On the basis that you have no colateral, you have slim to no chance.
Got ar elative that can lend you the $$$? Do you have the time to get
another job to enhance what you are currently doing?
- quote -

I'm approaching this assuming it's a legitimate question rather than
a scam to try and get money from strangers (and, yep, people have
been known to do that on usenet)?

- quote -

As John noted, the first key issue is to look at exactly why you
need that amount of money--that is, what is the nature of the
disaster in question? Are you about to be evicted from your rental
house? Are you in need of medical treatment? Or is this a debt
that you owe to someone you are looking to refinance? Or this to
finance an item of consumption.

Each of those options leads to different potential solutions, some
of which will involve attempting to reduce the $XXXX via various
means (including bankruptcy). As well, you need to carefully and
honestly consider if the disaster is truly one that could not have
been foreseen, or whether the disaster is the consequence of other
actions you have taken or failed to take.

If the latter, have you taken steps to insure the problems won't
simply recur a short while later? And if it truly a situation that
is out of your control (an unexpected illness let's say), are you
sure that $XXXX will be the end of the problem? Or just the
beginning? Solving tomorrow's problem won't be of much use if the
day after tomorrow you are facing the same problem again.

As well, in either of those cases, it's likely you are making a
promise below that you won't actually keep, even if you "really,
really" mean to do so now.


- quote -

Well, those are a problem because it suggests that there is a very
real risk the loan won't be repaid. That is, your credit "sux" most
likely because you've had issues with borrowing funds or becoming
otherwise obligated to someone and not paying according to the
agreed terms in the past.

Again, it is important to know why "your credit sux" at this point?
Are we talking about a lack of credit history, or a bad credit
history?

I've known people with credit problems who sincerely believed that
$XXX would solve their problems and that they'd be able to pay that
amount back--and approached friends for money based on that.
Friends who took them up on that discovered that as the underlying
problem (lack of ability to manage money) wasn't solved, they didn't
get repaid.

The borrower felt bad (and I honestly believe they *did* feel bad),
but the money still didn't get repaid. When payment dates came up,
they either avoided the lender *or* came up with a story about how
they would pay them "real soon now" that, if the friend accepted it,
pushed the problem into the future--and they promptly forgot about
the issue until that future date arrived, on which date they
suddenly were back in a panic.

I notice that in most cases these individuals also tended to ignore
financial problems entirely until they had something they identified
as a crisis (power about to be or actually turned off, for
instance). But once that crisis was solved, they again forgot about
financial issues until the next crisis occurred. So that suggests
you also need to consider when you *should* have been able to see
this "disaster" coming--if it would have been easily predictable
months ago, you have to recognize that your denial is part of the
problem. And that denial is also why it's unlikely you'll actually
pay back any loan over 24 months, since until the first payment is
due you don't have to figure out where you'll get the money after
all of your other commitments have been met.

I lost a *lot* of weight a couple of years ago and I've managed to
keep it off. But the one thing I knew was that if I was going to be
successful I not only had to endure a diet, but I also had to change
my overall eating habits for good--because most dieters that lose
substantial weight put it back on in the short term (the yo-yo effect).

The same is true of most people who have gotten themselves into
money trouble--even if they get the current issue solved, they dig a
new hole in a short time frame. You need to honestly determine how
you ended up in this position and what you'll need to change to
assure you don't end up here again.

--
Ed Zollars, CPA
Phoenix, Arizona

Get a second job, sell blood, sell your non essential goods to pawn shop,
try your luck at Jeopardy.

"Ed Zollars, CPA" <ezollar[at]mindspring.com> wrote in message
news:cd6vo402303[at]news3.newsguy.com...
- quote -

In article <cd6vo402303[at]news3.newsguy.com> , Ed Zollars, CPA
<ezollar[at]mindspring.com> wrote:

- quote -

In order to give specific suggestions, I'd need to know why you
need the money. I can see three possibilities...

1) because you are in debt and creditors are on your case.
2) because you want to do something optional with the money.
3) because you need a life-saving medical procedure.

In case #1, there is the old saying that you cannot get blood from
a turnip. Simply don't take the creditors calls. Work harder, get
a 2nd job, put your wife to work, and earn a little more money. Pay
off the bills one at a time. If they are threatening to take you to
court, you may have to file for bankruptcy once they file suit. If
you got into this mess on your own, you are fully capable of getting
out of it on your own.

In case #2, learn to wait until you can afford it, or until you
clean up your credit.

In case #3, check with all of your relatives to see if any will
give the money to you. Also, check around and see if you can find
a hospital that will treat you on credit. If this doesn't work,
check with insurance agents to see if you can get insured prior
to needing the operation, or get a new job that has insurance.
If none of that works, then take a vacation to England where they
have socialized medicine, and time it so you need the medical
procedure when you are in England. If they make you pay anything
at all, it will be far less than market rates.

Good luck!

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

Moderator's note: I am posting the below after editing the post
somewhat to get it on topic for purposes of discussing advice to
this person. It was originally posted by "Galleon
<Galleon.19ge1z[at]isprank.com> "

--Original post by Galleon <Galleon.19ge1z[at]isprank.com> (edited)

I am in a state of disaster. I desperately need $XXXX (amount
deleted) and am looking for a loan that I can pay back over 24
months. My credit sux and I do not have colateral hence not being
able to get a loan from a bank.

I am employed full time and have been with my current employer for 2
years now.

--end original post

Continue moderator's note: the issue is what advice would be
offered at this time?