At this point in my life I am a young professional in the up and down business of Theater. I have managed up until this point to accumulate no debt, until the purchase of my car 6 months ago, but I also have little to no credit history as a result. I was always told when I was in college that having a credit card would only put me in a serious financial hole, so I never got one. Being in theater means I have work seasonally and have a new employer ever 4-9 months, even if I return to the same location two years in a row I had to work elsewhere in between. It also means I move on a regular basis, and theater is not a really well paying job but I love what I do. Now because of a new job I need to move to Massachusetts and I have no real savings to be able to pay the 2000-3000 dollars for First/last and security deposit on a new apartment. I have never been late on any bills in my life but now I have no money to make this very important move, and no one around me who can help me out. I want to get a personal loan but I’m afraid with the way my lifestyle and work history is and my current lack of a strong financial history no bank will lend me money.
Is there any hope of me getting a personal loan? Will talking to a representative make me look less invisible or less of a danger in the financial world? Are there other alternatives? I don’t have a credit card to take out a cash advance on.
I’m not trying to fix a huge financial debt I’m just looking to not be homeless.
Yours is a classic reason why building good credit can be very beneficial. I’ve written a guide to help people build credit and the process works.
The only real hope for a loan as you describe seems to be from LendingClub.com. LendingClub.com is a peer to peer lending network where consumers lend to consumers and cut the baks out of the loop. The requirements for getting a loan are a little relaxed but you’ll still need decent credit.
It is well worth exploring, especially in your situation which is a little out of the norm and would probably result in an automatic rejection from a Main Street bank..
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.Big Hug!
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