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Nov 26, 01
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don't reply unless you KNOW the answer!
just curious if you can get a loan [small one] from the bank, even though you're young, don't have a credit card, but are living on your own, etc., for a much needed purpose!? if you honestly know...reply...thx.
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Nov 26, 01
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You need proof of stable income or else you will need someone to guarantee (co-signer) the loan in case you default.
Otherwise it is going to be hard to convince someone to lend you the money. Unless it's a loan shark. The lender normally does not care what you need the money for as long as you can pay them back.
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Nov 26, 01
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If you have no proof of income there is no way a bank will lend you the money. The credit checks they will run will trip a bunch of flags and your application will be denied.
What is a loan shark? Someone who lends you money at heavy intrest levels (10-50% per day/week) and who if you do not pay back will come back to take your possessions or more likely break some bones. Stay away from these people. I know some people that got caught up with this due to gambling and they are now on the run from the lender.
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Nov 27, 01
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say you talk to a bank loans manager.. he/she will ask you wut you make annualy.. then depending on the bank .. will ask you what the loan is for.. then ask you what bill you have.. then look at wut ever you have left over after your other obligations and see what is left of your gross income to pay for the loan.. if you are buying a car for instance depending on the size of loan the bank will most likely pay for only a percentage of the total price.. depededning on income.. if at say the end of the year after bills and living expenses you only have 5,000 dollars.. the bank will only loan you 10% of that towards your car.. (once again depending on your bank) .. your best bet is to get a credit card. and only buy like 50-100 bux of stuff on it a month.. stuff like food and clothes.. (word of advise from someone who is 1500 in debt thx to mastercard.. don't buy anything unless you have the cash to pay for the full amount the next day at the bank) keep buying and paying the next day for a year or till they start sending you applications for gold or platinum cards and save some cash in the mean time.. so that the next time you apply for a bank loan you have savings and good credit which will make the bank not mind giving you a loan..
or you have to own something substancial.. like a car, house, apt, boat, anything over the price of the loan so that you have collateral.. good luck!
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Nov 27, 01
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Obviously this person needs to be employed and have some verified income.
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Nov 27, 01
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Nov 27, 01
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Nov 27, 01
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My parent's said if I could get a loan...they'd pay it off Then when I had a job...then I'd pay them back! But sitting here bashing me makes me feel oh so much fuking better! Thx asses!:040:
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Nov 27, 01
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Who said that I was bashing you?:047:
I guess verbal inflections can't be broadcast over text.
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Nov 28, 01
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alrighty, first of, DO NOT GO TO A SHARK! the payback is unbelievable and (god forbid) should you not be able to meet the repay criteria, BAD things happen. (i know from exp)
there is a chance to get this loan IF you act fast (assuming you had a job?) your recent pay stubs should be enough to qualify, as long as they don't find out about your unemployment status... but here are a few options: 1) bank (if above is applicable) 2) loan companies- high intrest, but all they really need is collateral (ie; tv, vcr, computer etc...) 3) parents! dammit, if it's for a good cause, it's a safe bet (and they won't break your arm if you don't pay back on time) i suggest #2. altho i hate them with a passion, i've had 3 loans so far and paid them all off. oh, i bought my new 2002 mazda protege5 without a job and got a $3000 loan at the same time, so what you're asking for IS possible...:)
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Nov 28, 01
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Thanks! Thinking I'll be going to my Dad actually.
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Nov 30, 01
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Hey jess.
OK..you want a loan? well unless you have a co-signer..you most likaly won't get it. It was hard enough for me to get my loan for my car.. I had to have a letter from my boss at work stating how much i made and how long i really have worked for them. Also..the minumun amount for a loan is at least $3000 it used to be 2, but its 3 now. You have to making at least more then $10 an hour to even be considered getting a loan on your own. Thats basically what ive learnted with getting my loan. and now that i have a loan..i cant get a credit card. bastards!!!!:210: :143:
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Dec 17, 01
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or do what i do.....call my daddy.
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Dec 17, 01
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what do you need the money for anyways????
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Dec 17, 01
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Its all dependant on the bank and who you know..
Im 19 and I have a $12,000.00 loan that I got when i was 18. The reason I got it when I was 18 is because my dad co-signed and he knew the bank manager. how old are you? If you have a stong co-applicant then It shouldnt be a problem. If I was you I would go to Royal Bank they are usually good with that kind of stuff, I even got a visa. Just go in there with maybe your mom or your dad (someone with good credit longer than 6 months) and you should be able to get it. do you have anything that you could use as collateral? By that I mean a car? Visa? anything that you own that you could use I guess as a back up incase you dont pay of the loan?? Well I hope this helps you out -Monica :D:
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Dec 20, 01
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student loan
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