How can I get a loan for school with bad credit?
Tracy – I hate to be the bearer of bad news, but this is not a good time to be in your situation. You may need to postpone this commendable goal of yours for a little while and use that time to improve your financial circumstances. If you’ve been paying any attention to the worldwide financial crisis, you probably know that the banks are at the center of the mess. I don’t want to minimize the complexity of a huge, multi-faceted financial disaster, but at the very heart of the crisis are banks that made risky loans to unqualified borrowers. Applicants were granted loans without the normal, conservative analysis of their apparent ability to repay. Predictability, a lot of the risky loans went bad, and the banks and their investors lost billions and billions of dollars. Right now, getting any kind of loan is extremely difficult, and getting risky loans is pretty much beyond any reasonable possibility. Unfortunately, you’re going to be looking for a very risky loan – a large dollar loan –
