Posts Tagged ‘Family Member’

How to get a loan with terrible credit

Thursday, May 20th, 2010

Do you have terrible credit? I bet with poor credit it is hard to get a loan, right? But don’t worry, there are places where you can go to get a loan even with bad credit. The three that I like are fast cash loans, cash advance loans and personal loans. The reasons are the same why I love these, but also different in a way. I like them because they are there when you need them.

The best personal loan for people with poor credit is a just that, a personal loan. But I don’t mean a personal loan from the bank , I am talking about a personal loan from a family member or friend . These are lots better than anything you can get at a financial institution because they don’t charge interest and they are more understanding if anything was to happen where you couldn’t pay one month’s payment.

The next best personal loan is fast cash loans. A fast cash loan is when you borrow money out of your credit cards for a short time. I would only recommend pulling cash out of a credit card if you will be able to pay it all back within a few months, but preferably within the first month. If you can put the money back in the first month then you won’t get charged any interest on the money that you just were lended .

And finally cash advance loans. The reason cash advance loans are last in this list is because the other two the most financial sense if you are able to get money that way. But for the others who do not have family and friends that can lend them the money and who do not have the extra money on their credit cards then cash advance loans are fantastic .

So now that you know where to go and get a loan even with bad credit you should never be in a jam.

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