Gary Foreman: Broke? Bad credit? Recent bankruptcy? Say humbug to lousy ...

My guess is that you're not the only family that will struggle with the holidays. There were 1.55 million bankruptcies in 2010 , so you're not alone.

As you already know, a bankruptcy hurts your credit score, making it more difficult to get credit cards or borrow money. Chances are that your credit score may have fallen by 200 points.

So what's an aspiring Santa to do? How can you survive the holidays without cash or the ability to borrow money?

Let's take a two-stage approach. First, we'll look at what can be done to improve your access to money. Next, we'll see if we can't help you survive the holidays on very little cash.

Begin with your credit score. You've taken a legitimate hit, but your file may also contain some errors. Studies vary, but some have found that as many as one in four credit reports include mistakes big enough to affect your ability to get credit.

You can dispute and correct any credit report errors you find . Unfortunately, with only weeks until the holidays, any corrections will be too late to help this year.You can pull your credit reports for free once a year from each of the three credit bureaus at AnnualCreditReport.com .

One method that's often used to begin rebuilding credit after a bankruptcy is to get a secured credit card . That requires you to put up cash to "secure" the card. Clearly that, too, won't help in your situation.

Another possibility is to apply for a store credit card, especially with one of the larger chains that carry a large variety of goods, such as Target or Walmart. Typically, store cards have lower credit score requirements than bank cards. This is probably your best hope.

Assuming that you do get a store credit card, don't make the card's credit limit your budget for the holidays. Spend only what you have to. Just because you can spend money doesn't mean that you should. If you're struggling with your bills now, adding one for holiday spending won't make January any easier.

No Collateral Personal Loans With No Credit Check - Apply Today ...

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No collateral personal loans are always better solutions for people who do not want to risk any of their property. I know that many people would not like the idea of placing an asset as a security and then getting the loan. But the truth is that you will always be qualified for better loan offers if you take extra risks.

The secured loans will have better interest rates than the unsecured personal loans. This is because the lender is given more security against defaulting on the loan. Credit requirements and the income verification are the two major factors in the loan approval process. Lenders would want to see a long employment history so as to approve the loan application.

No credit check personal loans are not difficult to obtain. Most people find it very hard to get these loans because they do not search at the right places. You can get these loans if you ask lenders who are ready to take high risks and give loans without a credit check. You may also use a cosigner to get approved. A credit worthy cosigner will be more than enough to fetch you a unsecured loan. Since you are going to provide no collateral, the income verification is going to play the most important role while getting approval.

Apart from the major banks, the credit unions and the private money loans are other options available to you. Private lenders will charge very high interest rates but it is much easier to get the no collateral loans without credit check from the private lenders.

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