Need a loan while doing credit trepair

mellucido · 10-19-2007, 08:59 PM

Hi all,
Has anyone had experience with a company called XXXXXX? They guarantee you get the amount you need (about 14% int)with their lenders. There is a finders fee which they state on their site is returned if their lenders don't deliver.
This is a serious inquiry----not spam. I need to get some money to help my daughter and me over a bad hump post-medical drama (no ins).

Thank you,
Mel

spinn · 10-19-2007, 10:42 PM

I believe finders fees are illegal.

What would you do if they kept the fee despite their guarantee?

centex · 10-19-2007, 10:46 PM

Finders fee reminds me of the ads people used to run in the back of Rolling Stone in the 80's.

14% plus a fee...hell, you may as well go to a back alley and find the local numbers runner.

Quite frankly, I would be looking instead at a sit-down with the loan officer in my small local bank or credit union...they will actually lend on character and capacity.

mellucido · 10-19-2007, 10:58 PM

Thank you for your thoughts on this matter. I tried my credit union which I have had good relations with for two years----they said sorry. yeah me too.
Mel

mellucido · 10-20-2007, 12:01 AM

I googled this company (should have done that FIRST) ahhhh Google, what a great tool.
Anyway---yup it's a scam. Guess they all are.
Thanks,
Mel

hannah · 10-20-2007, 12:11 AM

If you have anything to secure a loan with, you might try Citifinancial or American General. I normally would not recommend these as they are IMHO bloodsuckers but you probably could get a loan there if you have household items to use as security. I understand they are agressive in pursuing you if you are late to pay or default. Should be a last resort to borrow from them.

You should also consider other ways to get some cash such as holding a yard sale or selling Avon or other door to door sales. Perhaps even pawning something you have of value.

Qtip · 10-20-2007, 01:53 AM

I found the company in question in Rip off report. It appears they have been scamming people for some time.

neil5623 · 10-20-2007, 11:11 AM

Several years ago I had to use Citifinancial twice to get through surprise unemployment situations. In spite of the interest rate and some of the add-on fees, I found them willing to work with me if I encountered a problem. This was a local office. I was late several times, received a call from the local rep and explained to them what was going on, all was OK. They never reported the delinquencies to the CRAs.

mellucido · 10-20-2007, 05:10 PM

Wow, thank you Neil !! I called them because I got a mailer that I was prequalified----yeah right---but when I called and gave my info they said sorry, no. Then I applied online thru a site that says "these are the lenders that help bad credit people" When I got the application confirmation email it was Citifinancial again (the site didn't say who they were sending the app to). I have not heard back their decision---it will be interesting. They did ding my credit report twice tho.

I never want to be in this situation again---ever!!

prissypoo79 · 10-22-2007, 06:28 PM

Try Prosper's website. It's a site where regular people give loans to other regular people. It helped me out during a tough time and reports to the CRA's too. Google Prosper and good luck.

drivel · 10-23-2007, 12:04 PM

In related news, I need a burger to get me through my weight watcher's program.

drivel · 10-23-2007, 12:38 PM

Quote:

Originally Posted by drivel

In related news, I need a burger to get me through my weight watcher's program.

On second thought, i probably shouldn't have posted that. Will the first mod who sees this please remove it. As to the original poster, please accept my apologies.

jlynn · 10-23-2007, 01:03 PM

It only took 34 minutes for your conscience to start working. Congratulations!

stargazer0725 · 10-23-2007, 05:03 PM

Quote:

Originally Posted by drivel

In related news, I need a burger to get me through my weight watcher's program.

Maybe we should change your name to Wimpy...you'll pay us on Tuesday, right?

OT: Maybe you should try Smart for Life (and eat cookies all day like me). Down 23 in 7 weeks!

drivel · 10-23-2007, 06:26 PM

Quote:

Originally Posted by stargazer0725

Maybe we should change your name to Wimpy...you'll pay us on Tuesday, right?

OT: Maybe you should try Smart for Life (and eat cookies all day like me). Down 23 in 7 weeks!

23 boxes of cookies?

stargazer0725 · 10-24-2007, 12:33 PM

Never been a cookie monster drivel...although I'd have a hard time resisting your home-made Twinkies!

mellucido · 10-24-2007, 10:34 PM

Prissypoo79,
Thank you for the tip. I researched them and it seems pretty positive as an option. I am finalyzing my listing for review. I have talked with one of the group leaders and he is helping me through the process. I'll keep you posted. What a great idea. Glad it worked for you!

mellucido · 10-24-2007, 10:37 PM

Hey Driv or Wimp, glad I haven't lost my sense of humor through this great classroom of life. I got a chuckle. Do you still have to be sitting in the corner? ;p

drivel · 10-25-2007, 02:31 PM

Quote:

Originally Posted by mellucido

Hey Driv or Wimp, glad I haven't lost my sense of humor through this great classroom of life. I got a chuckle. Do you still have to be sitting in the corner? ;p

Nope, I guess putting up an offensive post followed by an apology keeps both sides happy.

Although I have noticed a few of my recent posts are missing