What loan company to trust? There are so many of them! Who can you trust?

I have really-poor bad credit. I would like to borrow some money to invest in a prototype, but there are some companies promising to put money in your account over night without checking your credit. Are these companies are another way of scamming you to get your bank information? Is there really a loan company that would take a chance and put a certain amount in your account over night? If so,

what financial company that would loan you the money no matter how bad is your credit? A company that is known to be trusted? No scam! No high interest rates! A trusted loan company for investment?

What loan company to trust? There are so many of them! Who can you trust?

Most of the %26quot;overnight loan%26quot; places are actually payday loan companies. They aren't technically scammers, but they will charge you absurdly high interest rates.

Why not look into a line of credit instead? The company I'm most familiar with that can set you up with up to a $10,000 line of credit is http://www.mortgageous.com/noriskcredit

They specialize in working with people who have really bad credit, and they help you find the best rates possible for your credit score. You can draw on the line of credit all at once, or a little at a time, depending on the nature of your prototype investment.

What loan company to trust? There are so many of them! Who can you trust?

How much are you applying for?

What loan company to trust? There are so many of them! Who can you trust?

Tony,

With bad credit, you're going to have a tough time. There are slews and slews of con artists out there. Be careful. Basically, if it sounds too good to be true, it's not true.

If you are in the US, I would recommend that you talk with someone at your local Small Business Administration. The SBA has an excellent program for microloans, loans for companies that need minimal financing. And the best part is that they can sometimes bend the rules on credit and collateral.

This is honestly your best bet. Any private lender is going to take advantage of your situation. If it's not just getting your personal information, it's sneaking clauses into the contract that you were not aware of. It's increasing interest payments dramatically if you are one day late on a payment. It's requiring heavy collateral for the loan. Stay away from them. It's nice to think there are %26quot;nice companies%26quot; out there, but there aren't. Honest.