Bad Credit Student Loans

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Posted by Professor | Posted in Uncategorized | Posted on 06-07-2010

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Bad Credit Student Loans
no credit check student loans with bad credit no co signer please help?

Can I be honest with you, or would you rather I lied and told you everything is going to work out, have a nice day?

The program you’re looking for doesn’t exist.

Did you read the papers today? Did you hear about Lehman Brothers declaring bankruptcy? Did you read that Bank of America rescued Merrill Lynch from a similar fate, and that AIG is going to be the next mega finance company to fail? I bet you thought this had nothing to do with you.

Bad news – it has everything to do with you.

Actually, I bet you haven’t paid any attention to this news, so let me tell why these huge companies are in dire financial straits, and why the US economy is in for an even rougher patch then we’ve had already….

It’s because the lenders got careless with their money and began lending it to people with poor credit histories and insufficient income.

Guess what? Now that all the banks are in deep trouble, they’ve remembered what it is they used to do – they used to lend money only to people who could provide convincing evidence that they would repay the funds they borrowed.

So now you’re coming here and saying – “Someone help me out. I need to find a legitimate lender that will ignore the fact that I have no income and that when I borrowed money in the past, I didn’t pay it back as quickly as I promised – in fact, sometimes I didn’t pay the money back at all.”

Bad news. Lenders like that do not exist.

You did know there were going to be some consequences of establishing a history of bad credit, didn’t you? Here they are.

You will not find a legitimate lender who will lend you a significant sum of money with no income, no cosigner and bad credit. The sub-prime lenders that were making those kinds of loans have gone belly up, and the only “lenders” (if I can use that word lightly) who remain in the industry are the crooks who charge unconscionable rates of interest to the desperate and foolhardy.

I’m sorry, but that’s the cold, hard and unvarnished truth.

Or I could just wish you well and tell you to have a nice day.

Credit Cards for Bad Credit – Part 1.mp4


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