https://wealthcitizen.com/wp-content/uploads/2020/01/How-Can-I-Get-A-Personal-Loan-With-Bad-Credit-700x525.png

<strong>I'm glad you asked, really. Many people ask how can I get a personal loan with bad credit and are often left short from the answers they get.</strong> Sub-prime lenders have now replaced the shortfall that the prime market had left when they closed their door to average debtors, and we've been left with an absolute mess on our hands.

What we see now is no less than a bankrupting of masses of people. It's not been an easy pill to swallow for many. In fact I'll average a guess that the normal citizen of the western world lives from paycheck to paycheck, and at any point can be two months away from financial ruin. I hear you.

If you look at Google you will see a ton of ads telling you to click here because this loan will be the right one for you. But the truth of the matter is that it'll either give you an obscene amount of interest, or it won't even be a loan company. They will just part you from your money to get a listing of lender companies -- that most probably wont lend to you because you have bad credit anyway.

Here's the deal. With bad credit you will be EXTREMELY lucky to get a loan. I mean you could go down the route of loaning against your house, or your car if you own those but I wouldn't advise it because then if you miss a payment you could get yourself into serious trouble. You could lose your house, or your car.

I am no fan of the nanny state though, so if you want to make that decision it's up to you. Just be careful.
<h2>How Can I Get A Personal Loan With Bad Credit? Through loaning against your house or car</h2>
You can get yourself a home loan or a car loan at various places. I would suggest googling it because there's no way I'm linking out to that kind of stuff.

I wouldn't advise this though. I really would stop and think. We're tricked into thinking that we can manage our debts and that a loan will be just right for us when in reality we have bad debt so that means we haven't been able to keep up with the repayments elsewhere. That's not me being nasty, that's just the reality of the situation.

If you're accepted for a loan then they'll be super nice and sweet -- until you get behind on the payments and then the problems will start. BIG problems.

<strong>You could always get yourself a guarantor loan</strong> -- anyone can have these if you have family or friends that trust you enough and are willing to back you. That being said, they themselves need to have good credit and also be a homeowner -- so if you don't pay up then they could take their home. Scary, huh? Probably not going to be your friend or family member for long.
<h2>How Can I Get A Personal Loan With Bad Credit? My best option would be seeking a debt management firm.</h2>
In the UK we have something called an IVA. It's an individual voluntary arrangement where you can pay a select amount for 6 years and then afterwards you're debt free. This option for me has absolutely changed my life. I am literally no longer being chased by people for money, and as long as I keep up with my payments monthly, debt management firms are legally bound legally to not make contact with me. Pretty cool, huh?

<a href="https://nationaldebtadvice.uk/" target="_blank" rel="noopener noreferrer">You can find the portal I used here. They are super friendly and awesomely helpful. Lots of options.</a>

But what about if you live in the USA? I don't think they have the same options as they do over here. Well, look no further. If you're wondering how can I get a personal loan with bad credit and you're living in the good ol' US of A, there's a couple of firms below with amazing reviews that are there to help. I'll update below regularly. Only one of them for now.

<a href="https://shareasale.com/r.cfm?b=640169&amp;u=1147535&amp;m=43003&amp;urllink=&amp;afftrack=" target="_blank" rel="noopener noreferrer"><img src="https://static.shareasale.com/image/43003/1_09.jpg" alt="Need Credit Card Relief?" border="0" /></a>

But what about if you have monetary issues and you don't have any money to give at all? What if all of these options are no good to you and you just need something to help? Well, if you're in the UK then this place is a good place to start.

<a href="https://www.stepchange.org/" target="_blank" rel="noopener noreferrer">Stepchange will assess your circumstances and give you all that there is to offer.</a>

However if you're in the USA then I'd suggest contacting one of the above. If they can't help you they will definitely give you advice.
<h2>If all else fails -- try bankruptcy.</h2>
I'll warn you now, bankruptcy isn't the easy option. If you have a house you'll have to sell it to cover the costs of your debts. Also, if you have a car you'll more than likely have to sell that too -- depending of course the level of your debt.

But thinking about it rationally it's better than hiding whenever the doorbell rings. And it's better forever borrowing from Peter to pay Paul. You WILL be debt free and able to start your life over.

Think of it. Debt is how they enslave us. They convince you and me that getting a loan will solve all our problems but in actual fact it's just kicking our problems further down the road. What do you have to do to get out of debt? You have to work. Oh? What? Wages have stayed the same for 20 years? You won't complain because you need to work, don't you?

I'm not saying working is a bad thing, because it gives everyone a sense of completion, but to virtually enslave an entire nation you make them borrow until they cannot borrow any more and then pull the rug from under their feet. Then you stagnate wages and prevent them from having any options.

See what I'm saying here? Debt isn't a good thing. The sooner you are out of debt, the better.

<a href="https://wealthcitizen.com/category/earning/" target="_blank" rel="noopener noreferrer">You should try my earning categories</a>. Lots of nice ways to start you earning on the side there.

Posted from my blog here: https://wealthcitizen.com/how-can-i-get-a-personal-loan-with-bad-credit-your-options/

Posted via [neoxian.city](https://www.neoxian.city/@raymondspeaks/how-can-i-get-a-personal-loan-with-bad-credit-your-options) |  The City of Neoxian