I need a loan but I have bad credit and no bank account. Any suggestions on what I should do?
Kandice T asked:
I recently was sick and I had to go to the hospital a lot. I fell behind in work, in my school work, and financially I almost filed bankruptcy. I need a loan of about 6 grand to pay off all these medical bills and catch back up on all of my bills. I can’t get a bank loan because my name is in chex systems, I have no bank account, my credit is not all that great, but it’s not terrible. Every loan place I try to get the money from, I need like 165 bucks just to receive the loan. It doesn’t make any sense. It shouldn’t cost money to get money. If anybody knows of a place I can give my information to and they can send a check or something, that would be great. Any suggestions would help.
I recently was sick and I had to go to the hospital a lot. I fell behind in work, in my school work, and financially I almost filed bankruptcy. I need a loan of about 6 grand to pay off all these medical bills and catch back up on all of my bills. I can’t get a bank loan because my name is in chex systems, I have no bank account, my credit is not all that great, but it’s not terrible. Every loan place I try to get the money from, I need like 165 bucks just to receive the loan. It doesn’t make any sense. It shouldn’t cost money to get money. If anybody knows of a place I can give my information to and they can send a check or something, that would be great. Any suggestions would help.
April 21, 2008
• Tags: Bad Credit, Bank Loan, Bankruptcy Loan, Medical Bills, Money • Posted in: Personal Finance
6 Responses to “I need a loan but I have bad credit and no bank account. Any suggestions on what I should do?”
When you are a risk to a lender, it will cost you to borrow. Send the medical bills 10 dollars a month if that’s all you can do. The last thing you need is a loan.
It sounds like you’ll have to find a friend or family member to help you out. Places don’t “just send out checks” to people, especially those without good credit. Many places that loan money to people with poor credit histories charge ridiculously high interest rates. Be sure you read the fine print before you sign anything.
I agree that you should send $10-$20 a month for the medical bills. As long as you are trying to pay that debt it won’t hurt your credit as bad as not paying your other bills. Good luck to you.
Because you’re credit’s poor, you’ll have to pay to get a loan, however you’ll probably end up paying a high interest rate (upwards of 20%).
Contact your creditors and work out a repayment plan.
not sure how can help you to get 6 grand. but i know that if you can;t pay the medical bill from hospital, you can call the hospital about you have no money at all, but willing to pay little monthly for may be 10 or 20 year, just as long as you will keep up your monthly payment on time with no skipping, they may let you pay $50 or $100 per month.
so, don;t have to belive me yet., no harm to call the hosptial,afterall, you have nothing to loose, just the time!
If you have a poor credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with poor credit score.Check out link for details.