SavingsTalk.com

Tim7 · 10-31-2007, 02:20 PM

Hey are there any places that would give me 7000...a personal loan with no credit? I have a good job....plz answer...<br />

penny · 10-31-2007, 02:20 PM

Yes, your parents, family and friends.

ForexPros · 10-31-2007, 02:20 PM

Not to my knowledge they have to make profit to be able to lend people money.
The only option I believe is family.

ZNOF · 10-31-2007, 02:20 PM

check with your local credit union or bank where you have an account (I hope). Looking at your other answers, please beware of the loan scammers. Do not give any personal information until you receive a verifiable business name, address and phone number. Be cautious of lenders with free email addresses from yahoo, hotmail, etc. And the tipoff for the scam is when the lender asks for upfront money. It is illegal to do so in the United States and Canada. So don['t do it. Good luck.

tealeaf · 10-31-2007, 02:20 PM

DONT LISTEN 2 THESE SCAMMERS!

Marush · 10-31-2007, 02:20 PM

Well you will still have a credit check done on you to qualify- but you do not need much of a background for Prosper...

How big of a loan? If it is under $30k you can try Prosper - an online lending community...

http://www.prosper.com/join/lunyc

I first read about them in Money magazine - pretty cool idea, people get together and combine their money as a community into making a single loan.

I have used them for a loan to start a small website (and pay down some high paying interest)- you will have a much better chance of getting a loan than with a bank - and probably at a much lower interest rate.

Right now I am paying 10.5% on a 15k loan- not too bad IMO. You can take loans out for up to $30k I believe.

Make sure you make out a nice profile, and come up with a fun/interesting/sob story background to make yourself look trustworthy - it will help you improve the chance that people will bid on you (oh and a photo always helps :-) )!

Try to join a group as well - it can help lower your interest rate. Don't forget Prosper checks out your credit history, so you won't be eligable for lower interest loans unless you have a great background - but you can always take a higher % rate, it will probably still be lower than a bank loan (if you could get one...).

Even if you have bad credit what you will get from the Prosper community will likely be much lower than you
will get elsewhere - and it will be a secure, safe loan - not some underhanded 'get hit with 50% suddenly' loan shop!

Good luck!

10-31-2007, 02:20 PM	#1
Tim7 Greenhorn Join Date: Jul 2006 Posts: 48 Rep Power: 6	I need a personal loan with No credit? Hey are there any places that would give me 7000...a personal loan with no credit? I have a good job....plz answer...<br />

10-31-2007, 02:20 PM	#2
penny Greenhorn Join Date: Jul 2006 Posts: 17 Rep Power: 0	I need a personal loan with No credit? Yes, your parents, family and friends.

10-31-2007, 02:20 PM	#3
ForexPros Piggy Bank Join Date: Jul 2006 Posts: 55 Rep Power: 6	I need a personal loan with No credit? Not to my knowledge they have to make profit to be able to lend people money. The only option I believe is family.

10-31-2007, 02:20 PM	#4
ZNOF Greenhorn Join Date: Jul 2006 Posts: 16 Rep Power: 0	I need a personal loan with No credit? check with your local credit union or bank where you have an account (I hope). Looking at your other answers, please beware of the loan scammers. Do not give any personal information until you receive a verifiable business name, address and phone number. Be cautious of lenders with free email addresses from yahoo, hotmail, etc. And the tipoff for the scam is when the lender asks for upfront money. It is illegal to do so in the United States and Canada. So don['t do it. Good luck.

10-31-2007, 02:20 PM	#5
tealeaf Greenhorn Join Date: Jul 2006 Posts: 12 Rep Power: 0	I need a personal loan with No credit? DONT LISTEN 2 THESE SCAMMERS!

10-31-2007, 02:20 PM	#6
Marush Greenhorn Join Date: Jul 2006 Posts: 22 Rep Power: 6	I need a personal loan with No credit? Well you will still have a credit check done on you to qualify- but you do not need much of a background for Prosper... How big of a loan? If it is under $30k you can try Prosper - an online lending community... http://www.prosper.com/join/lunyc I first read about them in Money magazine - pretty cool idea, people get together and combine their money as a community into making a single loan. I have used them for a loan to start a small website (and pay down some high paying interest)- you will have a much better chance of getting a loan than with a bank - and probably at a much lower interest rate. Right now I am paying 10.5% on a 15k loan- not too bad IMO. You can take loans out for up to $30k I believe. Make sure you make out a nice profile, and come up with a fun/interesting/sob story background to make yourself look trustworthy - it will help you improve the chance that people will bid on you (oh and a photo always helps :-) )! Try to join a group as well - it can help lower your interest rate. Don't forget Prosper checks out your credit history, so you won't be eligable for lower interest loans unless you have a great background - but you can always take a higher % rate, it will probably still be lower than a bank loan (if you could get one...). Even if you have bad credit what you will get from the Prosper community will likely be much lower than you will get elsewhere - and it will be a secure, safe loan - not some underhanded 'get hit with 50% suddenly' loan shop! Good luck!

SavingsTalk.com

Your guide to saving money and making smart investments!