Bad credit loan, What bad credit loan company has the lowest interest rate?

I am in debt and want to pay it off. I am debating on filing for bankruptcy or possibly getting a loan for bad credit so i can pay off my credit. Are there any finanical institution that is legitamite and isn’t a scam that can possibly loan me a loan ?

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4 Comments at "Bad credit loan, What bad credit loan company has the lowest interest rate?"

LadyCatherine June 16th, 2010 (#)

depends on how much you need and how bad your credit is.. i have not good credit, in the 500′s and i have a loan with ABC finance.

the ones that might help you will give you a really high interest rate. mine right now is around 24%. it is taking the good with the bad.. im building up my credit but having to pay a big monthly loan to do it.

Library Lady June 16th, 2010 (#)

This isn’t the best place to post this question, but I’ll give you some advice.

Look on the Consumer Credit Counseling Services Site for a location near you, you can also call them. This is a non-profit organization that will work with you, and your creditors, to reduce payments and/or interest rates so that you can make your payments. They will also help you decide if bankruptcy is right for you. http://www.cccsfl.org/

You can also check with your local United Way or library to see if there are other agencies in your area that may offer similar services. Talk to one of these services before going to a financial institute that might raise your interest rates even higher.

Frank June 16th, 2010 (#)

hi
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Jeniffer June 16th, 2010 (#)

Well If you have money problem and u want loan. Few days ago my friend having very bad financial crises so while he was searching on Internet for Bad credit loan he found a site which contain link for Genuine lender for Bad credit Loan. He checked all links in that each link offer different interest rate and repayment time.
My Friend got loan of 25000$ for 15 years on 6% interest rate which should be payed annually.
Well you go to

http://dixiloan.com/bad-credit-loan.html

Hopefully you will get loan from there.