hsa1

1 Contributions 5 People Helped

Member Since: November 2012

Most Helpful Contribution

I need to get a bill consolidation loan with bad credit

Nov 01, 2015
Ash
Helpful to 5 out of 6 people

I'm 19,000 in debt and also have bad credit score (541). I tried to apply to the top 10 so called consolidate lenders, such as, prosper, springleaf, and many others. In order to receive a loan from them you have to have good credit or better. The only loans you can get from other lenders are $1000.00; which doesn't cover or help with anything, it just adds on to more debt. I too need a lender that is willing to give me a loan that will pay off my current debt, and I will just pay that lender, but it is impossible. Your best bet is to join a debt company that will set up a DMP and communicate with your creditors, but make sure you keep up with payments, because they will drop you. Your other best bet is to file bankruptcy; even though its the last resort, it may help you to relax more. I'm thinking about filing bankruptcy, because I feel like I'm out of options now, I ruin the chance with Incharge debt solutions ( due to being a full time student, I didn't make a lot of money and couldn't keep up with payments). I work double shifts, plus part time school; now I'm ready to drop out to pay as much as I can. I don't want to file bankruptcy, but it may be my only option now. If anyone knows a lender that will lend this much money and shift my debt please let me know. I DON'T WANT TO FILE BANKRUPTCY!

Activity (1 Total Contributions)

I need to get a bill consolidation loan with bad credit

Nov 01, 2015
Ash
Helpful to 5 out of 6 people

I'm 19,000 in debt and also have bad credit score (541). I tried to apply to the top 10 so called consolidate lenders, such as, prosper, springleaf, and many others. In order to receive a loan from them you have to have good credit or better. The only loans you can get from other lenders are $1000.00; which doesn't cover or help with anything, it just adds on to more debt. I too need a lender that is willing to give me a loan that will pay off my current debt, and I will just pay that lender, but it is impossible. Your best bet is to join a debt company that will set up a DMP and communicate with your creditors, but make sure you keep up with payments, because they will drop you. Your other best bet is to file bankruptcy; even though its the last resort, it may help you to relax more. I'm thinking about filing bankruptcy, because I feel like I'm out of options now, I ruin the chance with Incharge debt solutions ( due to being a full time student, I didn't make a lot of money and couldn't keep up with payments). I work double shifts, plus part time school; now I'm ready to drop out to pay as much as I can. I don't want to file bankruptcy, but it may be my only option now. If anyone knows a lender that will lend this much money and shift my debt please let me know. I DON'T WANT TO FILE BANKRUPTCY!