Q&A: I have really bad credit and need an installment loan to payoff payday loans, any help?
Question by Cathy B: I have really bad also Regions Bank Bad Credit Unsecured Personal Loans – Installment Loans Offer …” href=”http://onlinepaydayloansguides.com/regions-bank-bad-credit-unsecured-personal-loans-%e2%80%93-installment-loans-offer/”>credit and need an installment loan to payoff payday loans, any help?
I need to borrow $ 2500 unsecured and have no where else to turn. Really need it to be an installment plan with a reasonable interest rate.
Best answer:
Answer by Lady B
How about selling old gold and silver? You can get pretty good bucks for that stuff these days.
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The best places to go are an American General or Household Financial. The problem is that people that can’t get a loan here will opt for payday loans and not usually the other way around.
I’m sorry, but you have a tough decision to make. If you can’t pay, you should consider talking to the government agency in your state that regulates the payday lenders. I’ve included a link below where you can choose the state you live in and it will provide the regulatory body’s phone number. They can advise you on your options. You have to be honest with them. Tell them that you messed up and you got $ 2500 in payday loans. I find when you accept responsibility people are more willing to help you. Some states require mandatory repayment plans that are interest free.
I think by getting another loan, you’re just digging a bigger hole.
I work in the industry so I see this a lot.
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