Posted in: zjnq.com Date: March 12th, 2010
I want to take out a loan not sure yet whether I'm going to need 5k or 6k but I'm just wondering how hard is it to get the loan being that I'm only 20 years old, college student and have no credit. My parents dont want to co-sign. I'm going to go to our small town local bank, also wondering how long it takes to get the cash? is there a waiting periord of do I get it right after I'm approved? I already figured out payments I just put it 16% interest rate to be on the safe side not sure what rate I'll actually get but I figured I'd go high so I know what to expect..Have you had a checking or savings account at this bank? If so, that will help speak on your behalf if you have not overdrawn it and have been responsible.
Have you had or do you have a part time job? How are you going to show the bank you can pay it back? Have a well thought out budget ready to show the loan officer. You want to show that you have thought it out - what you need the money for - how you will pay it back. Treat it like the most important business meeting you will ever have. This is a big step for you - recognize that and treat it accordingly.Hmm it shouldn't be hard but to up ur chances try to grow a beard and wear a suit :)#If you have any other info about this subject , Please add it free.# |
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