Discussions

Any information on where to get a small loan with poor or bad credit but good income? Thank you.

You are probably going to have to settle for MoneyMart or something like that.

...then do this. Save the cash first! Then apply for a credit card and have the limit set no higher then you need. Buy the item. Pay off the credit card and build some good credit history. Only use the card when you have the cash to pay it off.  
In this got to have it now world, a little patience goes a long way.  
 
Marpet

Marpet said "...then do this. Save the cash first! Then apply for a credit card and have the limit set no higher then you need. Buy the item. Pay off the credit card and build some good credit history. Only use the card when you have the cash to pay it off.   In this got to have it now world, a little patience goes a long way.     Marpet "

That works great if you don't need a loan for a month or two. Back in the day when I had barely two pennies to rub together that was very hard to do. My vehicle needed a new tire, had to do the loan shark companies. Couldn't wait 2-3 months to save it up. We didn't make a habit of it. We then started like you said, save 20-30 here and there and ended up with a credit card with low limit.

Fishin Guy said "    Marpet said "...then do this. Save the cash first! Then apply for a credit card and have the limit set no higher then you need. Buy the item. Pay off the credit card and build some good credit history. Only use the card when you have the cash to pay it off.   In this got to have it now world, a little patience goes a long way.     Marpet " That works great if you don't need a loan for a month or two. Back in the day when I had barely two pennies to rub together that was very hard to do. My vehicle needed a new tire, had to do the loan shark companies. Couldn't wait 2-3 months to save it up. We didn't make a habit of it. We then started like you said, save 20-30 here and there and ended up with a credit card with low limit. "

...mention what the loan was for, I can only make assumptions. If it is not for something urgent then patience here is key. If, in the example you gave, that a loan was needed to replace a tire then I would argue that you couldn't afford to own a car if you couldn't afford to maintain it. Again, in this "got to have it now" world, people don't think about how they spend their money and how it might affect their future choices.  
 
We all have two choices. Earn more or spend less. People need to start living within their means and understand that purchases may involve future maintenance.  
 
This is not directed at the OP. I have no knowledge of their situation.  
 
Marpet

well it is kinda urgent so don't have the time to save and all that stuff.

Enter "Canadian online personal loans" in the search bar. Lots of options pop up, it just depends on how soon you need it...

Asking friends/family?

If it's for a smaller amount, could you possibly sell some of your things? Kinda not very convenient or practical in the long run, but might work for instant cash. They say the average household has 300,000 items, maybe some you could do without for now? Not sure of your situation but trying to give a suggestion other than money mart/fast cash or saving up....

Go to the bank you deal with and see if you can get a loan!! There is always someone who will co-sign if your a creditable person id say! Just a thought.

im not sure what you need the loan for but unless its live or die you really shouldnt consider payday loans, they are legal loan sharks imo and you will pay dearly for that small loan and just dig yourself deeper, messing your credit up more, try the bank, sell stuff, family, even a credit card is better, or really evaluate if you can make it to pay day without something in order to get what you need, good luck

Borrowell. Do not get sucked into fairstone aka citi financial or easy financial. The rates are ridiculous!

Big Thank You to all of you for your advices!