I have been given the opportunity to start a home-based business that will help me repair my finances and get back on track. Are there any programs out there for people with really really really bad credit? I do work full-time and am slowly paying off old debt, but would love to be able to pay it off faster and not kill myself in the process.
I have been given the opportunity to start a home-based business that will help me repair my finances and get back on track. Are there any programs out there for people with really really really bad credit? I do work full-time and am slowly paying off old debt, but would love to be able to pay it off faster and not kill myself in the process. And Prosper.com won’t work for me because my credit score is too low – I said it was horrible credit history. Also, I have no way of coming up with any good faith deposits or collateral of any kind.
hull City Chat
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It all starts with a business plan… get your pad and paper. If you can show profit on paper, the money will find you instead of you finding the money.
Chances are right now very slim that a bank will give you a loan unless you have some sort of collateral to put up to secure the loan. If the loan is not secured, there is nothing the bank can do other than try to collect the debt if you get behind, with a secured loan they are at least somewhat covered. perhaps a relative or close friend can loan you money or cosign a loan?
Work on your credit. Get in a better financial place. THEN, start a business. You should leave yourself room for error. If you start a business now and it don’t do good. Then, you are in a worst place then you were before. So deal with the issues at hand, and get a debt elimination plan. It may take some hard work ,but it will give you more options when you start your business. An dmore money to use to make your business successful.
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