squirrel as much of it away as you can, because you’re likely to get hit with serious bills that you won’t have credit cards to cover.

    Start mailing objection letters to everything you can on your credit and hope that some of them fall off. That doesn’t mean you don’t owe the money, just that it won’t be reported on your credit and may give you a chance to pay off the others.

    You have a long road ahead of you. Sorry, there is no quick fix.

  3. Reply
    mysery0125
    May 4, 2011 at 12:40 am

    Try American General Finance .http://www.loansfast.com They might be able to help.

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