http://www.loan.com/personal-loans/ Personal loans are fairly small general purpose lending tools that enable people to borrow money. This type of funding can include unsecured personal loans and secured personal loans. It might also include payday loans, which are very-short term deals that are normally paid off in a day or two. While personal loan rates tend to be lower than credit cards, they generally cost more than mortgage loans. Bad credit personal loans, however, can come at a rather hefty price. This type of funding is generally sought out when people need to borrow a few thousand dollars to do things like consolidate debt, make home improvements or even fund vacations. http://www.loan.com/personal-loans/how-to-get-a-loan-with-bad-credit.html Knowing how to get a loan with bad credit can be a bit of a challenge. Your credit score, or FICO score, is a vitally important three digit number that lenders use in order to make sure you a good credit risk before they give you money. It is still possible to get a loan with less-than-perfect credit.  Getting a Bad Credit Loan Usually, the easiest bad credit loans to get are those with secured debts, such as mortgages for people with bad credit or car loans. The reason these types of loans can be a bit easier than... Fri, 11 Feb 2011 03:00:00 -0800 http://www.loan.com/personal-loans/paying-off-payday-loans-one-step-at-a-time.html Paying off payday loans can be a difficult process. But it can be done. The key is sticking to a systematic process until you reach your goal. Success does not come overnight and it is important to remember that in most cases the debt was not incurred overnight. Most people find themselves in a difficult financial situation because of a long-term pattern of behavior. By systematically changing the pattern and adopting new behaviors, most people can become successful in eliminating accumulated debts, such as payday loans.   First Steps The first step is to stop using payday loans. You must find... Fri, 04 Feb 2011 03:00:00 -0800 http://www.loan.com/personal-loans/identifying-payday-loan-scams.html Identifying payday loan scams is not always easy. Many payday lenders appear legitimate on the surface. This is especially true of the scams conducted over the Internet. Consumers may also be entrapped by scams conducted by individuals over the phone. As a consumer, you should be aware of the practices and tactics of scammers in order to avoid them. The Internet Scam There are numerous payday lenders on the Internet and many of the lenders are scams, however, they do not look different from the legitimate operations. The websites of the scam artist are as professional as all of... Thu, 03 Feb 2011 03:00:00 -0800 http://www.loan.com/personal-loans/how-much-will-a-30-day-payday-loan-end-up-costing-me.html Your interest rate is only part of the cost of a 30 day payday loan. You will also have to pay the lender fees for originating the loan. These fees can add a significant cost to an already expensive loan. It is not uncommon for payday loans to result in a 20 percent interest rate or higher. Thankfully, many states now have legislation restricting how much interest a lender can charge. However, these regulations may not apply to fees, so it is important to read the terms of your loan carefully before signing. ... Wed, 02 Feb 2011 03:01:00 -0800 http://www.loan.com/personal-loans/the-pros-and-cons-of-30-day-payday-loans.html To solve an immediate cash flow crisis, you may be considering 30 day payday loans. These loans offer a cash advance on your paycheck in exchange for a fee. They come due in 30 days with no payments due in the meantime. While the loans can appear to be an attractive solution, there are many hidden problems with these arrangements. Pro: Immediate Cash for Pressing Needs The largest benefit of any payday loan is the fact that it offers immediate cash. While some loans through banks can take several weeks to finalize, payday loans often move through the entire... Wed, 02 Feb 2011 03:00:00 -0800 http://www.loan.com/personal-loans/teletrack-vs-non-teletrack-payday-loans.html The difference between teletrack and non teletrack payday loans is in the manner in which you qualify for the loan. Teletrack loans can be more difficult to qualify for than regular loans, especially if you have a lot of outstanding debts under your name. With ether type of payday loan, you may also need to write a post-dated check when you take the loan out or provide information about your bank account numbers so that the lender is able to collect the money from you. Teletrack Payday Loans Teletrack payday loans require that a lender run a