Loan Resource Guide

does anyone know of a company willing to do unsecured loans for credit w/ bankruptcy? no Payday Loans.?

I have really bad credit w/ a six yr old bankruptcy. i really need a loan so I can clean up my credit, among other things. I’ve tried various sites guaranteeing a loan approval for a fee–SCAMS. I need a legitimate source that deals with high risk loans and past bankruptcies. I do not want any payday loans. thanks

I agree with Steve M. When I filed for bankruptcy in 1990, I applied for a general loan in 1992 for $1,000. I wrote my credit union a letter and told them that I had just purchased a computer for cash over the weekend ($1,200) and I wanted to get a small loan not because I needed the money, but because I need an opportunity to reestablish my credit. They called me back and said “we’ll do $500.00″. I quickly paid them back. Then in 1993 my mother moved to another state and I need a car to visit her. I asked my credit union for $18,000, they said no. I asked them could I have anything. They said $10,000. I took that. The rest is history. All of my loans were unsecured and no collateral.

Another example, my brother who had some bad credit experiences over the years recently wanted to purchase a motorcyle and was told to get a co-signer. He couldn’t find one and was quite upset. I told him to calm down and go to his credit union. Within two days of their meeting, he was approved for more than he had originally asked for. Unsecured, no collateral.

And my daughter who didn’t any credit at all and didn’t have an account joined my credit union and within 10 minutes was approved for a new car loan. Unsecured, no collateral.

So doesn’t that sound good to you. Find one and join if you are not already a member. If you are not a member, you can check with you job to see if they are a sponsored member of one. Otherwise, it has to be a family member that gets you in. Some require you to live with that family member.

Best wishes. There’s hope, don’t dispair, and never give up!