The only income I have is 1500 social security and 150 small pension check. I know this will ruin my credit and I'll have a hard time finding a place to rent but I have no choice. I'm single, no dependents but have no assets and I'm 65. Please advise and thank you. Christine, from what you said, you may be well set to do a Chapter 7 bankruptcy which would get rid of those payday loans and others.
I would worry much less about your credit rating than getting yourself back on a better financial footing. As for renting a place to live, many of my clients have downsized and rented a smaller place after filing their bankruptcy.
Some places (usually larger complexes) turn them down, but they've always found a fine place to live.
Sorry for the long post. :) Hope someone someone can answer me. Thank you. Reply To: OFW Loan No Co Maker. Hi Maricar, here are three leading banks that offer multi-purpose personal loans to OFWs with no co-maker, no collateral, and low interest rates: Banco De Oro (BDO) Asenso Kabayan Program. The Personal Loan for OFW is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.
The following are the type of deposits allowed for this program: Peso or Dollar Savings Account Peso or Dollar Time Deposit at least co-terminous with the loan tenor The minimum deposit requirement is P15,000 or its dollar equivalent.
Though, the loan proceeds will be in Pesos. Applicant should be the OFW only.
Once you submit your information, you will be redirected to the lender's website where you can review the terms of the loan, including details about all the applicable rates and fees.
If you accept these terms, the lender will deposit money directly into your bank account as quickly as the next business day. Every inquiry received is handled with care and speed. Your Loan, Your Business. We recognize a personal loan is a private matter. Reasons for needing money range from critical automobile maintenance, unexpected medical expenses, much needed family vacation, basic home improvements, etc.