Verdisoft Q asked:


I let a credit card go without payment until a law firm called me for collections, threatening to take me to court.
They offered a settlement if I paid 70% of the amount I owed rather than making me pay the balance in full.

Does this affect my credit different?
Should I still pay the balance in full, rather than take the settlement? Or would I be wasting my money paying the balance in full? For example, is settling going to make applying for a home loan any different than if I paid in full at this point. I would have to have settled saving a few dollars only to find out I have worse credit than if I paid in full and end up paying a higher interest rate, simply cause I took this settlement.
This is in California.

settlement loan

classy48292 asked:


I want to purchase a car from a personal owner and I do not have the money the car is for 16,000.The owner of the car said if i could get a loan he would hold the car for me.I need to know how can I get a bank loan for this amount with really bad credit.I ran into some hard times years back and could not pay some bills now my credit is ruined.I have no credit card debt just could not pay like hospital bills and such.is there anywhere I can go to get a loan for 16,000.I know the intrest will be very high but I have a job and can pay the loan back each month. please someone tell me where I can get a loan with my bad credit.

bad credit personal loans

Lores R asked:


Ok here’s the worst thing: I defaulted on a car loan. I already had bad credit. Capital One financed me for a 2004 jeep with the initial cost being around 18,000. The first year went by fine, no late payments. Second year got sticky had some late payments, then later on in the year got 4 months behind when I left my ex. They took the car back, and then sold it for 6,000 at an auction.

I owed 12,000 when it was sold to one of the credit company things, where they charged me 1,000 a month for each month made without payment. I have been paying now since April 300 a month. Bad thing is, my interest rate take 220 of that payment, and I now owe 16,000.00 on a car I don’t have.

They have offered me a settlement of 6,565.00 that I would love to take, I don’t have any rich uncles that I could borrow from, so I’d like to take out a loan.

My credit score is now 602 (I’ve actually been improving it) so what do you think I can do? The 300 a month is going to get old fast seeing as I’m hardly paying anything above the interest. I will take out a 1,000 loan from a loan shark just to improve my credit some more and give me breathing space.

Any loan officers with advice for me? Do personal loans even exist right now? I don’t own a house, and I make 26k a year. Even if you know the loan shark information, if their interest rate is lower than 20.9% that’d be helpful!
I bought the car when I was married, and our income was over 50,000 a year lol… I got divorced the next year, sorry if I didn’t mention that?
Perhaps actually answering the question instead of meaningless opinions would be helpful in the future.
They are threatening to sue both me and my ex for the 16,000.00 and my ex was actually the primary signer on the vehicle. But I signed a contract with him because this vehicle was for my use and my responsibility. He got a car too, and is still making his payments just fine, I am the problem and I don’t want to cause anyone any more trouble.

bad credit personal loans

U2 asked:


Like if I have $1000 now gathered from working as a student for 2 years, can I use that to pay some of the loan back? Or, is it that once I start paying back loans, I can’t stop, and I must consistently pay them back every month?

Also, do student loans have minimum sums we are allowed to pay every month? Like can it be that i’m only allowed to pay if i’m paying in a minimum sum of $800 or $1000?

P.S. this is not for me, so its not like I can look over a contract or anything like that.

loans

Roberta asked:


I have bad credit due to a divorce and an ex husband that wouldn’t work. I’m trying to get my finances straightened out and want to pay off everything I owe and have only one monthly payment. I don’t want to pay any fees up front or be scammed. Only legitimate lenders please. If you can help me without money up front, please e-mail me at classycat@windstream.net.
thank you!

bad credit personal loans

Dat_1_Chiq asked:


What Loan company will take over my federal student loans when the loans are in forbearance so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under $5000.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.

loans

cassie c asked:


I want to apply for a Master’s Program at Copenhagen University… but have no money! Where exactly do I start? I know very little about student loans in general, and especially little about them when studying internationally, especially at the graduate level. Do I need to talk to the University? How do direct to consumer loans work? Is it super difficult to get student loans?

loans

lookinout asked:


I am trying to get a personal loan through my credit union. I have bad credit due to immature decisions when I was younger. I now pay my bills on time and am capable of paying back a loan. Do you think I have a better chance of getting the loan if I have collateral and a co-signer?

bad credit personal loans

justellemJimsaidhello asked:


I have bad credit and would like a personal loan of 15,000 dollars. I have no shot of getting one, right? Well, if I have a co-signer apply with me who has good credit, will that allow me to get the loan? Also, what if this person’s only steady income is social security/disability? If it is not and the person is retired, will that be fine as well? How about full time employed? Would that help? Which one is my best bet? Is my best bet even going to help? Thanks!!

bad credit personal loans

MIDegn asked:


I have 160k students Sallie Mae loans. I know I can deduct the interest, but how could one deduct the entire paid off loans? Could one do it through an LLC as an education expense, or perhaps pay cash for a piece of property, then take a loan against the property to pay off the loan? How could I possibly deduct the entire loan?

loans