Know of a bank that gives loans for debt with bad credit?


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My credit is shot due to my debt so I want to consolidate my debt into one payment but no bank will lend to me...any ideas to help me?? It would be much appreciated!!


Answer (4):

 
Dry Fly

I don't know of a bank either. I looked into this option when I was knocking off my debt with bad credit. I could not find a bank that would do this. I did buy the Dave Ramsey book and snowballed my payments and it was eliminated. Takes commitment just like any other payment method. Good Luck. Hope this helps.

 
timothy p

Concentrate on paying your debt off. Get a Dave Ramsey book and try some of those methods. Snowballing payments has worked well for a lot of people.

 
Anonymous

Honestly, i do not know a bank that gives loans for debt with bad credit.

 
Ricky

A common first step is to calculate loan payments. It’s important to know how much you’ll need to come up with each month (or quarter, or other period). To calculate loan payments, you’ll need to know a few things about your loan: the loan amount, interest rate, and length of repayment. Play with the numbers as you calculate loan payments to see how changing one of the ingredients changes the outcome.