Credit Help | Write Off Your Debts‎ - CreditRaters.com page
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  • Loan Amount
    $1000 - $10000
  • Loan Term
    60 Months
  • APR Range
    34% - 155%
Net Credit
  • Personal Loans $1,000 - $10,000
  • Line of Credit up to $3,500
  • 14 States Covered
  • Loan Amount
    $1000 - $5000
  • Loan Term
    48 Months
  • APR Range
    29% – 299%
Loan Now
  • Lightning fast online applications
  • Funds typically deposited within 24 hours of acceptance
  • Repay the balance over multiple months to reduce each repayment
  • Loan Amount
    $100 - $1000
  • Loan Term
    30 Months
  • APR Range
    26.88% - 1303.57%
Amount $200, Finance Charge $35.20, APR: 229.43%, Repayment $235.20 on 30 days Lend Up
  • Loans available within 1 business day of acceptance
  • Multiple repayment options including debit card, MoneyGram and check
  • Clear your outstanding balance early without early repayment charges
  • Loan Amount
    $300 - $750
  • Loan Term
    6 Months
  • APR Range
    190%
Loan Amount $400, 120 days. Total of payments $569.88, APR 190%. Fig Loans
  • 9.7 TrustPilot Score
  • Instalment loans and credit lines
  • Fast acceptance rate
  • Loan Amount
    $100 - $1500
  • Loan Term
    12 Months
  • APR Range
    390%
Check Into Cash
  • Providing short term loans for more than 25 years
  • Excellent selection of short term loans
  • Outstanding customer service
  • Loan Amount
    $100 - $1000
  • Loan Term
    6 Months
  • APR Range
    618%
A $500 loan over a period of 182 days with 13 bi-weekly payments (every 14 days) would have a payment of $89.24 with an APR of 387.92%. Check City
  • Online and in store loans available
  • Payday loans from 1 – 40 days
  • Loans paid within 24 hours of acceptance
  • Loan Amount
    $1 - $2400
  • Loan Term
    35 Months
  • APR Range
    90% - 805%
Cash Net USA
  • Multiple products to choose from
  • Quick and easy online application
  • Instant decision and same day cash transfer available
  • Loan Amount
    $100 - $500
  • Loan Term
    24 Months
  • APR Range
    150% - 450%
24-month installment loan of $2,501 would require 24 monthly installments of $400.39 per month, which totals $9,609.36 when all is said and done. Cash Central
  • Competitively priced against similar short term loans
  • Confidential online service
  • Get a decision in seconds and funds in minutes (if accepted by 7.45pm EST Mon - Thur)
  • Loan Amount
    $100 - $2500
  • Loan Term
    9 Months
  • APR Range
    471% - 841%
Blue Trust Loans
  • A higher maximum borrowing limit of up to $2,500
  • Longer repayment periods of up to 10 months
  • Reduced fees of up to $16.00 per $100 borrowed
  • Loan Amount
    $200 - $1500
  • Loan Term
    18 Months
  • APR Range
    35% - 600%
Repay $1,000 over 13 bi-weekly payments at an APR of 344.85%, this would be made up of 12 payments of $175.95 and a final one off repayment of $175.08 upon completion. Big Picture Loans
  • Tribal status means they're able to offer their own lending terms without state restrictions
  • 91% of accepted applications paid within 24 hours
  • Customer service team available 24/7
  • Loan Amount
    $500 - $5000
  • Loan Term
    36 Months
  • APR Range
    187% - 412%
Borrow $2,000 for 12 months with a 19.9% representative APR and a monthly repayment of $183.63. Total repayment will be $2,203.56 Bad Credit Loans
  • Able to assist borrowers from all credit backgrounds
  • Loans are unsecured meaning none of your assets are at risk
  • Accepted loans typically deposited within 24 hours
  • Loan Amount
    $50 - $4000
  • Loan Term
    18 Months
  • APR Range
    400% - 521%
AmeriCash
  • Excellent customer service track record
  • Lightning fast online application
  • High acceptance rates
  • Loan Amount
    $100 - $5000
  • Loan Term
    12 Months
  • APR Range
    143% - 688%
Advance America
  • Lightning quick deposits
  • High acceptance rates
  • Broad range of lending products
  • Loan Amount
    $100 - $1500
  • Loan Term
    30 Months
  • APR Range
    214.62% - 611%
Ace Cash Express
  • More than 50 years of experience providing short term loans
  • Wide range of lending products available
  • Excellent customer service record
  • Loan Amount
    $2600 - $100000
  • Loan Term
    180 Months
  • APR Range
    13.33%
The Loan Exchange
  • Complete an application for free! Applying does not impact your credit score!
  • Select the offer that works best for you and save your offers for up to 30 days!
  • Your funds will be deposited right into your account in as little as one business day!
  • Loan Amount
    $500 - $5000
  • Loan Term
    18 Months
  • APR Range
    59% - 160%
Loan Amount $2000, 9 monthly payments of $395,58. Total of payments $3,560.22, APR 160%. OppLoans
  • Get approved today with an easy online loan application!
  • Once approved, receive money in your account as soon as the next business day!
  • Payday loans average an APR of 400%. Compare to maximum 199% APR offered through OppLoans!
  • Loan Amount
    $400 - $50000
  • Loan Term
    24 Months
  • APR Range
    521.43% - 1173.21%
Representative Example: If you borrow $5,000 on a 36 month repayment term and at a 10% APR, the monthly repayment will be $161.34. Total repayment will be $5,808.24. Total interest paid will be $808.24. Honest Loans
  • Submit to borrow up to $50,000!
  • Works with wide range of lenders!
  • Friendly and fast loan broker!
  • Loan Amount
    $100 - $5000
  • Loan Term
    6 Months
  • APR Range
    18.23%
Representative Example: If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR. Credit Clock
  • Same day credit available!
  • Lends to most states in America!
  • Repay your loan early anytime!
  • Loan Amount
    $100 - $5000
  • Loan Term
    12 Months
  • APR Range
    18.23%
Representative Example: If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR. Money Lender Squad
  • New 2019 American loan broker!
  • Access over 30 lenders in 1 application!
  • Low APR rates and cheap monthly installments!
  • Loan Amount
    $100 - $5000
  • Loan Term
    12 Months
  • APR Range
    18.23%
Representative Example: If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR. Viva PaydayLoans
  • No previous credit history required!
  • Same day funding as quick as 10 minutes!
  • All employment types considered, even military!

