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Thread: Personal Loan for Bad Credit

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    Veteran Member Alexis81's Avatar
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    Default Personal Loan for Bad Credit

    Hi everyone. I have a question that I'm hoping someone can help me out with. My fiance and I need to take out a personal loan under his name but his credit is beyond scary. Does anyone know of any credit companies that would even consider him for a loan.
    Alexis



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    Banned Melonie's Avatar
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    Default Re: Personal Loan for Bad Credit

    Tony Soprano !

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    Featured Member Vamp's Avatar
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    Default Re: Personal Loan for Bad Credit

    Without selling your soul to the devil getting a personal loan with horrible credit is unlikely.

    Is it a loan you need?

    Is there anything of value that he can sell? Can he get a second job? Can he borrow the money from someone else?

    Find any other way to get the money ya need. Then have him look into credit counseling.

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    God/dess FrustratedBunny's Avatar
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    Default Re: Personal Loan for Bad Credit

    I got a card with Household bank immediately after bankruptcy and another with Merchant bank. My credit score actually isn't as bad as some that haven't filed bankruptcy though because I had several years before of great credit. Still worth a try maybe. The interest rates will suck though. Or you could go to Amscot which is about as bad as borrowing it from Tony Soprano.

  5. #5
    PhillyDancer1982
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    Default Re: Personal Loan for Bad Credit

    Do not use Household Finance(aka HSBC)!! They are scam artists and will try any trick(legal or illegal, doesn't matter to them) in the book to accuse you of paying late, even if you are innocent. They are a HORRIBLE company to deal with. I've heard that Countrywide(the company that does mortgages) is another big-time baddie.

    Then again, almost ALL predatory lenders have horrible customer service and try to scam/rip people off. My friend Bob says that American General Finance loans money to people with horrible credit. I'd say that company would be a better bet than dealing with HSBC/Household.

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    Featured Member scorpio's Avatar
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    Default Re: Personal Loan for Bad Credit

    American Generals loans are at loan shark rates, and they will screw you if you pay late ven once. So will the payday advance type places. What will the loan be used for, and how much does he need? Also, define horrible credit.

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