Need Post Bk loan info
Hi
Its been a while since I been here, I've been busy working.
I am a member of Prosper which I heard about from Creditboards and I am trying to get a small loan of $1450 to pay off a payday loan and to pay off my car in full. I am trying my best to get funded by changing groups, my profile and even lowering my loan request which was originally $1900. Since there's no guarantee that everyone who requests will be fully funded, I am trying to weigh my options. I have been discharged from my CH7 BK almost 3 months, so I have been doing google searches for loans especially for people with not so great credit. I am automatically taken to a site that deals with "payday loans" the very thing I am trying to avoid. I don't think it would be smart to take out another PDL to pay the first one off. If it wasn't for my car issues twice last month - I would not have needed to take out the PDL in the first place.
Besides the PDL sites, there was another site "Bad Credit Lender" which claimed that for a $99 fee they would find a loan for you. I refuse to pay someone a fee for something I can do on my own - even if they have allegedly been featured on TV and papers.
My next alternative was to file an application online with AIG. So a rep called me this morning to say that they could help me out with the loan - however their policy is to not accept someone for an unsecured loan until 2 years after a discharge. I was told that for the money I borrow it would cost me $90 a month for 24 months and that they would pay my bank off for the car, but then they would have a lien on my car. My whole purpose was to pay off the car and get a clean title to do whatever I please with. But my immediate need was to pay off the PDL which is $432 and since I have extended 2x without paying down the loan (except $20 toward the principal) at this rate I would end up paying back more than what I borrowed.
The AIG plan did sound tempting, because I could get the loan to pay off my car and use the regular car payment for this month to pay the PDL. I would pay more than the $90 to AIG and when I got my taxes PIF. I would get the orig bank off my back and the PDL paid. I just don't like the interest of over $700 on a $1450 loan. I just hope Prosper comes through, I could use the money to pay off my bills and have a much lower payment of $50 a month spread out over 36 months even with my credit.
Does anyone know of any legitimate, non-payday loan lenders? Please advice
Thanks
sbb
Its been a while since I been here, I've been busy working.
I am a member of Prosper which I heard about from Creditboards and I am trying to get a small loan of $1450 to pay off a payday loan and to pay off my car in full. I am trying my best to get funded by changing groups, my profile and even lowering my loan request which was originally $1900. Since there's no guarantee that everyone who requests will be fully funded, I am trying to weigh my options. I have been discharged from my CH7 BK almost 3 months, so I have been doing google searches for loans especially for people with not so great credit. I am automatically taken to a site that deals with "payday loans" the very thing I am trying to avoid. I don't think it would be smart to take out another PDL to pay the first one off. If it wasn't for my car issues twice last month - I would not have needed to take out the PDL in the first place.
Besides the PDL sites, there was another site "Bad Credit Lender" which claimed that for a $99 fee they would find a loan for you. I refuse to pay someone a fee for something I can do on my own - even if they have allegedly been featured on TV and papers.
My next alternative was to file an application online with AIG. So a rep called me this morning to say that they could help me out with the loan - however their policy is to not accept someone for an unsecured loan until 2 years after a discharge. I was told that for the money I borrow it would cost me $90 a month for 24 months and that they would pay my bank off for the car, but then they would have a lien on my car. My whole purpose was to pay off the car and get a clean title to do whatever I please with. But my immediate need was to pay off the PDL which is $432 and since I have extended 2x without paying down the loan (except $20 toward the principal) at this rate I would end up paying back more than what I borrowed.
The AIG plan did sound tempting, because I could get the loan to pay off my car and use the regular car payment for this month to pay the PDL. I would pay more than the $90 to AIG and when I got my taxes PIF. I would get the orig bank off my back and the PDL paid. I just don't like the interest of over $700 on a $1450 loan. I just hope Prosper comes through, I could use the money to pay off my bills and have a much lower payment of $50 a month spread out over 36 months even with my credit.
Does anyone know of any legitimate, non-payday loan lenders? Please advice
Thanks
sbb
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