Who provides loans to people with bad credit and not a payday loan?

By pyday | Mar 29, 2010

How can I get out of debt quickly? I want to consolidate my payday loans and pay them off, but the only way to do that is if I can get a lump sum loan. Who offers lump sum loans to people with bad credit

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8 Comments so far
  1. MVD34 April 1, 2010 3:03 am

    Nobody.

    The short answer is that following the credit crisis of 2008, all main street lenders stopped lending to anyone with poor credit, leaving payday lenders as the only option.

    If you have an existing relationship with a credit union and a steady job, that might be your only option.

  2. Common Sense April 3, 2010 6:24 pm

    How does borrowing money get you out of debt? With bad credit no one loans money anymore…if they ever did before.

  3. El Conqistador April 5, 2010 4:24 am

    That isn’t going to work. Possibly a local credit union. Better answer is to decide today to never again live beyond your income and begin paying off these scam artists one at a time.

  4. cattyk April 7, 2010 7:02 pm

    Have you tried FLM loans?

    They have a very high interest rate and you need a friend or family homeowner guarantor.

    Typical APR is 42.6% though, so that is something you will have to consider.

    Hope this helps and good luck. :)

  5. Jean1234 April 7, 2010 9:05 pm

    You might be able to do something with a credit union if you are a member. If you have a house you may also be able to get an equity loan. The best alternative would be to get an extra job and pay off the loan with the extra money.

  6. Jon April 11, 2010 2:34 am

    Most lenders would willingly give a loan to someone with bad credit who has a job or collateral because
    they can charge you a much higher interest rate than someone with good credit and if you did default then they could
    take any collateral you pledged.

    for loan quotes

  7. Brad April 12, 2010 11:36 pm

    credit-report-free.totalh.com – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

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