If you really want to lose your soul in a hurry, start loaning out money at a 500% interest rate. Come on people that rate is WAY too expensive for people to pay off. Guaranteed high risk personal loans are outside the reach of any regular person so honestly, I don't see how they could possible be a good idea for anyone.
If you're in a huge bind, and you don't have any family that you can borrow from, I guess you can go into the corner payday store and take out a loan with 500% interest.
Tuesday, November 18, 2008
Are Any Loans Guaranteed?
The real question is whether there are any loans out there that are truly guaranteed. Is there a loan that absolutely any person can get? Of course not. However, guaranteed loans usually can be guaranteed as long as a person can meet a few simple requirements.
First, you will probably have to be a citizen of the United States who is at least 18 years old. If you're not, obviously it might be difficult for the lender to collect the money owed. Additionally, most loan centers will require you to have a job and an active checking account.
As long as you meet those few simple requirements, you should be able to get a guaranteed loan.
First, you will probably have to be a citizen of the United States who is at least 18 years old. If you're not, obviously it might be difficult for the lender to collect the money owed. Additionally, most loan centers will require you to have a job and an active checking account.
As long as you meet those few simple requirements, you should be able to get a guaranteed loan.
Guaranteed High Risk Personal Loans Are Dang Risky
Yes, there is such a thing as guaranteed high risk personal loans. People get them all the time, except they usually call them by the name 'payday loans'. There's a shop on every corner, and people pay insane amount of interest to get them.
A friend of mine recently found an online store that will actually give you your first loan for free. However, if you don't pay your loan off on time, it's going to get mega expensive in a huge hurry!
Here's the deal - don't get this type of a loan. They are WAY too expensive. Go to the bank and get a signature loan. If you have bad credit, stop getting loans altogether.
A friend of mine recently found an online store that will actually give you your first loan for free. However, if you don't pay your loan off on time, it's going to get mega expensive in a huge hurry!
Here's the deal - don't get this type of a loan. They are WAY too expensive. Go to the bank and get a signature loan. If you have bad credit, stop getting loans altogether.
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