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My husband and I owe a friend a little money. We pay her payments every month but she has decided that that is not enough. We are wanting to pay her off. To do this we will need to get a loan. But, our credit is not perfect. Anyone know of a good safe place to get a loan where you dont have to have perfect credit..?

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Anonymous

Asked by Anonymous at 9:30 PM on Dec. 19, 2009 in Money & Work

Answers (5)
  • Do you absolutely have to go that route? Can you come to a monthly agreement and put it in writing? Have it notarized. It will be a legally binding contract. That way she won't be able to say it's "not enough" and make more demands.
    Anonymous

    Answer by Anonymous at 10:03 PM on Dec. 19, 2009

  • Ask her what would be enough as a monthly payment. The other way you will have to pay an interest rate if you get a loan.

    How much do you owe her?

    Anonymous

    Answer by Anonymous at 8:24 AM on Dec. 20, 2009

  • you could try prosper.com otherwise there are lots of places that you can get short term loans at a very high interest rate. did you sign a contract with this friend? she can't really, legally, renig on any sort of arrangement that you guys have made verbal or written.....
    do you have any family members that could loan you the money to repay her?


    good luck, i wish you the best..
    Anonymous

    Answer by Anonymous at 9:52 AM on Dec. 20, 2009

  • Unless you have a contract that allows her to "call the loan," I doubt there is anything she could do other than try to take you to small claims court and they'd probably say "make payments." Make sure you keep a paper trail of payments. I would not go to a "fast cash" lending place as that could land you in worse financial trouble.
    happytexasCM

    Answer by happytexasCM at 10:24 AM on Dec. 20, 2009

  • Maybe you could ask her to hold out until you get your taxes back!? If your getting a tax refund that would be a great way to spend it, it would clear up a monthly payment, and allow you to stop dealing with the stress of the loan. I wouldnt deal with a loan from a loan company. youll extend on the time you owe, it sounds like she got herself into a situation and is trying to get you guys to fix it for her!
    sweetstkissez22

    Answer by sweetstkissez22 at 8:14 PM on Dec. 20, 2009

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