How can a person with bad credit try to get a personal loan at a bank?

This is very hard to do, especially if your a single mom. Each time you apply for credit or for a loan it drops your credit score 3 to 10 points. You need something for collateral a vehicle or something else that guarantee's the bank they will get their money. Now for long term, here is what you should do. At tax time when you get your taxes back- set aside 1,000.00 Go to Bank A and buy a 6 month CD with it. Then apply for a loan using this CD as collateral. DO not spend the 1,000.00 loaned money. Go to Bank B and do the same thing. Buy a 6 month Cd and apply for a loan using the CD as collateral. Pay off Both loans on time every month DO NOT be even one day late. DO NOT pay them off early. Then at the end, you have the interest from the CD's (about 200.00) and you will also have back your 1,000 and you will have two positives in your credit history over 1,000. Do this once more to get three consecutive positives in a row, In the mean time, do not apply for other credit and don't let any more negatives go on your credit. This will help your credit score immensly and they will give you the opportunity to show that you can pay your bills on time.

Good stinken luck witht he bank loans. My husband and I have been there done that. You will probably need to go to a loan company (several) in your local community. My husband and I had to go to about 5 of them before we finally got approved for a loan. We had a monthly payment. And we paid it off in a yr, and they reported to the credit buruea (however you sp that) We had paid it off and on time every month, so it went down as a plus for us! The down side to loan companies is the interest rate is outrageous. But sometimes you gotta do what ya gotta do. Goodluck!

That is just what they would do, try to get a loan. It is not Banking business practice to give a financially Risky person a loan. People with good credit sometimes have difficulty securing a loan. It depends on the banking environment (interest rates, yields, bonds, and stock trends play major role in the types of persons that will get loans) and other economic trends besides good credit, but generally good credits is a determining factor. You would do better to take a few course towards matriculation and get a Student loan.

I give out loan to Business Men and women who are into Business transaction, I give out long term loan for three to five years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are realing interested in getting a loan from me, Loan is given out in Pounds and $US the maximum I give is 5,000,000 both in pounds and $US and the minimum 5,000 pounds and US$ so if really you are interested mail for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem and for your information if you should more loan like $10,000,000m I can give only if you are one of these cartigories: Manager of a company A private Holder A broker in banks A director in any office or company A high investor of and compay If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon. Name In full____________ ____________ Occupation___ _______________ ______ Counry_____ _______________ _______ State____ _______________ _________ City___ _______________ ___________ Zip code:__ _______________________ Phone Number ____________________ Sex _______________ ______________ send these info it is important. Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now. email [email protected] Thanks.

I found some good info here.