Go Back To Search Results Question Where can we get a personal secured loan with bad credit? I had to quit my job to stay home and care for my son who has CP. He had 2 big surgeries in two weeks time. One to correct complications from the first. So we have now lost one income and have new large medical bills rolling in. We are getting really far behind and our credit is now down the tubes. Does anyone no where we can get a secured personal ie meaning we have some collateral? By lartam95 Posted on 05/20/06 Total Answers 5 Answers- I hate to tell you this but I don't think you will be able to get a loan. Actually, it's probably a Godsend because all it would do is put you further in debt. You need to find another way to get the money - start a side business, write a book, come up with an idea that will attract money. Sell something very important. Cut your costs. Think about all that don't waste too much time trying to get a loan. Even if you could the interest would kill you. Answer by : cityofmobile On Date 2006-05-20 16:18:26 SECURED LOAN? ANYWHERE ANYONE SECURED MEANS THAT COLLATERAL AND/OR CASH OF EQUAL VALUE "SECURES OR GUARANTEES THAT THE LENDER GETS THE $$ BACK. : ) DON'T LET THEM SCREW YOU WITH A HIGH INTEREST RATE Answer by : heehawfromall On Date 2006-05-20 16:19:51 do you not have medical insurance on your son?? or is just the co-pays and unpaid portions of the surgeries overwhelming you ?? i'm sorry for your son having CP- cerebral palsy ?? many families wind up going bankrupt with overwhelming illnesses or strokes or unexpected disablities, with lost income resulting from that disablity--if you have some collateral- you might want to save that for a dire emergency- not everyday bills or unpaid medical bills-- the drs and hospital cannot re-posess your son- and in texas they cannot touch your home equity- home equity is safe from creditors--i would just hang tight for awhile and let time settle from your son's recent surgeries which are trying times, emotionally, physically, and financially--catch your breath, and later see what you choices are- you might want to visit with a CPA or CFP or a bankruptcy attorney later to determine your options, yet i personally would not use that collateral now-- i would save it for a really big emergency or last resort usage- good luck to y'all- i am a retired independent insurance broker, who specialized in health and disability insurance, & life ins also- & a retired CPA & CFP- certified financial planner, also- if i can be of further assistance- please, feel free to holler back at me- i would be glad to advise you, for no charge !! i am in ft. worth, tx Answer by : morris the cat On Date 2006-05-20 16:39:09 http://loans.mamayek.com/index.html Answer by : monkeysac On Date 2006-05-20 23:08:07 you can join a company that complies banks and lenders for people in your same situation profile Answer by : umdanddvd On Date 2006-05-24 06:03:04   Go Back To Search Results