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Personal loans/consolidation loans for very bad credit

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I have gotten myself in a bad financial pickle. It started with some car repair and dental work. I got an installment loan, and ended up needing more payday loans to deal with the monthly charges. Long story short: My credit is very poor and I now owe thousands of dollars, mostly to try to pay off installment loans. However, I am also trying to pay off some existing debt. I will probably be owing money on my student loan for the rest of my life, My question: Are there any banks/credit unions/loan companies willing to give a personal loan to somebody with very bad credit? If I could just borrow $5000 and pay it back over time, I could wipe out all of my payday/installment loan debt plus some lingering credit card debt.




Who did you borrow from? List out your loans, how much you borrowed, how much you have paid and what state you live in. Do you know if your loans are even legal??

Sub: #1 posted on Mon, 10/22/2012 - 04:09

SOAPLADY SOAPLADY
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(Posts: 17208 | Credits: 4746)

The 2 big ones were installment loans from ChecknGo and CashNetUSA, $2600 each. I got the one from CashNetUSA originally to help with dental work. My plan was to get the dental work done and pay the rest early. However, I got a little too ambitious and started paying some lingering credit card debt faster than I needed to. When that money was almost gone, and with $200 bi-weekly payments giving me a beating, I took another one from CheckNGo to stop the bleeding. I wanted to use ChecknGo to pay off CashNetUSA, but other bills got in the way...I was already struggling. Pretty soon I was taking out lots of smaller payday/installment loans and even borrowing from retirement (which wasn't all that much) to try to pay off the loans. Now I have installment type loans from Ameriloan, UnitedCashLoans, Castle, VIP and others, and it has really added up. And I still will probably need to borrow money to pay rent on the 1st...payday/installment loans are taking my entire paychecks now :( I know I screwed up, but I was trying to be responsible and pay things off, and ended up making things worse. I've been looking online for payday loan consolidation companies, and that might be just what I need. I have other debt, but the payday/installment loans are what are destroying me right now. They can be a great thing if used properly, but I got a little too ambitious and have really screwed myself badly this time.

Sub: #2 posted on Mon, 10/22/2012 - 20:40

carleweibel carleweibel

(Posts: 5 | Credits: 1.54)

I forgot to mention that I have CashNetUSA almost paid off...only about 468 to go. But I used far too many payday loans (and part of retirement) to get to that point.

Sub: #3 posted on Mon, 10/22/2012 - 20:58

carleweibel carleweibel

(Posts: 5 | Credits: 1.54)

California

Sub: #4 posted on Mon, 10/22/2012 - 22:21

carleweibel carleweibel

(Posts: 5 | Credits: 1.54)

I'll need to look over my bank statements to get the info for the others.

Sub: #5 posted on Mon, 10/22/2012 - 22:25

carleweibel carleweibel

(Posts: 5 | Credits: 1.54)

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