OT- I need a loan, can anyone please help

[wilheim]

Rx.com Policy regarding financial transactions between posters.

Please proceed with extreme caution and operate at your own risk when dealing with other Rx posters privately, especially in financial matters. The Rx.com does not endorse any posters that solicit other posters for loans and cannot vouch for any posters that attempt to procure loans from other posters anywhere on this site.

Financial transactions between posters are extrememly risky and The Rx. advises the use of the most serious caution before making any kind of financial transaction with another poster. The Rx.com itself cannot be held responsible when posters fail trying to recover funds loaned or wagered to other posters under any circumstances.

Unless you personally know a poster or one is vouched for you by someone you highly trust you sould be very hesitent to conduct unsecured financial business with poster you meet on this any other forum.

I cannot over emphasize how dangerous it is to bet or loan money with or to complete stangers and expect to be paid in the end. I am not saying all posters are dishonest but utmost caution needs to be practiced whenever posters deal with each others privately, especially in regards to financial matters. The Rx.com cannot help mediate disputed wagers or debts between private parties unless both are willing to cooperate.

Caveat Emptor - let the buyer beware..

Thank you, wilheim..

 

[totalguy]

WVU, this is all you really need to know:

§ Number of recently delinquent accounts. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o>
§ Number of accounts with high balance-to-limit ratios. <o></o>
§ Age of accounts. <o></o>
§ Available credit on open revolving accounts.

He is very eager to add you to his list of delinquent accounts.

 

[CalvinTy]

Something is amiss here.
Even with a low credit score, can't you get a credit card or two and put your tuition on that? There's more to this story I think

It's interesting you mention this, juice.

My girlfriend has a credit score of 600+ when we had her credit history checked out, and she was thinking that she had BAD credit due to several tiny collections (3 or 4 collections of less than $300 or so... from hospital bills, etc etc) in the past. She even had her car repossessed but apparently it was auctioned off & charged off. She also never had a credit card before either.

So it's weird that my gal has no credit card in the past, and several small collections, and a car repo, and yet has 600+ score.

On the other hand, her friend who is much much more terrible with money, her friend couldn't even get a Prosper loan because her friend had a score lower than 520. And guess what? Her friend owes my gal some moola, and she hasn't paid my gal back yet.... good example.

I believe that desination means well, trying to share as much information as possible, but due to time constraints, I think some advice shared already is great including taking a semester off (and no no no, it will not MEAN several years are being BLOWN away if that is done).

Reality is I can't sell my car and I can't stop going to school. I have one more year of school and can almost taste it. To stop now would to be throwing away the last few years and I can't do this.

My gal has 1 more year of school as well, and if there was some huge reason where she can't pay for her school for this fall/spring, she would have simply taken a semester or two off to make it happen. Please consider this as a possible option; that's all I can say.

Also, if co-signing is not possible, can you explain why your local bank won't give you a personal loan with high interest when they know that you could use pay-day loans "across the street" but being a rip-off?

* CalvinTy

 

[CHOPTALK]

Sounds to me that the letter from prosper explains you did not get to post a loan not because you have no credit like you say, but because you have bad credit. Thats a huge difference.

The most important factors affecting your credit score were: <?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o>
§ Number of recently delinquent accounts. <o></o>
§ Number of accounts with high balance-to-limit ratios. <o></o>
§ Age of accounts. <o></o>
§ Available credit on open revolving accounts



The above says nothing about lack of credit. The above indicates that you have bad credit.

 

[CHOPTALK]

I think a person with no credit at all has at least a 580 score I think I READ ONE TIME. The only way someones score can go below 550 is if there is some negitive history.

I would not give this loan at 50% interest.

 

[WVU]

I have seen Desination's credit report. It looks like he has had a typical college life with over extended credit and over extended spending habits. It appears that he is trying to get everything back in order. I believe that he is truly trying to get out of a bind and not out to rip anyone off.

I know that this is a gambling website, but the people that post here are real people. Always being skeptical and negative are not always the best qualities to display to strangers who are real people just like you and me.

 

[CalvinTy]

I understand, WVU. Though, a quote comes in mind, "an ounce of prevention is a pound of cure". We (and the bankers) have to protect ourselves and evaluate the risk that has approached us.

We start off skeptical until we understand the background and history before we can feel that it's a calculated risk that will pan out.

When it comes to whether a post online at a gambling forum is sincere or not, I don't really focus on whether it's sincere or needing a quick fix to a problem-- I just think of this from a logical view: "if a local bank refuses to lend out a personal loan to a person without a co-sign, how is it good for an online lender to assume that kind of risk?"

Hope everything pans out for desination, of course.

* CalvinTy

 

[themanej2001]

I have seen Desination's credit report. It looks like he has had a typical college life with over extended credit and over extended spending habits. It appears that he is trying to get everything back in order. I believe that he is truly trying to get out of a bind and not out to rip anyone off.

