Do you have poor credit? Have you looked at your credit report and score and know that the chance of you getting a loan of any type are pretty slim? The worse the housing market becomes and the economy becomes the harder it is for those with less than perfect credit to get a loan of any sort. However, there are still poor credit personal loans out there that can help you through an emergency.
You can get what is called a payday loan or cash advance to help you get out of a jam. These are intended to be short term loans to help out with emergencies, cash flow shortages, or other financial difficulties. These loans are usually from about $100 to $1,500 and you have between 14 and 30 days to pay them back. They are very helpful, though, because they do not check your credit at all.
They will require that you are 18 years old, a United States citizen, have proof of your address, have a steady income, and have a bank account, preferrably a checking account. This is all that is usually required and they usually do not check credit, however, they will verify your job and your banking information. You can actually walk away with your cash in hand in about an hour.
Another option is to use a website called Prosper. This is a lending marketplace that connects borrowers with private individuals that want to invest in your loan. For example if you decide you need $2,000, then you place a listing and you might get 4 individuals that are all willing to lend you $500 to get you to the $2,000 or you could get 20 individuals willing to lend you $100.
This is one of the most creative and best ways to get poor credit personal loans becuase credit is not an issue. Sure it will force you to have to accept a higher rate, but you would end up with a higher rate from your bank or another lender if they are even willing to help you out, anyway.