Credit is used by millions of people around the world each and every day to overcome a range of financial challenges. From smaller payday loans to help you tackle life’s little emergencies through to larger debts to assist with property purchases, credit now plays a huge part in almost every area of society.

However, should your financial situation change or you become unable to repay your debts for whatever reason, they can quickly become overwhelming if you don’t take the correct steps to rectify the situation.

In this guide, we’ll take a look at what debt help is available, how you can rebuild credit history over time and ultimately get out of debt.

How To Rebuild Credit History

If you’ve struggled with debt in the past and this has had a negative impact on your credit score, then unfortunately just avoiding credit altogether won’t do much to improve things. You’ll need to show lenders that you’re able to make full and timely repayments so that they can feed this back to credit agencies for future assessments.

The cache-22 is that if your credit score isn’t great, it can make it harder to obtain the credit needed to correct this. Fortunately, there are a couple of handy options available to help you grow your score.

Credit Builder Credit Cards

Credit builder credit cards are targeted at those with a poor credit history or with no credit score at all. Contrary to what people often think, if you’ve had no credit in the past this is actually viewed as a negative by lenders since there’s no record of your financial management.

With credit builder credit cards, you’ll often start with a modest credit limit of just a few hundred dollars which can then be increased over time as you continue to rebuild credit history. They do come with higher rates of interest but offer much higher rates of acceptance when compared to more traditional credit cards.

Guarantor Loans

If you’re trying to rebuild credit history but are struggling to get a loan or credit card based on your credit score then a guarantor loan may well be the answer. Guarantor loans are an excellent debt help strategy as they’ll use the credit score of someone you know rather than your own when assessing the application.

Whether the loan is for debt consolidation or another personal expense, it will be down to you to make repayments although your guarantor will need to step in should you ever  be unable to pay.

An additional advantage of guarantor loans is that although your guarantor’s credit score will be used to assess the application, it will be your credit score that improves as the debt is repaid.

Top Tips To Get Out Of Debt

If you’re trying to get out of debt then there are some really productive steps you can take to quickly get back on your feet.

Communicate With Your Lenders

If you’re struggling to make repayments on your existing lines of credit then it’s easy to bury your head in the sand and ignore it. This is absolutely the worst thing you can do!

By not tackling your financial responsibilities head-on, the situation will only become more stressful without being resolved.

Instead, contact your lenders and explain your financial situation to them. It’s in their best interests to help you as best they can and you’ll often find they can offer support such as frozen interest, a stop on charges or a delay to your next payment whilst you get yourself sorted. They may even allow you to refinance your debt, bringing monthly repayments back in line with your current financial circumstances.

Create An Honest Budget

Knowing where you stand with your monthly finances is half the battle. Creating a full and honest budget of where your money is going each month will help you to better understand where you can cut back.

Prioritise your spending and ensure that debt repayments immediately follow your essential monthly household spending. 

By preparing this budget and having your financial facts at hand, you’ll be able to communicate this to your lenders, giving them a better of being able to help you get out of debt.

Shop Around For Better Rates

The rates for debt consolidation loans are changing all the time and if you haven’t shopped around for a loan comparison in a while then you could be throwing away valuable dollars each and every month. 

Debt consolidation loans will allow you to combine your debts together into one easy monthly repayment, making it far easier to manage your outgoings and secure a more competitive interest rate in the process.

Access Debt Help And Debt Advice Services

America is fortunate to have a selection of well-funded debt support services that can help you to find a solution if you’re struggling to repay your debts.

The government operates a useful debt management guide on their website at www.usa.gov/debt. Here you’ll find helpful information on budgeting, any welfare that might be available to you along with contact details for local debt support groups.

There’s also www.debt.org which offers debt relief services and free financial tools and information to help you manage your debt. They can even help to structure repayments with your creditors to give you the breathing space needed to get back on your feet.