2006-08-14 13:08:07 · 8 answers · asked by A soldiers wife 4 in Business & Finance ➔ Credit
Yes you can. However, the other bank will run your credit which will show that loan and any outstanding debts that you have. This may not be a problem unless the new bank feels that your income will not cover the old debts and the new one. If your income is sufficient, there is a good chance you'll get the loan.
2006-08-14 13:13:28 · answer #1 · answered by sundown858 2 · 0⤊ 0⤋
Yes you can take a loan out from a different bank, but they must approve it 1st. You should check your credit score, before you apply for a loan, if it is not at least 600 try applying for a loan at a institution that lends to credit risks, but the interest rate will be higher.
2006-08-14 13:39:20 · answer #2 · answered by CreditCardMan 2 · 0⤊ 0⤋
i am sure it's possible; however, the bank that you are going try to get a loan from will probably check your credit history. if it shows that you owe money to the other bank (especially if you're delinquent or what not) they may use that in weighing their decision.
2006-08-14 13:16:24 · answer #3 · answered by charwants2know 4 · 0⤊ 0⤋
Yes provided your credit is good in the first bank
2006-08-14 13:14:25 · answer #4 · answered by njal47 2 · 0⤊ 0⤋
Depends what you are taking the loan out for. :-) If you are borrowing for a lower interest rate on the first loan you usually don't have a problem:-)
2006-08-14 13:13:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You can if they approve your credit. Think of all those credit card offers that say you can pay off other credit cards with it. Same thing.
2006-08-14 13:12:58 · answer #6 · answered by Mary W 1 · 0⤊ 0⤋
you can, but if there are too many marks against you on your credit report, you may run into some trouble.
2006-08-14 13:14:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes you can.
2006-08-14 13:13:11 · answer #8 · answered by woodtigerdp 3 · 0⤊ 0⤋