How do I get an unsecured personal loan to consoli

How do I get an unsecured personal loan to consolidate all of my payday loans, with a very poor credit score?

4 Answers

You can also take steps to boost your credit score and then apply for an unsecured loan to get it at a favorable rate. Contacting bad credit debt consolidation loan lenders will also not help you out as the interest rates remain excessively high and you can't afford it. You may also ask a co-signer with a good credit score to apply for the loan on your behalf.


If your loans aren't legal in your state, then you don't need to worry about the late fees and interest charges. You'll just need to think about repaying the principal amount.


It will be difficult for you to secure a personal loan with poor credit score. Most lenders don't prefer to lend money to the consumers with poor credit score. Even if they do agree to give you a loan, the lenders will charge very high interest rate on the loan. Can you ask someone to become a co-signer of the loan? This may help you get a loan. 


You dont.  Even with equity in a home, you probably wouldnt qualify for a HELOC with very poor credit.

 

Are your loans legal?  What state are you in and who did you borrow from?

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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