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socalster

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socalster   in reply to Melisa   on

I need financial help!

I don't want to post the obvious, but I also know that in times of crisis our minds do not work clearly. Have you checked into getting any sort of food, money, rent, or medical aid from the government? This would be a good place to start. Since you have a child the chances of you receiving something quickly could be increased. It still takes some time though, especially if you're looking for housing. The best advice that I can give you is to avoid acting out of desperation. This can lead to some pretty bad decisions. Take a breathe, gather up your options, and then don't stop until you find something that works. I hope this helps some...

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socalster  

Need rational advice on a financial situation

My partner is currently in a labor lawsuit and is due a substantial amount of money.  The case is very strong (the lawyer took her on contingency), but the trial isn't scheduled until early next year.  It has gone on for over a year already because of a backed up court system, and we have run out of our savings.  I run my own kids gymnastics program and also coach at a local gym facility.  I would like to take out a $10,000 loan to pay off a debt and keep the rest as a cusion for slow business months.  The problem is that I have absolutely ZERO credit history and I am finding it difficult and very confusing to try and sort through what my options are.  Up to this point I have been unable to find a co-signer. 

I suppose you could say I'm looking for an angel investor.  I understand that risk is involved, so I'd be willing to pay higher interest on the loan, and even put my car up for collateral if necessary.  I would like to make it a win/win situation--I'd get the money I need, and you'd get a good return on your investment.

I'd also like general feedback about different options that I might have because like I said before, it is all very confusing to me, and I don't want to be scammed.

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socalster  

Thoughts Create

I believe that knowledge is power.  In everything that I do--In everything that I say--I constantly strive to bring knowledge to others. 
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