Posted on 07 March 2011
Tags: account, affordability, affordable, agents, Amount, applying for a bank loan, ATM machines, Bad, bad credit, Bad Credit Car Title Loan, bad credit loan, Bad Credit Loans, Balance, bank account, bank loan, benefit, benefits, best solution, borrowers, capability, car finance, cash advance, charges, checking account, checks, Collection, credit, credit card, Credit Card Cash Advance, credit check, Credit checks, credit counseling, credit counseling service, credit history, credit scoring, debt, debt collection, debt collection agencies, doorstep lenders, family loans, financial crisis, financial position, financial problem, high inflation rates, high interest rate, inflation, interest, interest rate, jobless, lenders, money, mortgage, no credit check loans, no credit checks, option, Organizations, pawnbroker, pawnbrokers, Payday loan, Payments, Places, poor credit, repayment, repayments, secured loan, specialist lenders, sufficient funds, Title loan, UK, uk citizen, unemployment, unsecured, unsecured loans, US, waste of time
Today the financial crisis, high inflation rates and unemployment have compelled people to borrow money for their survival. But where to get a loan with a bad credit? The common saying, “I have bad credit but need a loan” better describes one’s financial position. If you are applying for a bank loan, you need to be a job holder, have sufficient funds in your home and can prove your affordability of the debt; otherwise it would be just a waste of time.
There are many kinds of secured and unsecured loans for those people who have been rejected in some other places. Lenders do not focus on your credit scoring; they are more interested in your identity and your capability to repay the amount borrowed. So it is the easiest way for you to get an urgent loan.
How Can You Get A Loan With Poor Credit?
There are lots of organizations, specialist lenders providing loans with a poor credit. They are discussed briefly as under:
1. Family Loans
If your financial problem is not permanent, the best option is to start from your own family. Hopefully, there may be some beloved relatives in your family who can be ready to lend you money for some time. The key advantage of this loan is that you will not have to pay interest or any other charges. Also, it would not be so difficult to talk to him if you are unable to repay at the specified time.
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Posted on 05 March 2011
Tags: Accumulated Debt, Amount, Approach, bad debt, bankrupt, bankruptcy, benefit, busines, business, cheap, claiming bankruptcy, Collection, Collection agency, company, condition, credit, credit card, credit card companies, Credit Card Debt, credit card debt settlement, Credit Companies, debt, debt collection, debt collection agencies, debt settlement, debt settlement companies, debts, dollar, electronic money, experience, fifty cents, God, havenâ, how to, lawyers, loan, mortgage, negotiating skills, nonsense, one individual, paper money, payment, period of time, Settlement, settling debts, Settling Your Debt, something is better than nothing, Tackle, terms and conditions
Each of us is now practically surviving on electronic money rather than paper money. The reason for this is the number of credit card one individual holds. This allows people to spend money where ever they wish to. This is an inappropriate method of going about things in daily life as it would only add up to our previous debt.
Considering Settling Your Debt?
If we go onto assume that we owe more money than we can pay, we lose our job, have no way of paying out debt, even the business fails and there is nothing left we can do to do pay off your credit card debt. In such a situation, the answer to your problem would be that you don’t really have to pay the whole debt. This does not mean that you are claiming bankruptcy but it means that you are opting for debt settlement.
When you consider opting for debt settlement, credit card companies know that they would have to cooperate with you because if you opt for bankruptcy then all their money is lost. Therefore, to keep the hopes alive that you would pay, they tend to revise the terms and conditions of the amount which is owed by you.
Approach of Credit Card Companies
The reason for this is that if bankruptcy is claimed then credit card companies are last in the line and would receive no payment at all. Therefore, the strategy of something is better than nothing is considered to be better by the companies. The revised terms could be that if you owe a dollar then they could settle for fifty cents or less. With this, eventually over a period of time, your debt would start disappearing.
Process of Debt Settlement
The process of debt settlement may sound as an easy process but this is not the case in real. For debt settlement, you need to have really good negotiating skills. The reason for this is that you might have to negotiate the terms of your contract over the phone and be persistent about what you are arguing about.
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Posted on 30 May 2010
Tags: bankruptcy, case collection, cash payday loans, check fraud, civil case, confidential matter, debt, debt collection, debt collection agencies, debt collection agency, debt collection practices, debt collection procedures, debt collector, e check, fair debt collection, fair debt collection practices, Fair Debt Collection Practices Act, federal truth in lending, federal truth in lending act, lawyer, loan agreement, loan collection, loan collectors, money, Payday loan, Police, truth in lending, truth in lending act, working hours
You need money at an odd hour. You walk into a nearby Payday Loan Center. You show you ID, write a check. You get the cash. Payday loans are very simple to get. Its all about convenience and hassle free life. If all goes well, you pay back the cash to get you check back or your check is cleared directly from your account.
If you don’t show up on due date, the check is sent to bank for clearance. If the check is bounced, Payday loan collection process begins. You start receiving phone calls and letters etc. 
No matter what the debt collector on phone says, you must remember one thing during the whole process.
“Payday loan is a civil debt. It is not a case of Check Fraud.”
Following are some of your rights during the collection process. We have compiled this list based on Fair Debt Collection Practices Act.
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