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Where can I get loan?

Where can i get a loan where they look at my circumstances not my credit file?

  • I need a loan pretty badly to consolidate some existing debt that I accrued (i'll be honest) by being stupid. It's getting to the stage where the payments are getting out of hand because these are Payday loan companies. Surely there is a company out there where a human being makes the loan decision as any person could clearly see that a "real" loan would actually solve all my problems. I've never missed any payments for anything but I can see how this is actually going to turn out very soon and it's not good, i'm in a vicious circle at the moment. A single unsecured personal loan would save everything but I keep getting refused, even for those "bad credit" credit cards. I could clear the loans and I would then only have a single creditor and one monthly and affordable payment... why can't they see this? Does anyone know of any companies that might be able to help? I'm not talking about the Citizens Advice Bureau or National Debtline but a loan company that may possibly make human decisions or at least helped other people out in similar circumstances. Thanks

  • Answer:

    I don't know of any one that will give you a loan. Honestly that is how the payday loans got you hooked, because you couldn't get a loan anywhere else. I don't know where you live but in my area there are places that will use a car as collateral, but good luck if you have really bad credit. The only out I could suggest for you is maybe borrowing money from a friend or relative. Remember every time you apply for any line of credit, payday loans, credit cards or a loan and they check your credit history it effects your credit score negatively.

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nowhere

Lolly M

They can't 'see it' because the reality is that very few people who get themselves into this mess will then be able to get out of it in the way you describe. Loans are business decisions - and people with poor credit are a risk few businesses will take nowadays.

Jo W

Provident or Greenwood's or Skyline are the only ones that will give you a loan but the most they will give you is £250-£300

Jackie m

Have you tried title loans, that is, the loan company keeps the title to your car and you get the loan. The title is their collateral so if you don't pay up past the deadline, they keep your car. Payday loans are the worst. I know about payday loans because my girlfriend uses it a lot and it is immoral, (my opinion only so I never get to try it) because she makes a check for $300 to pay and get back $270 for 2 weeks worth. My advice, don't go into making many many loans, then consolidate and then you are back to square one or in deeper hole. That was us a long time ago when collectors go to your house to collect debts. I always look at the peephole when my doorbell rings and not answer when I don't know who it is. I got enough of it that I decided it has to stop and now, we had been debt free for 20 years and enjoying retirement. There is no one out there who loans to people in need because of compassion, it is all about your credit, all about money. Maybe a good neighbor is a better shot than loan companies.

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