I know that this is a gambling website, but the people that post here are real people. Always being skeptical and negative are not always the best qualities to display to strangers who are real people just like you and me.

WVU you are making a huge mistake... The government and banks have loans for this exact reason and he is full of shit... My GF's mom is a single mom that is now going to law school... She goes to a school that cost 30,000 a year and if this problem ever came about the government or a bank would pay for this...

Also he is claiming that the parents won't cosign for him because they aren't in any place to do so. That means his damn parents don't even trust him... His parents wouldn't be responsible for one payment that he made to the bank as long as he never missed any. So if he would never miss any payments his parents should gladly co-sign for him... You don't want to help this kid out... A Credit Score below 520 is AWFUL!!!! I didn't pay two credit cards for 6 months because I forgot I had them and my rating is a 650 which is bad...

This kid will not pay you back and I would ask for proof of a car payment. Also his excuse for not selling his car is bullshit. Because public transportation sucks... Well if you really wanted to go to school you would suck it up... All these stories are bull shit...

I have plenty of friends who have had outstanding balances at schools and they just set up a payment plan with the university so they can go to the school still while paying off their debts.

 

[CHOPTALK]

WVU, you are smarter than this.

He has already lied 2 or 3 times in this thread alone.

He is begging for money on a gambling forum for gods sake.

 

[Betallsports]

I still will have to agree with " Juice ".....There seems to be something missing in this Story..

And just a FYI......A "promissory note" is not even as good as the paper it's writen on.... You can go to a court and all he needs to say is I don't have the money ! They won't Lock him up or force him to pay

I'm not Bashing here....I feel bad for the kid..... But for him to post this on the RX to people he doesn't even know...Is like going to the Street
( if you know what I mean )

I would say there is Always ways to make some extra money ! Start selling on Ebay !! sell a few things here and there..

You must have things that you can sell that's just laying around.
Or go to a Dollar store, buy some things there and sell them for $5 bucks
Charge a little extra on S&H make a few bucks extra there.

Go home and see what things you can sell ( not your parents stuff ) but things from your room. Baseball cards,Old toys, Etc...

Just my 2 cents...GL

 

[PyRoCaPPer]

What part of Ohio are you from Destination?

 

[juice]

Does he have anything to possibly secure the loan? The car maybe? Any other assets at all?

 

[WVU]

what make you think his parents have a better credit rating than he does? Parents are not always an automatic source for a co-signer. I know mine were not when I was in college.

The guy's credit score is in the high 500's. I am not sure why Prosper would not let him apply for a loan as it should meet their standards although their scoring system is somewhat different.

 

[dimeplayersonly]

lets see..........a college kid posting on a sports forum.....asking for a loan....let me think about it.....mmmm......no



btw how much do your really owe your bookie??

 

[Anti-liberal]

Go home and live with the parents for a year and dog it, saving as much cash as you can. Or enlist with the miltary or coast guard and get under a college program that gets you cash for school.

 

[ChrisParadise]

can we start a forum called "i need money" and put it below the rubber room?

anyone remember that guy in "How High" with the grill that read " I NEED $" ....i been thinking about that character a lot latelyt for some reason now that i think about it

 

[Mr.Smith]

no one can really have any clue what anyone intends to do with a loan despite whatever is in their "write-up".

and in all likelihood, he has already borrowed all he can from friends/family hasnt repaid and cannot get any more from them, these loans are not on his credit report.People who need money go to the easiest sources first.

so whatever you see in his report, its probably worse.

Their are a lot of worthy charities out there for people who want to help someoene and wont get tied up in a knot if they dont get repaid. you can give some single mom $167 to keep her power from being shut off, help poor kids in Guatamala, help a poor as dirt farmer in some dire country buy a service animal so they and their family can make a living instead of starving, etc.

 

[RacerX]

Looks like he might be playing a ton of games come Sept 1

http://www.therxforum.com/showthread.php?t=488865

 

[Betallsports]

Looks like he might be playing a ton of games come Sept 1

http://www.therxforum.com/showthread.php?t=488865

It seems he had Plenty of time working out a System for Ncaa Football:modemman:

 

[themanej2001]

what make you think his parents have a better credit rating than he does? Parents are not always an automatic source for a co-signer. I know mine were not when I was in college.

The guy's credit score is in the high 500's. I am not sure why Prosper would not let him apply for a loan as it should meet their standards although their scoring system is somewhat different.

His parents have a steady income. You need ZERO credit to get a loan for college these days... Especially in this situation... He could also easily work out a payment plan with his school... I have seen this done 100's of times...

He is scamming you WVU... Come on I go to college I seen kids in this spot all the time and either the bank will help them out, the government will, or the school we organize something with him...

Also I have never heard of them not releasing a financial aid check do to the fact that he hasn't paid fully... The government has no clue what he has or hasn't paid for school yet... My buddy spends 90% of his financial aid check on weed that is how I know they have no clue... His parents credit could be dog shit but with a steady income pulling 60-70k + a year in they would gladly allow them to co-sign on this loan...