We have all been in this sort of situation at one time or another, and with the economy like it is currently, things are only going to get worse for some. When you do not have the money to do something, such as buy a car, or put down a down payment on an apartment, it puts you in a bad position. Not having money for something that is really important that you need is a very bad feeling. If you have bad credit, chances are that you will not be able to get a personal loan. It is like a weight that hovers over you day and night until you have found a solution. Luckily, there are things that you can do, even if you need the money within the next hour.
Need a Personal Loan, But Have Bad Credit?
This is a very common situation. With all of the layoffs and job losses over the last couple of years, it is no wonder that people are behind on their bills. Being behind on any type of bill can show up on your credit report and result in you not being eligible for any type of personal loan. It is imperative that you find the money, and someone out there will surely be able to help. Bad credit can hold you back from a lot of things. Those who have bad credit and need a personal loan might just find themselves having to resort to some other means of obtaining money. The only downside is that you may not be able to get as much money as you had originally planned, but at least you will be able to get some money. It is always a good idea to focus on repairing your bad credit however, that way you will be able to receive a personal loan in the future if the situation calls for it. In the meantime, you can try some other ways to obtain the money that you need.
What you can do
There are several things that you can do immediately that will help take the place of that personal loan if you have bad credit. One of the first things that you may want to consider for quick cash is selling some items on eBay. It is probably going to take a few days, but you can bet on someone buying a couple of things. You may not get rich, but at least you will have some pocket change. You could always have a yard sale and get rid of some of the items in your home that you are currently not using. A yard sale is typically a lot quicker than eBay, and usually a bit more effective. You may not get as much money for your items, but at least you will get your cash much faster.
Borrowing from relative or good friend may be the last thing that you want to do, but money is money. If you think you know someone who will loan you the cash, then the best suggestion is to give it a go. You can always pay it right back when you have the money, and chances are that a family member or friend isn’t going to charge interest, so you will be able to pay back exactly what you owe.
One of the best options is to try to get a payday loan from a cash advance store. They are practically everywhere that you look, and every town seems to have at least one of them. The only requirements usually are that you have to have proof of employment, an active checking account, and proof of address. In most cases, you can qualify for as much as $1200.00 or more. You can also apply to a title loan center and put your title up for collateral.
Although none of us want to have to go any of these routes, sometimes it is just necessary. Not being able to get a personal loan can cause some problems, but they are nothing that cannot be overcome with a little bit of faith in other strategies. The best thing to do is to stay positive, and know your options.
Thankfully there is a company out there that can have you driving a car within 24 hours of meeting the set criteria without checking your credit history. Find out more about vehicle finance for blacklisted people