Q&A: is there a lender that gives out loans specifically for people with bad credit that is not a payday loan?

Question by Double A: is there a lender that gives out loans specifically for people with bad credit that is not a payday loan?
I need to know of a lender that helps people who are over their head in debt and need one loan to put them altogether under one large lump sum about $ 4000.00.

Best answer:

Answer by Juanita
What you are looking for is a consolidation loan. I don’t recommend it. Those loans usually have very high interest rates. If your credit is lacking you won’t get a loan from a bank or a credit union. You could go to an independent loan company, but your interest rate will be god-awful. You should attempt to clean up your credit and current debt as best as you can on your own. Fore go the loan for a minute. Find a reputable credit counseling service. Before you choose one, contact your local Better Business Bureau. Good Luck.

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