Edris Has A Transunion Score Of 511, And Gets $69000 From Marion State Bank

Personal Loan

An unsecured personal loan is a great solution if your credit score and credit history meet the criteria of the lender. The primary goal of debt consolidation with a personal loan is to lower the interest rate expense on credit cards or other high-interest loans. A personal loan for debt consolidation may not be suitable if the interest rates are as high as your credit card interest unless you do not trust yourself to pay off the credit cards. We have listed personal loan providers with credit scores starting at 620. This lender group offers loans ranging from $2,000 to $100,000. 

Bad Credit Loan Options

Bad credit Loan options ranging from $500 to $5,000 and any credit score can apply.

Secured Credit Cards

• No Credit History or Minimum Credit Score Required for Approval
• Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
• Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
• Nationwide Program though not yet available in NY, IA, AR, or WI
  
  

Unsecured Credit Cards

Get the security and convenience of a full-featured, unsecured VISA® Credit Card – accepted at millions of merchant and ATM locations nationwide and online.

• Checking Account Required
• Reporting monthly to all three major credit reporting agencies
• Perfect credit not required for approval; First Access may approve you when others won’t
• Easy and secure online application
• If approved, pay a Program Fee and you can access the $300 credit limit (subject to available credit)
• The First Access Visa Card is issued by The Bank of Missouri pursuant to a license from Visa U.S.A. Inc.

Home Equity Loan or Home Equity Line of Credit (HELOC)

A home equity loan or home equity line of credit (HELOC) can be a good way to consolidate debt even with bad credit. When you have good credit and the bank looks to provide a home equity loan or HELOC, they will normally finance the property up to 80-90% of the loan to value. The loan to value is the difference between the size of the mortgage and what you will get if you sold the property. With bad or fair credit, the loan to value may drop to as low as 60 to 70% and the interest rates may be higher. This will mean that the amount they are willing to lend will be lower.  

Auto Refinance

Auto refinance can be a great way to get capital out of an asset and use this money for debt consolidation. This provider can refinance your vehicle and get your capital back to work.

Free Credit Score Repair 

It is always better to apply with a higher credit score. America loan Service has partnered with Novita to provide free credit repair services. Improve your credit score first if you have the time to wait. 

Payday Bad Credit Debt Consolidation Loan: $500 to $5,000

Consolidating payday loans with 400% to 1500% interest rates is very difficult to accomplish. OppLoans offer an installment loan which provides equal payments over a set period of time to get rid of payday loans that never seem to go away.

Payday Alternative Loans (PAL's)
The Credit Union along with the US Federal Government have developed a program called PAL's to help people stuck in revolving payday loans. 

PAL's features:

Loan amounts $200 to $1,000.
Must be a credit union member for one month
Loan terms range from 1 to 6 months
There may be a fee for setting up the application of $20.00
Contact this link to get some help.

Co-Signing or Joint Signing

We have listed a lender that specialized in co-signing with funds up to $40,000. If you are looking at a co-signer, we have a link that talks about the pros and cons of co-signing. 

Student Loan Refinancing

We have listed the best student loan refinancing providers in the USA that will work with co-signing. Most students have not had the time to establish their credit score. This is considered no credit history vs. calling it bad credit. The results are the same for the person applying, the lenders will not consider offering you a loan. 

Reverse Mortgage

A reverse mortgage is another way to access the capital for debt consolidation from your home or property. This product is best suited for retired people that want to start taking equity from their property. Before you take this step, LendingTree will provide you information on the steps. 

Reverse Mortgage Options

Business Loan Refinancing

We have added a number of business loan providers that will look at a debt consolidation loan with credit scores starting at 500. Some conditions apply including the time in business and gross annual revenues.

Research your Credit Score and Credit History

If you have not completed this already, it is a good idea to check your credit score and credit history. Look through the items and make sure you agree with everything listed on the report. If you disagree with the information on the report, contact the credit bureau and let them know that there is an error. 

Debt Relief or Debt Settlement

Another option to consider debt relief or debt settlement. They can help you work with creditors and will explain your options. You can call them at the number below or click this link to go to their site now. 

America loan service was contacted by Edris looking for a $69,000 personal loans with a Transunion score of 511. Edris from Marion, Louisiana has numerous credit cards with full balances. Edris owes over $35,000 on her National Bank Visa and her Mastercard. Edris began her job as a civil engineer in Marion, Louisiana in 2017 and has not had time to start earning enough yet to pay off this debt. She would like to get a personal loan and consolidate this debt into one payment.