Monday, December 28th, 2009

Where can you find a bad credit loan for $5000 or more if you have collateral?

loans for bad credit
Debbie asked:


I need a loan quickly to pay off urgent bills . I have steady income and own property but my credit is bad.

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3 Responses to “Where can you find a bad credit loan for $5000 or more if you have collateral?”

Lauren F Says:
December 31st, 2009 at 8:59 am

Try with a credit union and see if you can get a home equity line of credit. It takes a while for it to be approved, though, so you might want to get a short term personal loan for now, at a high rate of interest, and then pay it off later when the HELOC comes through.

STEVEN F Says:
December 31st, 2009 at 4:44 pm

You HAVE a loan from your EXISTING creditors. If you can’t pay THEM, you can’t pay any new lender either. Collateral to secrure a $5,000 loan will, by definition, SELL for $5,000. Your answer is to SELL the collateral and pay your debts.

Tiny Says:
January 2nd, 2010 at 4:44 pm

Hello, I am Tiny Green from Texas in US, I saw your question on how you need loan,I got mine from abu isa loan firm a week ago with monthly repayment schedule and interest rate of 2% no credit check no cosigner if you know you can pay back as at when due then I will advise you to contact them they can help you here is the email

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