subject: Personal Loans With Poor Credit [print this page] Personal Loans With Poor Credit Personal Loans With Poor Credit
Is your financial situation causing you to struggle with your life? Do you need to get yourself some extra cash to help you out during a difficult time? There are many things you can do in this situation even if you have poor credit. Personal loans with poor credit are not that difficult to get, but you must know a few things first.
First, you need to know that you are most likely going to be looking for a short term loan that needs to be paid back within about 30 days. Usually these are smaller loans for emergency situations that range from $100 to $1,500. You will have to understand that these are going to be higher internet loans because of the risk you pose with your poor credit.
Second, you need to understand that you might have to get a little creative if you are looking for over $3,000. There are places that will help you, but most of them will want some type of collateral like an automobile or a piece of property. This will secure the loan and make you less of a risk to the lender.
Last, the types of lenders you will be working with are either going to be payday loans, cash advances, or very creative. The very creative way to get your loan might be to use a company like Prosper, who happens to match up individual borrowers with individual lenders. These are private citizens that will help you get the money you need regardless of credit.
