| Question |
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Best way to get a secured loan with bad credit?
I need to pay off some bills and I want to us my new car as collateral. I paid 19K for it this month. Could I get a loan for 14K with awful credit? I needed a good car for my job but I also want to pay off some bills! :)
The car is 100% paid off. And I am trying to clear up old debt and my credit. I have a good job and am paying off bills from when I was hurt at work and couldn't work for almost 2 years.
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| By
snape4good |
Posted on
06/23/09 Total Answers
8 |
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| Answers- |
| Is the car COMPLETELY paid off??? If you are making payments on it, it cannot be used for a secured loan. |
| Answer by :
Ryan M On Date
2009-06-23 15:44:07 |
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| Did you pay cash for the car? If you could do that, why is your credit so awful?
You might be able to find someone to give you a secured loan if you own the car free and clear - but realize that it's worth a lot less used, even slightly used, than it was new. But they don't want your car - when they make a loan, they want to collect your MONEY that you owe them - and if your credit is "awful" you haven't shown a good record of willingness or ability to pay your bills. |
| Answer by :
Judy On Date
2009-06-23 15:52:33 |
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| First, you have to own it (hold title). You can't use something for collateral that you don't truly own.
So let me get this straight, you bought a car for 19K recently, and now you need money to pay off bills. Unless you paid cash, who was dumb enough to lend you money to buy this car?
Sounds like we are getting a preview of the next episode of "repot man"! |
| Answer by :
LK On Date
2009-06-23 15:54:27 |
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| Bad Credit Does Not Mean You Cannot Get A Loan.One of the most popular resources for researching bad credit loans is the internet. Almost all lenders have web sites that provide guidelines and information about their bad credit loan programs, and some even offer online application processes. |
| Answer by :
Nicole On Date
2009-06-23 19:25:41 |
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| Check this resource for the list of personal loans for bad credit
http://www.newhorizon.org/Info/personaloans.htm |
| Answer by :
Shaina Bell On Date
2009-06-24 05:25:06 |
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| creditreport.fateback.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate. |
| Answer by :
wing On Date
2009-06-24 05:37:16 |
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| Have you bee looking for a legitimate lender where you can get your loan quick and easy with an offer that is at minimma.Come to Layaway loan Firm Where All lender has any kind of loan that is obtatain easy and quick.In case you need more infomation ,reply via Layawayloansetup@gmail.com.
You are welcomed.
management. |
| Answer by :
A Loan agent On Date
2009-06-26 04:46:46 |
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| Hi I am Tony Walker I graduated three month ago from the university before I graduate it was very hard for me to pay my fees as my parents was not able so I have no choice other than to apply for a loan online and a friend introduce me to Harry White who is the chairman and managing director of harrywhiteloanfirm and I was give a loan today I am grateful to this man who made me who I am,so if you are looking for a loan online and dont want to be scam I will advise you to contact him via email harrywhiteloanfirm60@yahoo.com, |
| Answer by :
Tony Walker On Date
2009-06-27 14:04:05 |
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