How to get a loan with bad credit?
So today a colleague and I were talking about how being in bad credit is basically like a vicious cycle that is extremely hard to get out of.
If you have bad credit no one wants to give you a loan (even a small one) because of fear of not geting paid back. Major banks wont help and even the sketchy ones are reluctant. I mean how do they expect to get OUT of bad credit without aiding them. I mean people make mistakes and bad credit happens. I dont think its fair for people to get punished. Atleast help out by creating a system where a little can be paid off at a time.
So if you do have bad credit...where can you get a loan??
To rebealt your credit...
Hi, You would try to save money exemple 1,000 $ after go to the bank and ask for an RRSP loan. It's more easy because the bank wants to sale a RRSP loan. You can explain to the bank than you made a deposit of your 1,000 $ on a freez account and they will take a monthly payment on that account. After the global payment on this loan - you receive a credit rate like R1 so you can do that for a tree time.... (sorry for my english) Bonne chance !:-)