how to get a Personal Loan on a credit score of 400?
I Have pretty bad credit...i believe in the 360 area. I really need a personal loan to pay off a bunch of debts so that i can just owe one company back the money. the interest being compounded on so many different expenses is killing me. where could i go to get a personal loan to pay off my debts. i live in ontario canada and live in the GTA area.
Public Comments
- Primerica.com They'll combine all your debts, and pay it off, but then you gotta pay Primerica off as your only debt. They will do their best to help you out of debt. And when they check on your credit, they do a soft pull, so it doesn't hurt your credit when they check on it. Other banks that do check on it hurts your credit and it will gradually get worse.
- I would try to get help from a credit union, especially if there is one at your job where the payments can be made from payroll deduction. But, at that level of score, most aren't going to give you a chance at a reasonable amount of interest. Maybe if it isn't a huge amount of money a family member might help you. If that is the case, then the best thing to do is to get a second job and put every penny of the second job against your bill with the highest interest rate until it is paid off. Then use your second job earnings, plus the payment you used to make on the higherst interest rate to tackle the next highest interest rate. Repeat until you are done.
