Are you in need of up to $10,000 and you need it in a hurry? Does your credit report show that you have very bad credit? Do not fear because there are still options for you to get a $10,000 loan needed for bad credit. Here is where you should start.
First, if you have a paid off vehicle or a large amount of equity in your home, then these are the easiest things to leverage for a loan. The vehicle can get you a title loan up to about 95% of the current value of the vehicle. The home equity can get you a second mortgage or a refinance of your first mortgage with cash out. This can easily get you the money you need and it will be very easy for you to qualify.
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Second, if you do not have any property, then there is a place called Prosper that might be able to help. They provide a lending marketplace that is filled with individuals willing to invest a small amount into your loan. When you can get a few of these individuals to invest in your loan you can fund the entire loan and the accept any credit.
Last, if you cannot get any other option to work for your $10,000 loan needed for bad credit, then you can place an ad in your classifieds and on craigslist asking for a private lender to invest in your loan. This is a great way to find someone willing to take the risk if you have a large enough reward (the interest rate) for them.
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