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Anyone know of places that will give personal loans for people with bad credit?

I have a FICO score of 554. Are there any places that will still give me a personal loan?

Public Comments

1. Only if you have collateral. Some lenders will with that score, but you need collateral.
2. Everybody, banks, car dealers, department stores,,, EVERYBODY wants to give people with bad credit, MORE credit. The reasoning is --and I got this from a used car dealer in DC,,,,---- they expect you to miss payments. The dealer at New York and Florida Avenue, in DC sold the same 2 year old Cadillac, 9 times, and each time, he kept the down payment, and what ever few payments were made before he re-poped the car. He told me he made 130,000 dollars from a car he bought at a wholesale auction for 6,300. So, if you credit is chronically bad, and you aren't doing anything to improve your score, prepare to be gouged, but if you are truly trying to get ahead of the curve, you will have any number of people offering you credit in the hopes that you fail. Just don't give 'em an excuse to flunk you and repossess what you have bought.
3. To get your best chances of approval for your bad credit personal loan, you should do some homework first. Yes it will take time and effort, but the benefit of doing this could pay off in spades for you. You first need to get a copy of your credit report from each of the three major credit reporting agencies. When you get it<!--review it carefully and file a dispute for any items that are not completely accurate. The majority of consumer credit reports contain errors, and once you go through the process to get those errors corrected, your credit may not really be as bad as you may think it is. http://best-loans.awardspace.com/personalloans.htm But without collateral, think about it - what is there about your situation that would make a lender feel comfortable in taking on what appears to be a high risk customer for them, based on the information they are seeing in your credit report? Or to put it another way, would YOU loan money to you? Even if you do get approved, chances are better than-->excellent that the interest rate is only going to be one click lower than highway robbery, which again reflects the risk that the lender is taking on you.
4. there are definitely options available to you although the interest rates will be a lot higher. Be sure to shop around and do some research before you choose one. Check out this website: http://www.credit-card-loans-debt.com/credit/
5. some may...it depends if your credit score is low because you haven't build much credit or if it's low due to poor performance on your part on past credit issues. Look at your credit report for more info (the score is just a score, the report will tell you all the payments you were late on, missed, defaulted on, etc.) Also, I think I may have some more info for you on your landlord situation. drop me an email and I'll fill you in
6. Have you tried bad credit credit cards? Take a look below. May be of help: http://www.cheap-credit-cards.org/credit-cards/bad-credit-credit-cards.php
7. there are really good answers here so try to consider what they said, i also agree in building up your credit score, being that yours is on the borderline... you might want to establish a checking or savings account to show your 'stability'... but then there are loans, bank accounts etc. being offered to people with bad credit, but please be mindful of your finances... do a little research, because we all know it's tough to be in debt...