According to Bankrate, 61 percent of Americans do not have the money they need to cover an unanticipated tax bill. However, a personal loan may be the answer to their problems.
Bankruptcy can help in restricting or eliminating debt completely, but it can drop a credit score by nearly 240 points. This means applying for a personal loan or line of credit can be difficult. Difficult, not impossible.
In fact, the first stop to ask for a personal loan should be at the credit union, especially if you don’t have a great credit score. Credit unions offer more flexible terms and lower interest rates, and employ loan officers who will look beyond the credit score. Why should you consider a credit union personal loan?
Tribal payday loans can be a great way to get money when you are in a bind. Most people who have bad credit end up borrowing from family or friends, and this is not a very responsible way to handle money.