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Originally Posted by erin1283
hello my creidt sucks. i am 21 and my score is around 500 last time i checked. i need a unsecured loan of about 3500 for debt consalodation/student loans. i am currently working as a nanny under the table and have no checking account only savings. i will be a full time student in jan at a nursing school. i have about 4500 in debt from credit cards. i cant seem to get a loan anywhere i've applied at lots bad credit site on the internet and been to my own bank. i dont know what to do is my only chance to get a cosigner. i dont really have anyone i can go to to cosign . i need the money soon and dont wanna have to go to a bookie or declare chpt 13. please any advice is welcome
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Well, it seems you are in quite the dilema. As far as getting a loan is concerned, from the information you provided (no documented income, low credit scores) a cosigner is very likely going to be your only option to get a loan from a bank. Another option you may want to consider is borrowing the funds from a family member or friend, but make sure that you draw up a contract to protect both of you.
I'm not really sure why you think you would need to declare bankruptcy, as you don't have all that much debt. Judging by your credit scores, I'm going to assume that you have collections out there. If you do, in fact, have collections, I would contact the companies and see if you can negotiate a lower amount due and/or a payment plan.
Hope this helps - If you have any more questions, just ask!