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Sep 28, 2017 - 34 minute read

Looking into getting a personal loan

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Looking into getting a personal loan

Once that happens, lenders can quickly suck you dry, leaving you with overdraft fees or without enough money to pay your bills or rent. Sometimes, people find themselves taking out a second loan to pay off the first, and then a looking into getting a personal loan to pay off the second.

It quickly spirals out of control, said Mark Taylor, a worker in rural western Virginia who knows the dangers of online payday lenders better than many. Taylor, 50, is a field service technician for a company that makes rescue chambers for coal mines.

He took out an Internet loan in the summer of 2013, and quickly got up to his ears in debt. Taylor said he needed the loan to help cover a 3,000 down payment to buy the land on which his mother lives. Taylor didnt have the money and worried that his lack of credit would keep him from being approved for a traditional loan from looking into getting a personal loan bank. Taylor went online and borrowed 1,000 from a lender called Silver Cloud Financial, Inc.

It's a tribal lending entity owned and operated by the Habematolel Pomo of Upper Lake, a Native American tribe in rural northern California. Taylor said he only had to give Silver Cloud minimal information, including the name of his employer, how much he was paid, and his bank account number.

Looking into getting a personal loan

Los Angeles CA, 90022. (323) 832-0248, (323) 722-3486 (fax) Nix Neighborhood Lending - 31. 10005 S. Central Ave. Los Angeles CA, 90002. (323) 569-4929, (323) 569-6945 (fax) Nix Neighborhood Lending - 59.

5411 N. Figueroa St.

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