Payday Loans - A Good Option?

[Buskissiday]

I am new to the forum. I need advice. I recently filed for bankruptcy and my credit is ruined. I need to get a loan, but I was denied at 3 banks. Are payday loans my only option? If there some people who can help me, please let me know.

[Trish]

Unfortunately.....it will be very difficult for you to get any loan with a recent BK.
Payday loans might be an option.....but those types of loans have extremely high interest rates......and unless you have all of the money to pay it off on your next payday........you are working yourself into a hole. I just don't advise them.

There are some credit cards that are BK friendly. You just have to do your research. Another thing is maybe getting a secured loan......if you have some sort of collateral you can use.

Either way, there is hope.....you can start building your credit with secured cards or BK friendly cards and just let the BK age. If there are any other items on your CR reporting negatively that can be challenged, dispute them.

I hope that helps some.