Is there really a personal loan for people w/bad credit not payday loans but real banks ?

I'm not aware of such loans under reasonable terms. There are usurious personal loans from "household finance" companies, but if one's credit is really bad, I would imagine even those would be unavailable.

I agree that someone who co-signs is not completely at fault, but they are sufficiently at fault for exercising poor judgement by co-signing. I would only co-sign with someone if I was willing and had the resources to assume full responsibility for the obligation on my own. If the other party defaulted, I would take up the payments - no harm to my credit, but possibly an adjustment to my lifestyle.

In general, it seems to me that a personal loan only makes things worse for someone in a bad credit situation. If one's cash flow situation is good, they can get what they need by pre-saving. If one's cash flow is not good, then more debt will only make that worse.

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pYour credit history isn't all that important when it comes to lenders as long as you can prove that you are earning a good wage and being a first time borrower, you may only get offered around $1000 with most lenders which is pretty bad. Banks are never the best places to get loans unless you can provide up to five years worth of addresses and have had a regular income going into your account for a good while.

Most lenders (Not Bank ones) are interested only in whether you have a regular full time job and/or if you have a home of your own or assets they can take in the event that you might die or fail to keep up with payments for any reason. This is why many loans are for home-owners rather than for tenants secured or unsecured loans.

Many loan companies take on people with bad credit or no credit because they are going to make a profit from the interest rates they charge anyway and why the good/bad credit thing is so irrelevant when applying for a loan generally. Very few loan companies turn away poor credit score customers as long as they are working or own a home.

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RE :Is there really a personal loan for people w/bad credit not payday loans but real banks ?

SOME PEOPLE W/CREDIT ISSUES ARE NOT ALWAYS COMPLETELY AT FAULT BUT BECAUSE OF POOR CHOICES IN CO-SIGNING HENCE THE BAD CREDIT

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RE:Is there really a personal loan for people w/bad credit not payday loans but real banks ?

Hock something. Pawn shops will take ANYTHING of value and they consider that a personal loan. As long as you make the weekly/monthly repayments they will not sell your stuff. If you miss a payment then your stuff goes up for sale.

There is but the APR rate is really high for example 29.9%

Speak with your bank first, they may be able to o a good deal for you.

Good luck.

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