I am looking for a lender who loans funds to those with bad credit and not a payday loan. I want monthly notes?
My credit is bad and have only been on my job for 3 months. I am trying to borrow $2000.00 to be re-payed in monthly installments. I am not interested in payday loans. If I can get a loan in this amount, it will financially put me back on track. I will be able to afford notes between $150.00 and $200.00 per month.
You are about to get about 50 responses (answers) of online loans.
Careful. The online loan scam is very, very simple to operate.
If you fall for it, it will make you cry for days.
Stop by your local small banks and credit unions.
If they turn you down, everyone else will.
Note: For any personal loan you will need employment for at least 1 full year
To put it bluntly: that just isn’t the way the world of banking and credit works.
Payday lenders and the like exist for people with bad credit because everyone else (“the banking industry”) refuses to lend to subprime borrowers in all cases.
The only reasonable exception to the rule is a credit union. However, if your FICO score is below 620, you won’t be able to get an unsecured loan from them either.
No chance.
Would you really loan money to someone with a poor record of paying back?