Can we talk about personal loans?

[Knicksgarbageforever]

so I have a lump sum of money coming in next year due to a structural settlement, but I kind of need, or more like want, the money now. I don’t really have good credit, well I don’t have bad either and currently unemployed after getting fired from my last job. The thing is though is that I can use the lump sum I receive next year as collateral for a loan if possible. Anybody on here been through this and know of banks that will accept my situation? I’m currently with Chase bank, but they don’t accept personal loans. Only auto and home loans

 

[Kamikaze Revy]

The hell is a "loan"?

 

[TheDarkCloud]

Don’t do it bruh.

If your credit is spotty, the interest rate won’t be worth it in the long run.

Why are you in such a rush?

 

[Gold]

Breh... this is probably the worst thing you can do.

And the fact that you have bad credit on top of it...

Do

Not

Do

This

 

[Knicksgarbageforever]

Don’t do it bruh.

If your credit is spotty, the interest rate won’t be worth it in the long run.

Why are you in such a rush?

Trying to get my life back together. I recently made a thread about dealing with my Ex, whom I decided to stop speaking to. I have personal income from a life settlement but won’t receive the lump sum until next year when I turn 24. I wanted the money now I guess but it’s looking like I’ll just have to be patient and wait

 

[big bun]

 

[BaldingSoHard]

Man, nah.

Don't succumb to that IG lifestyle. (Instant Gratification)

 

[videogamestashbox.com]

so I have a lump sum of money coming in next year due to a structural settlement, but I kind of need, or more like want, the money now. I don’t really have good credit, well I don’t have bad either and currently unemployed after getting fired from my last job. The thing is though is that I can use the lump sum I receive next year as collateral for a loan if possible. Anybody on here been through this and know of banks that will accept my situation? I’m currently with Chase bank, but they don’t accept personal loans. Only auto and home loans

What is a 'Financial Adviser'
A financial adviser (or advisor) is a professional who provides financial guidance to clients based on their needs and goals. Typically, they provide clients with financial products, services, planning or advice related to investing, retirement, insurance, mortgages, college savings, estate planning, taxes and more. Some other names for financial adviser include "investment advisor" and "registered representative." Financial advisers can also be insurance agents, accountants or attorneys.

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How to Find a Financial Adviser
Aside from asking friends and family for referrals, professional organizations like the Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA) can help an individual find an adviser. When choosing a financial adviser, it's important to ask if they have any FINRA licenses or official credentials. Certified Financial Planner® (CFP®), chartered financial analyst (CFA), chartered financial consultant (ChFC), and registered investment advisor (RIA) are good indicators of an adviser's qualifications.

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Financial Adviser vs. Advisor
While 'adviser' spelled with an 'e' is the official spelling as per the Investment Advisers Act of 1940, 'advisor' with an 'o' is acceptable to refer to someone who provides advice. However, when used in reference to the legal designation 'adviser' should be used.




- Financial Adviser

 

[Clay Puppington]

I took a loan out a while ago but I have good credit and I needed - emphasis on needed - the money.

More emphasis on needed.

 

[Turbulent]

maybe look into lines of credits or come up with a business plan and try to get a business loan.

by the way, i was just answering the question. for the record, i think this is a TERRIBLE idea.