retired loan help?

Payday loans are really bad.

If you are 80 and have paid off your mortgage and still own your home, then you probably qualify for a "reverse mortgage", which is a really unique type of loan in that you don't have to make any payments on it while you are still living in the home. (When you die or move, then you or your heirs must either pay it back or give up the house.)

I have a friend whose aunt and uncle retired at 65 and and realised they did not have enough money to live on.  They knew that a reverse mortgage from a bank meant their three children would not inherit their house so asked if any of them would be willing to do a reverse mortgage on the same terms as the bank. 

None of the children was willing to help but my friend stepped forward.  She did it because she felt it was the decent thing, no other reason.  Both aunt and uncle died within 5 years of the arrangement being set up.  Their children were furious but there was nothing they could do.  House went to her.

Moral of the story: get your children to help.

What I would do is try to learn how to fix something on my own. Because this should be cheaper, but if I can't fix something on my own then I would replace it. Perhaps I would get someone else involved if all else fails.

I think it's better to burn through savings than it is to ask, for loans, and then get into debt, and an even better solution is to generate as much money as you can if you know you will burn through all of your savings.

Check on getting a reverse mortgage, they are set up for people in your situation.  If you can't get one of those then its probably not going to happen.

The thing with loans is that you need the ability to pay them back. On SS, you have limited ability to do so. Might want to look into a reverse mortgage.

You can't get a payday loan because you don't work. They are very high interest as well. You should be able to get a home equity line of credit or reverse mortgage. You would need to pay the LOC back, but a reverse mortgage does not require repayment until you leave the home.

Payday loans are the worst, avoid them like the plague.  As a homeowner you are better off considering a Home Equity Line Of Credit (HELOC) or maybe even a Reverse Mortgage.  But also getting a regular old credit card can work too.  The fact that you are older is not of any consequence but your limited income is.  Still, Social "Scarity" is considered regular reliable income which is a positive.

Your age and where your income comes from don't mean a thing when applying for a loan. You either qualify or you don't. They can't turn you down based on age or being on social security.

Reverse Mortgage. Many people think they are scams that pray on older people.  They are no different from that standpoint than anything else in life. Immoral people will find someone to scam (car purchase, standard mortgage, etc). So just shop around and make sure you're wise.  Those that really are there running legitimate business vastly outweigh the scumbags in this industry as in most other lines of work.

The big thing to understand about them is that they affect your inheritance. While you don't have to pay it back, your estate will. If you are planning on leaving the house to anyone, it might be worth discussing with them as well so that they understand what's going on and that they'll need to pay that off if they want to keep the property.

Get a reverse mortgage.  No income verification and you don't have to make payments.  Contact a mortgage broker.