If I gave you ONE HUNDRED DOLLARS.....would you co-sign a personal loan for me?

Question

my email is [e-mail], write to me and ask for my number if your interested in helping me. Im financially in trouble...I'm a single parent of a 2 Yr. Old. My family all has bad credit so they can't help me, and I'm only 22 so i don't have established credit yet. Would you help. I would like to go through Capital One bank.

Answer 1

Odds are pretty good that no reputable institution is going to let a non-related party co-sign for you. And anyone that doesn't know you well enough to know if you're good for it isn't going to do it for any price.

Your best bet is to learn to live on cash. You can also get a secured credit card that is a legitimate card without outrageous fees and interest rates at some banks and other institutions.

They work like this - you make a deposit of cash, and they give you a credit line equal to your deposit. As you make regular payments, they start to increase your credit line, and after a while they also release your deposit/security.

It's the best honest way to start a credit history.

Also you can easily get a car loan IF you have a good sized down payment.

As others have suggested, credit is a very risk thing for someone who doesn't already have a good handle on cash management. If you're struggling now (and I understand personallly how hard being a single parent can be), then getting a credit card is only likely to make your situation a lot worse.

Trust me, learn to manage on cash for a few years first. Then you can think about it.

Answer 2

1

Answer 3

You're really going about this the wrong way. No one in their right mind is going to co-sign a loan for you. You asking for money here is asking for trouble. You may end up being more broke than you bargain for if you go through with this.

What you need to do is check your local resources in your town. I don't mean banks or credit unions because they will likely turn you down. What you can do is check out this site, they have advice for establishing credit. Try starting out with a secured credit card.

http://financialplan.about.com/cs/creditdebt/a/NoCredit.htm

Answer 4

Only if I suddenly go insane or your loan is no more than $100.

If you want to build a credit then get a debit card and use it, but never spend more than you have in the bank account. This will show that you can be responsible with money. Overtime you will hopefully build a good credit history.

Good luck.

Answer 5

Hmmmmm, and you sound like such a good credit risk.

Recommendation: Credit is not the answer. Credit should be something you only use to buy assets (something that will actively make you money). Cash is for buying liabilities (things that immediately lose value after purchase, continue to lose value with usage, and or require more money to maintain over time).

Answer 6

do no longer do it!! She isn't your spouse and money has a manner of adjusting a relationship huge time. you have given her suggestion and materials to apply, this is all you're able to do. do no longer exchange right into a source for her except you're waiting to take a financial loss. (i'm no longer asserting she would be in a place to screw you over even though that's a threat with absolutely everyone you co-sign for or very own loan money to).

Answer 7

no stranger will co sign.. since if you dont pay back the loan then the bank comes after them

take the $100 and put some food on the table..

also check with smaller banks they have programs to help

Answer 8

I am a mother of 3 and getting a loan can really be stressful if u don't pay on time.If u plan on getting a loan get a small loan and the try and get a bigger one take one step at a time. God Bless U.

Answer 9

My credit sucks. Skip the creditcard companies, if you have a couple of years at the same job, go to your bank and get a personal loan.

Answer 10

if the loan is under 100