I have about 3k worth of debt split between 7 credit cards. No missed payments ever but only a 2 year credit history. my ficos are around 660 or so and i have been declined by springleaf, prosper and wells fargo.
I dont want to add another inquiry to my report just to be declined. I was thinking of : One main Financial. Their reviews are terrible.. but it appears that they approve people with bad credit.. just high interest rates.
( i know all other options.. Just looking SPECIFICALLY for companies that will approve low credit applicants ) High interest rate up to 30% is fine for me..
*** The ony reason I dont want to just go to one financial is because i read its considered a " CONSUMER FINANCE LOAN" which stays and hurts your report or score slighty. Which i DO NOT want.
Are there any suggestions? Or perhaps a company that I can get a loan with a soft pull? or maybe a pre approval.. something similar to that.
Reading your other thread the problem you're likely stumbling on is your income to expenses which any lender can napkin math on a credit report.
You stated you have no savings, which combined with credit card debt, means you're spending more than you're making or living paycheck to paycheck best case from a lender perspective: that's a tough sell to underwrite when you're asking for an unsecured loan. Not saying it can't be done, but as another poster suggested, a budgetting exercise and a plan is absolutely needed: once you've done the hard thinking there, you can go down to a few local CU's and plead your case (bring a current credit report and ask if they can help, they'll likely say no if it's obvious they can't and avoid the HP) or otherwise just start paying the debt down if they won't accept your offer.
