Bad Credit Home Loans Guaranteed
Would you be willing to invest in a high-risk loans to 28.75% if you knew they had a big problem?
We make more than 80,000 per year and we have a bad credit rating, because of a health issue and some not so smart choice. We try to get a loan to pay everything on our credit (less than 7000.00) not to count our car loans (up to February 2007) and our house (we owe110, 000 and it is worth 135,000, but can not get a home equity loan in TX b / c of refiance only 80% right.) We can afford a payment of up to 475.00 a month. I have a list of Prosper, but I have only a few bids right now. The list is below gandbcole if you want to find out a little more about us. I just need to know where to find a private investor who wants to carry a loan for two years at a 28.75% rate. I do not mind paying the high interest rates if I can get rid of all the old ones on my credit and have only good things to show its improvement. What should I do? I would even signed a personal guarantee put up equity in my home for collateral. Just do not know where to look.
New debt will not solve the problem of old debt. My suggestion is that you sit down one weekend and timing out every dollar you spend on a daily basis. Then categorize that under absolutely must (ie mortgage payment, health costs and food). Then decide what other things you spend money on that was not necessary. Take the money and pay the old debt.