teletrack check... Tue, 01 Feb 2011 03:01:00 -0800 http://www.loan.com/personal-loans/what-are-the-consequences-of-defaulting-on-a-tenant-loan.html Since the tenant loan is not tied to any particular piece of collateral, the lender cannot foreclose on anything directly. If you default on the loan, they will most likely file a lawsuit against you with the court system. You will then be required to appear in court to present your case. If the judge rules in their favor, your wages could be garnished, or you could be forced to sell some other piece of property in order to repay the loan. In most cases, the court will rule in the lender's favor because you signed the loan documents.... Wed, 05 Jan 2011 03:01:00 -0800 http://www.loan.com/personal-loans/can-you-get-a-tenant-loan-with-bad-credit.html Your chances of getting a tenant loan should not be negatively affected by your poor credit. Tenant loan lenders regularly work with individuals who have bad credit. With tenant loans, the interest rates are higher because the lender is compensating for the additional risk that is associated with this type of loan. They are counting on a certain number of people defaulting, so they charge more in interest. When you get this type of loan, they will not base it on your credit score in most cases. ... Wed, 05 Jan 2011 03:00:00 -0800 http://www.loan.com/personal-loans/how-do-you-qualify-for-a-doorstep-loan.html Qualifying for a doorstep loan is relatively easy due to low loan standards in this industry. You will need to supply only a verified address and proof of income to obtain financing. A doorstep loan is essentially a cash advance on a paycheck; however, you will be assessed very high interest rates. As a result, even though it is easy to get a doorstep loan, it is not always advisable. If you can find alternative loan options with lower costs and risks, it is better to attempt to qualify for one of those loans first. ... Sun, 02 Jan 2011 03:01:00 -0800 http://www.loan.com/personal-loans/what-is-a-doorstep-loan.html A doorstep loan is a form of payday loan for which the lender comes to you. Doorstep loans carry all the risks of a payday loan, but they do have one additional advantage: you do not have to go to the lending office in order to secure the loan. Advantages of a Doorstep Loan You need very little to qualify for this loan. You simply must provide your address and proof of income. A doorstep lender will advance you cash immediately once these two items can be verified. Disadvantages of a Doorstep Loan You will have to pay a... Sun, 02 Jan 2011 03:00:00 -0800 http://www.loan.com/personal-loans/what-are-the-consequences-of-defaulting-on-a-single-payment-loan.html Single payment loans carry responsibilities similar to those of any loan agreement. You must pay the balance in full by the maturity date. Since the loan has only one payment, there is no "missed payment" or "late payment." If you miss the due date, you have defaulted on the debt. This significantly damages your credit. In addition to a drop in your score, you will have a default notice on your credit record for as many as ten years, depending on your state. If you placed any collateral on the loan, you may have to forfeit the collateral as... Thu, 09 Dec 2010 03:00:00 -0800 http://www.loan.com/personal-loans/can-you-get-a-wedding-loan-with-bad-credit.html You can obtain a wedding loan or personal loan with bad credit, but the limits of the loan may be low, and your interest rates may be high. Your limits will partly be determined by a comparison of your income and assets to your total debt. If your credit is low because you already have a lot of debt, expect a low-limit wedding loan. If your credit is low for other reasons, you may be able to obtain higher amounts of financing, but the loan will still be comparatively expensive. To lower the cost, consider placing an asset as... Fri, 12 Nov 2010 03:01:00 -0800 http://www.loan.com/personal-loans/how-to-apply-for-a-wedding-loan.html To apply for a wedding loan, start by researching wedding lenders in your area. You may find banks that advertise loans for this specific purpose. You may also find banks and lenders that extend personal loans, and a personal loan can easily be used as a wedding loan. Once you have found qualified lenders, apply using the following steps: Determine your budget. Always take this step before seeking a loan. By budgeting first, you can avoid taking a loan that is too high for your needs, saving you money in the long run. If you are financing a wedding,... Fri, 12 Nov 2010 03:00:00 -0800 http://www.loan.com/personal-loans/what-are-the-consequences-of-defaulting-on-a-refund-anticipation-loan.html