Re: ebay seller- need loan- options
Given the fact that you said you had bad credit, I think the best way to proceed is to make your payments on your current debt on time for 6 months. Then, go to a credit union and apply for a consolidation loan.
The amount you are seeking is relatively large for an unsecured loan. Banks won't do it if you have bad credit and the lenders who MIGHT do it will charge a fortune in interest. 25%+ would not be unheard of. And that is IF they will make the loan. Some people assume they can get a loan from these high interest places only to be turned down. Of course, it all depends on how bad your bad credit really is.
The last thing you want is to take on more debt and just dig a deeper hole.
Last edited by jeffweico; 11-12-2014 at 11:39 PM.
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