subject: 5,000 Personal Loans For Ugly Credit [print this page] Do you need a personal loan? Are you looking for at least $5,000? Waht does your credit look like? Most people now are experiencing credit problems and fall into the bad credit category. You are in luck if this is you because there are still ways to get $5,000 Personal Loans For Bad Credit. Here are some of the top options to consider.
You should always check with your bank before you do anything else. Some banks, especially credit unions and smaller banks, are willing to do loans for their member that have been with them for quite some time. You will especially be able to get a loan if you have gotten one through a bank before. Another helpful thing is if you have retirement or investment accounts with the bank that can be used to help secure your loan. Even if you know your credit is horrible you should check with your bank first just to be sure.
Your next option is to search for bad credit lenders. There are a handful of lenders that will do personal loans of $5,000 or more for you if you have bad credit. You will not have the easiest time finding these lenders and once you do they will want to see that you have something good on your credit report. This could be an auto loan, credit card, mortgage, or anything else that shows up on your credit.You could also try Prosper. You will get the chance to tell your side of the story in a loan listing and have private individuals bid on funding your loan. This is a great way to get your loan funded without worries of what your credit looks like.
The last resort is to use a combination of payday loans or cash advances. The maximum you can usually get is $1,500 so it might take four or five of these loans to get you the amount you need. The only problem with doing these to get $5,000 Personal Loans For Bad Credit is that you will have to pay them back pretty quickly and that can be difficult.
