Signature Loans For People With Horrible Credit

Are you in need of some cash to help you get through the tough times? Do you need a signature loan to help you out with some of your bills, an emergency, or for any other reason at all? If you need signature loans for people with horrible credit then you do not have many places to turn. There are a few options, however and here they are for you.

First, there is an online website called Prosper that is a marketplace for lenders and borrowers. Basically you would sign up, get your credit rating, and post your listing for a loan. Other individuals that have signed up to help lend money to people will bid on your loan. They might bid or they might bid the entire amount of the loan. If you get enough people to bid on your loan to fund it, then you will get your money.

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Second, you can place an ad on one of the many classified ad websites or even in your local newspaper. You will be asking for a private investor to loan you money and you better be willing to pay a large interest rate or put something up for collateral. This can be a very successful way to get a loan if you are patient and place the ad once or twice a week.

Last, there are always payday loans or signature loans and these are basically signature loans for people with horrible credit. These types of lenders do not check your credit and will not be to concerned with much other than your income, where you live, and that you have a checking account. As long as you are 18 years old and make at least ,000 a month you will qualify for a payday loan or cash advance.

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