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Q: Career Development Loans in the U.S. ( Answered 5 out of 5 stars,   0 Comments )
Subject: Career Development Loans in the U.S.
Category: Business and Money > Finance
Asked by: jekor-ga
List Price: $50.00
Posted: 11 Nov 2004 11:20 PST
Expires: 11 Dec 2004 11:20 PST
Question ID: 427642
I'm looking for close equivalents to the UK government's Career
Development Loan (CDL), but available in the United States. As I understand
it, a CDL is available for up to 8,000 to someone who is going to
take a training or home study program. It offers good interest rates,
an interest-free grace period starting from the date of the training,
and is available to someone with bad credit and no collateral.

The basic criteria for the loan I am looking for is:

1. Available in the U.S. to U.S. citizens/residents
2. Available to someone with bad or damaged credit
3. Available to someone who does not own a home
4. Available for between $5,000 and $10,000
5. Available nationwide
6. Does not require a written business plan (such as an SBA 7(a))

The closest I have found so far is Cash Call (, but
it is only available in a few states. The interest rates and terms are
not as important as the 6 criteria above.

Clarification of Question by jekor-ga on 12 Nov 2004 09:15 PST
I am looking for either 1 nationwide equivalent or some regional
equivalents. For example, Cash Call is available in California, New
Mexico, and Utah. If there were a company which handled the east coast
and one which handled the southern states, these would be just what
I'm looking for.

Request for Question Clarification by pafalafa-ga on 15 Nov 2004 11:55 PST
Hello jekor-ga,

Just to make sure I'm understanding you, could you have a look at this site:

They offer unsecured loans nationwide.  Is this the sort of service
you need?  If so, how many similar services would you want listed as a
reasonable number for an answer to your question?


Clarification of Question by jekor-ga on 15 Nov 2004 13:33 PST
American Unsecured comes close, but it requires the applicant to have
"very good to excellent credit". For some reason loan companies like
to hide from their website the criteria they use the qualify people
for loans, and they have to be called on the phone to get all the
details. I've found plenty of unsecured loan companies, but none that
match all of the 6 criteria.

I would love to get information for 3 lending resources, but would
gladly give a 5-star rating for just 1 which met all of the criteria.
Cash Call is so close, it is the model lending company I'm looking
for, but unfortunately it's only available in 3 states. I doubt that
Cash Call could be the only one of its kind, but I haven't yet found
anything like it on my own. (Even a reference to 1 company similar to
Cash Call would be a worthwhile answer.)

Request for Question Clarification by pafalafa-ga on 15 Nov 2004 19:42 PST

Thanks for the's a big help.

How's this site look to you...?

Personal Loan. Money when you need it most. 
Get the money you need, fast...Fast and hassle-free. 

Loan amounts of $1,500 to $10,000 with just your signature 
No collateral required 
Term 1-5 years 

Beneficial specializes in solutions for hard-working people - even if
you have less than perfect credit...


Is that the sort of service you're looking for...?


Clarification of Question by jekor-ga on 16 Nov 2004 11:11 PST
Beneficial seems to be much closer to the type of lender I'm looking
for. While not exactly matching criteria #2 ("less than perfect
credit" is hard to quantify and is not like Cash Call's claim that
they finance people with "bad or damaged credit"), they do at least
judge loans based on not only credit, but income as well (which is
what Cash Call does).

3 sources at the same level as Beneficial or better would be excellent.

Request for Question Clarification by pafalafa-ga on 16 Nov 2004 12:19 PST

I've found a number of sites that appear to meet most, if not all, of
your criteria.  But frankly, it's difficult to evaluate the extent of
their loan services without going through the actual loan process. 
Therefore, I am posting this information as a Clarification rather
than as an answer.

After you've had a look at some of these services, please let me know
what sort of additional information you need to make for a complete
answer to your question.

Best of luck with your activities,



The blurb certainly implies that loans of under $10K are
available without home ownership, and with imperfect credit.
Unsecured Personal Loans  

Quickly and easily qualify for 
a $15,000* personal loan 

* Disclaimer: Personal loans of $10,000 to $15,000 may require home ownership or a 
good credit score. Loans greater than $15,000 will be approved only
with good credit.


This is a broker (middleman) rather than an actual lender, but still
worth checking out:

Are you having problems getting approved for personal loans because of
past credit problems? NOT ANYMORE! specializes in assisting
customers with bad credit AND GOOD CREDIT get the unsecured personal
loans they need, quickly and hassle free!


[another broker]

...Bad Credit Personal Loans are available from $500 to $25,000 or larger 


[the links leading here advertised "less than perfect credit" though
the site itself is silent on that topic]

Don't own a home? Need to borrow less than $20,000?
An unsecured personal line of credit is the right option for you. 



Personal Loans and Debt Consolidation for People with Good or Bad Credit!


[links to this site emphasized loans with less than perfect credit]

At America One Funding, we understand that unexpected events
occasionally arise that can require extra money that may not be
readily available. Personal Unsecured Loans provide excellent relief
for any type of purpose including vacations, debt consolidation, home
improvements, tuition, car repair, and even to start a new business.


Again, let me know what additional information is needed.


Clarification of Question by jekor-ga on 23 Nov 2004 14:53 PST

I've now had a chance to call each of these companies. Beneficial
turned out to be an excellent match, but unfortunately not any of the

I'd really appreciate if you could try and find maybe 1 or 2 companies
just like beneficial. However, even if you can't, go ahead and
"answer" or close the question so that I can get you payment.

Thanks again.
Subject: Re: Career Development Loans in the U.S.
Answered By: pafalafa-ga on 23 Nov 2004 18:21 PST
Rated:5 out of 5 stars

Thanks for the feedback.  I'm glad to hear that Beneficial looks promising.  

I found a number of other broker-type operations, but since they
didnt' seem to be working for you, I haven't included them here.

But I did find two promising (and one other "promising-but...!") sites
that I think should meet your needs.

Here they are, with the best one first:
HFC specializes in solutions for hard-working people -- even if you
have less than perfect credit.


Another site that looked promising is:


and here's a somewhat cheesy-looking site, but I included it anyway
for the sake of completeness.
Only brings approval to even the individuals with
the worst credit. Even a credit history with bankruptcy, repossession,
judgments, or liens, you will still get the loan you need.

Beyond these few, there do not seem to be any other reputable online
loan sites for the type of loans you are seeking.  However, with the
leads you have here, I think you'll at least have a pretty fair shot
at getting what you need.

Before rating this answer, please let me know if there's anything else
you need.  Just post a Request for Clarification, and I'll be happy to
assist you further.


search strategy:  Google search on [ unsecured personal loan]
jekor-ga rated this answer:5 out of 5 stars
Excellent work. Great job requesting/accepting feedback and narrowing the search.

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