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  #1  
Old 02-25-2003, 01:07 AM
GLC GLC is offline
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loan

Would it b hard for an 18 yr old college student to get a loan for about 2 grand? I don't have a job but I do have a checking account. What else would I need? Thank you!!
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Old 02-25-2003, 01:26 AM
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heygrassman heygrassman is offline
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What are you going to secure the loan with? No job, you would prob need a co-signer.
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Old 02-25-2003, 01:27 AM
nu83 nu83 is offline
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Probably, but it all depends on your (taxed) income the previous year and what your credit history is. You will most likely have to get a cosigner for an unsecured loan. Try the bank you have the checking account with first, but be prepared to apply at a few banks. All banks have different policy's and some banks just want to loan money more than others so they will take bigger risks. If you have a newer model car some banks will take it as collateral.
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Old 02-25-2003, 09:41 AM
Kent Lawns Kent Lawns is offline
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Loans are simple, answer these 3 questions:

What's your credit score?
This is a number between 400-900 that everyone has and you should know it.

What's your reported, verifiable income?

What's your collateral?
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Old 02-25-2003, 02:53 PM
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philk17088 philk17088 is online now
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This may be dicey if your not careful and diligent, but you probably can get this amount on a credit card. The interest rates will be almost criminal but you may be eligible. If you can structure yourself to pay it back asap, with out being late or missing a payment, this is the start of developing good credit.
Good Luck
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Old 02-26-2003, 09:31 PM
GraZZmaZter GraZZmaZter is offline
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My brother, now 20, got a loan last year ( when he was 19 ) for just around that amount. However, he has a good job.

Whenever Ive applied for credit, or a loan, it seems that more than once they have asked if i have a job, and how long. If memory serves me correctly, 2 years was the minimum for them to even consider doing business with me.
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Old 02-26-2003, 09:51 PM
Doburf@cs.com Doburf@cs.com is offline
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If you are trying for a personal loan it would be hard, but you can always check with your school to see if they have any loan arrangements with a financial institution in your area for its students.

If you are trying to secure a loan for your business... you can use your business plan to show how you will spend the money and how you will repay.
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