Consumers in New Jersey that are seeking a unsecured personal loan but don’t think they will qualify or have been already turned down by a bank because of their credit history may be tempted by websites and ads that guarantee loans, regardless of past credit. Should the consumer apply, they will likely find out that they have to pay a fee just for the promise of the loan.
Consumers that have to pay a fee for the promise of a loan are most likely dealing with a scam artist. More than likely, they will get just an application for a credit card, a stored value or debit card, or a card that has so many strings attached, it’s practically worthless.
The free consumer organization "Bad Credit MD" wants consumers in New Jersey to know that there are real unsecured loans for people with less than perfect credit from peer to peer lending groups. This popular alternative to traditional loans cuts out the middleman to connect people who need money with those who have money to invest. To learn more about these special unsecured loans, please review the information at http://www.badcreditmd.com/unsecured-personal-loans-for-p....
The Federal Trade Commission (FTC) also warns consumers seeking loans from lenders that claim “Bad credit? No problem,” “We don’t care about your past. You deserve a loan,” “Get money fast,” or even “No hassle – guaranteed” because they often indicate a scam. These scam lenders may say a consumer has been approved for a loan, then call or email demanding a fee before they can get access to any money.
Consumers should know that it is illegal for companies doing business in the U.S. by phone to promise a loan to a consumer and ask them to pay for it before they make good on their promise.
Consumers who are need of cash but are unable to find a unsecured loan because of bad credit should make a realistic budget that includes their monthly and daily expenditures, and plan, plan, plan. They should try to avoid unnecessary purchases: the costs of small, every-day items like a cup of coffee add up. At the same time, they should try to build some savings: small deposits do help. A savings plan — however modest — can help avoid borrowing for emergencies.
If a consumer needs help working out a debt repayment plan with creditors or developing a budget. Non-profit groups in every state offer credit guidance to consumers for no or low cost. They may want to check with their employer, credit union, or housing authority for no- or low-cost credit counseling programs, too. The free consumer organzation "Bad Credit MD" also provides some tips and sound advice for dealing with debt at http://www.badcreditmd.com/repairing-bad-credit/dealing-w....
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Bad Credit MD, is a free On-line consumer information guide that helps people living in New Jesey with credit problems in the cites of Newark City, Jersey City, Paterson, Elizabeth, Trenton, Camden, East Orange, Clifton, Edison, Bayonne, Irvington, Union City, Vineland, Brick Township, Passaic City, Union, Parsippany-Troy Hills Township, Bloomfield, North Bergen Township, Wayne, Plainfield, Hoboken, New Brunswick, Atlantic City, Willingboro Township, West Orange, West New York, Teaneck, Perth Amboy, Montclair, Linden, East Brunswick, Hackensack, Kearny, Belleville, Ewing, Pennsauken, Fort Lee, Fair Lawn, Westfield, Sayreville, Long Branch, Nutley, Garfield, Rahway, Paramus, Livingston, Bergenfield, Ridgewood, Millville, Cranford, Lodi, Englewood, Maplewood, Lakewood, West Milford, Old Bridge, Somerset, Cliffside Park Hillside, Summit, Scotch Plains Roselle, Carteret, South Plainfield, Lyndhurst, Millburn, North Plainfield Bridgeton, Pleasantville, North Brunswick Township, and Toms River.
Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. This self-help site has over 500 pages of credit advice and articles. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge.
