subject: Loans Online for People with Bad Credit [print this page] Loans Online for People with Bad Credit
Borrow Money Online : Easy Loans for People with Bad Credit.
Times are tough, we hear it all the time. When you turn on the news, the radio, open a newspaper - it's the same thing - all the time. Newscasters speak with sympathetic voices about job loss and the state of the economy. The phrase "in these troubling times" seems to be the mantra for the decade. The media can sound as sympathetic as they like, perhaps they really are, but they have jobs - good paying jobs - and I think most of us are tired of hearing about it.
For people who are strapped for cash, the world can be a cold and mean place. Mistakes made when you were young, quite possibly before you knew what the word "credit" really meant, can really cause you problems later in life. I know this first hand, because I have dealt with it myself. I was never taught about credit and how you need to guard it with your life.
Note: If you do not have the best credit. You should check out services like Online Loan Referal Site . They specialize in fast and easy loans of up to $1500.00
My parents were extremely responsible people, who made decent wages, but for some reason they never thought to teach me about money management or fiscal responsibility. If you don't learn this when you are young, you are in for a really difficult ride. I ruined my credit before I was even 18, with a Time Life book order. I remember getting that book in the mail without having to pay for it on the spot. That book is a symbol to me, a symbol of years of horrible mistakes and life altering irresponsibility.
No one likes to borrow money. At least no one likes to borrow money to live. Getting a loan for school or a business is one thing, but having to borrow money for rent or groceries is something else altogether. It is hard to get the courage to ask, and unfortunately if you have bad credit, it's often hard or impossible to get a loan - no matter how badly you need one.
I am in the process of repairing my credit. I am lucky enough to have a decent job in this economy, but I can't get a credit card and I certainly couldn't get a mortgage or home loan. I know plenty of people in the same situation. Oddly enough, I also know people who are struggling right now, with no job and no money, but who have sterling credit. These people are so hyper responsible that they will not borrow against their credit because they don't know if they are going to be able to make payments. I would trade places with those people in a minute.
If you are one of those people who are in the middle. You do not have great credit, but you need some money to live. You think you could pay it back, but unfortunately you don't have a high enough credit score for a micro loan from the bank, there are some alternatives. I am NOT talking about check cashing stores. Check cashing and payday loans are to be avoided at all costs. That industry is currently under a lot of scrutiny for predatory lending practices. They are well known to put people in debt and keep them there for years. Imagine paying back $5,000 on a $500 loan. That sounds crazy, but its how those places are structured. Remember, do not walk into one of those places, it could be a mistake you pay for, for years.
There are several alternatives that might be what you are looking for. Online lenders are popping up all over the place. Often these businesses are privately funded so their credit check is little to none, and the decision is based on their personal opinion of whether or not you will pay it back. Most require that you do have a job and/or a verifiable address, but the interest and payment agreement is much more reasonable than a payday loan. You can usually get a loan from $500-$1500 to get you through for a short time. This is often enough to pay rent, utilities, or get some groceries or gas in the car.
Online lenders are usually funded by private investors who can afford to risk money on the assumption that 80% of the people they lend to will pay back the loan with a small amount of interest.
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