If you get a refund anticipation loan from your tax preparer, you will be paying the tax preparation company high interest and fees in order to gain access to your money quickly. If you are thinking about getting this type of loan, you may be wondering what would happen if you went into default on it. In reality, however, there is no way that you could go into default with this type of loan. With a refund anticipation loan, the government will automatically deposit the amount of money from your tax return into the tax preparation company's account. ... Mon, 08 Nov 2010 03:03:00 -0800 http://www.loan.com/personal-loans/what-is-the-difference-between-refund-anticipation-loans-and-refund-anticipation-checks.html If you have your taxes prepared by a professional, you will most likely have the option of getting a refund anticipation loan or a refund anticipation check. Even though these products sound similar, they are quite different. The main difference between these two things is that a refund anticipation check is not actually a loan. This is a device used by income tax preparation companies to allow the customer to pay for tax preparation fees out of the money from his or her refund. With a refund anticipation loan, you are actually taking out a short-term loan instead.... Mon, 08 Nov 2010 03:01:00 -0800 http://www.loan.com/personal-loans/what-are-the-fees-associated-with-a-refund-anticipation-loan.html If you are considering utilizing a refund anticipation loan, there are some fees that you will have to pay your tax preparer. This type of loan is typically associated with high interest rates and high fees. You will be giving up a good portion of your refund just so that you can access it a little bit earlier. For example, if you have a $2000 refund coming to you, you could expect to pay as much as $100 in fees so that you can gain access to the money quickly. In some cases, it can be even higher than... Mon, 08 Nov 2010 03:00:00 -0800 http://www.loan.com/personal-loans/can-you-receive-a-one-hour-payday-loan-with-bad-credit.html If you are interested in a one-hour payday loan, but you have bad credit, you may question whether you would qualify for the loan. In reality, your bad credit should not be an issue in most cases. Most payday lenders do not look at your credit at all when you apply for this type of loan. Instead, they will be interested in the amount of money that you make and your current employment situation. As long as you make enough money on a monthly basis to support the loan payment, they will not care about your credit history.... Sun, 07 Nov 2010 03:03:00 -0800 http://www.loan.com/personal-loans/what-is-the-best-way-to-select-a-lender-for-your-one-hour-payday-loan.html If you are comparing multiple lenders for a one-hour payday loan, there are a few different factors that you should consider. Among the most important factors are the fees that are charged by the lender. In most cases, the interest rates will be high regardless of where you go. However, some lenders will also charge you additional fees such as an application fee or a processing fee. These fees eat into your money and can add up quickly. You should also find out what the lender will charge if you have to extend your loan or are unable to... Sun, 07 Nov 2010 03:01:00 -0800 http://www.loan.com/personal-loans/what-are-the-one-hour-payday-loan-requirements.html Getting a one-hour payday loan can provide you with the money that you need very quickly. However, in order to obtain this money, you have to meet qualifications that are set forth by the lender. Each payday lender will be slightly different, but most of them have the same basic requirements. The lenders will not look at your credit history, but they will want to make sure that you have some type of income coming in. They will also make sure that you have not had any negative payday loan experiences in the past. As long as you have... Sun, 07 Nov 2010 03:00:00 -0800 http://www.loan.com/personal-loans/can-you-get-an-installment-loan-with-bad-credit.html Installment loans are the most challenging types of debt to secure with bad credit. An installment loan is any loan that is paid off through regularly scheduled payments, called "installments." These loans tend to be high-limit debts, such as car loans, mortgages or high-limit personal loans. If you have bad credit and would like an installment loan, try to secure the loan by placing collateral or a large down payment. These methods can reduce the amount of risk a lender assumes when issuing the debt, and you may qualify for a larger loan as a result. ... Thu, 04 Nov 2010 03:00:00 -0800