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I have had some trouble with my past credit and I am in a very bad bind right now. I just recently became a single mom again, and am suffering with the loss of income in the house. I am renting because the mobile home I own (which is free and clear from the bank) is very old and in such disrepair that it became unable to be lived in. I was going to fix it up and sell it or even possibly move back into it, but sales in our area are terrible. When we moved out of it, someone robbed us of the hot water heater, air unit, and stripped part of our roof. HAving no insurance this is a huge expense. So now it is even worse than before. I wanted to move back in it so I don’t have a mortgage/rent to pay until I get on my feet, but I am behind on taxes and about to lose it. I am looking for a company that will give me a loan so that I can get the taxes paid up and I can do at least the minor repairs needed to make sure it is livable for me and my children until I can do better financially. I have tried online but have had such a hard time finding something reputable and FAST. I only have 30 days to work with and really need to get this handled so I do not lose the only thing I have left. Are there any suggestions??
And no I am not unemployed and do not appreciate that assumption. I am a teacher and have a good income. However when another person leaves a household and the income is cut in HALF to support a household then yes it is difficult to make ends meet. Therefore attempting to be proactive about making the move back to our own home in order to be able to better afford expenses until I get acclimated to doing it alone.

4 Thoughts on How can I get a loan with bad credit?
  1. Reply
    May 1, 2011 at 12:55 am

    If you was in Britain and on welfare you would almost certainly get a Social loan that comes without interest but gets taken bit by bit of your welfare payments, maybe you qualify for something similar?

  2. Reply
    Use Your Noodle
    May 1, 2011 at 1:20 am

    Let me guess, to add to this, you either are unemployed or don’t make much money…Sorry, but a loan you are asking for just doesn’t exist with any traditional lender. First off, they aren’t going to lend on a depreciating asset such as a mobile home.

    What about your ex? Shouldn’t he be pitching in to make sure you and the kids have a roof over your heads?

  3. Reply
    rachel t
    May 1, 2011 at 1:33 am

    If you are a member of a church, or close to someone who is, perhaps you could seek assistance there, you sound like someone truly in need.

    Other than that, as much as I hate to recommend them, sometimes there are few other options than a payday type loan if they exist in your state. That or a loan that puts up your trailer or car as collateral for the loan. Don’t get into those if you can’t pay though because they will take your stuff.

    If you are in the US what state do you live in? Also you say you are a teacher, are you in a teacher’s union and could the union perhaps be able to help with a loan?

    Also if you have a 401K maybe you could get a loan from that, I did that once and it was tough but it took less than 30 days to get the money.

  4. Reply
    May 1, 2011 at 2:06 am – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

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