Question : Personal loan?
I'm desperately trying to get a personal loan to cover debts and other things. My earning - expenses rates are not great and I'm having trouble getting it with the bank... any suggestions?
- asked by curious
All Answers:
Answer #1
Contact a debt counsellor. Get yourself out ofthe hole. Don't fall back in!
- answered by Jack430
Answer #2
get your debts consolidated. There are financecompanies out there who would do business withyou, but the cost is fairly high on your part.
- answered by gorengsotong
Answer #3
If your bank allows for direct deposit sign up forit at your job. Then when applying for the loanask them to withdraw the ammount directly fromyour account on PayDay
- answered by mizbehavingirl
Answer #4
My information will not be able to help you get aloan, so if that's all you're looking for, skipthis answer.If you're looking at otherpossibilities, well. a loan is a very bad routeto take. Instead of taking care of the debts youmention, you're creating more, and simply puttingit all in one place. It's a problem a huge numberof people are in these days.There is a method towork towards paying off those debts, but it takesa considerable amount of effort. If you'reinterested in at least looking it over, readfurther.Gather up a record of all the debts youowe, and have at least an average cost-range forall of your monthly bills that must be paid. (Phone, power, etc.) Also write down an amountfor what you need on basic consumables (Gas, Food,Etc.)The utilities, food, and other neccictiesobviously must be paid first. So looking at youraverage monthly income, subtract the amounts fromyour monthly bills (that's phone, power, water,gas) and your required consumables (food, gas, andso on.)Now look at your debts, and prioritizethem. You want lowest balance with the highestinterest first, with the highest balance (andhopefully lowest interest) coming last. Writedown the amount of all of those minimumpayments.Now. That's all preparation. The methodis simple, once you understand it. First of all,you need to cut back. What I mean by this is, ifyou go to a restraunt to eat, try to avoid gettingthe most expensive meal on the menu. Try to drinkwater instead of a soda (that's at least $1.50 perPERSON saved, at every meal you dine out.) Instead of swinging by Starshmucks on the way towork, make your own coffee at home. By cuttingback, I mean stop spending that dollar here, anddollar there, on the silly things that really dontmatter so much. Maybe eat at home one or two moredays a week than you have been. Whatever ittakes.Now. Once you have all the numbers figuredout. What you MUST put out every month to keepthings floating. (what we did a few steps up),that extra money you saved this month, put it ALLon that FIRST priority bill. This may only be$200. But if that first debt is only a $600 debt,it will be gone at that rate within 3 months. Inorder to do this well, you may need to stop theminimum payments on some debts.. but dont quitpaying entirely! Contact the debt companies. Explain that you're working to correct yourfinancial situation, and that for a time you willneed to pay just the intrest on the account, butmake sure they understand that you do intend topay it off. (I've done this myself. It works, butif they try to strong arm you.. remember thatthese companies want their money. You have a bigword on your team, it's called Bankrupcy. You maynot be headed that way, but if they start to giveyou static, informing them that you're following afinancial plan to avoid Bankrupcy, a plan thatwill ensure they DO get their money, just notimmediately, and you do intend to continue to makepayments every month, just slightly reduced.. theytend to fall in line.)What I've explained is arough outline, and you can feel free to e-mail meif it's unclear or you feel you need a morein-depth explanation. I hope you manage to pullyourself out of the debt, it's never a funsituation. One more thing.The big trick to doingthis is actually very small. Once you've paid offthat first debt, do not turn arround and put thatmoney you were putting into that debt back intofoolish things like soft drinks and expensivenights on the town! once debt number one is paidoff, in full, take ALL of the money you werealready putting on that debt, and put it to thesecond priority. Your minimum monthly payment mayhave been $50, so if you were able to put thatextra $200 into it, then that's $250 more you havegoing into your second debt. Once the second onefalls, put ALL of the money that was going intothat one, into the next. It takes some time, butit builds momentum with every debt you knock out,because you have that little extra every month toput into the next one in line. Again, good luck,and I'm sorry for how erratic this answer appears. It's a little difficult to explain sometimes. :) And if there's bad or odd spelling, I apologise. this thing's spell checker is odd, and I gave upon it.
- answered by Lunatic
Answer #5
ask your parents.
- answered by Emily
Answer #6
Banks don't easily make small personal loans if atall. Go to a finance company like Citi or GeneralAmerican, they will be able to help.
- answered by gailforce_wind
Answer #7
How much do you need?
- answered by Frank Castle
Answer #8
http://loans.mamayek.com/cash.html
- answered by monkeysac
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