my credit core is in between good and fair. i have never missed or was late with my sredit cars payments. am i eligable for a 5000 dollars personal loan? please answer
2006-08-31 16:57:26 · 8 answers · asked by justina l 1 in Business & Finance ➔ Credit
I am college student, too. Where do you make 350 dollars per week. I need money for tuition and books. Please help.
2006-08-31 17:47:31 · answer #1 · answered by College Guy 4 · 0⤊ 0⤋
I'm not sure, but I have an impression that it won't be easy. Mostly because there is no collateral, like you car loan, they can take the car and sell. A consumer loan, if you don't pay, they're screwed. I believe the rates will be pretty much the same as credit card. So even if you can't get a loan this large, maybe if your credit is fair, you can get approved for this much credit on credit cards, even if you have to split the debt between 2 or 3 of them. If you pay them on time, it should be no different than a personal loan. ANd with luck you may even get some with no interest for a while.
2006-08-31 17:54:19 · answer #2 · answered by dahfna 3 · 0⤊ 0⤋
Your credit score should be better than most. However, before applying I would suggest you know for sure what your score is. It may also depend on what amount of that $350.00 per week, is already obligated to other creditors. Debt to ratio. You may by law obtain your credit report score from all major credit bureaus, once per year without a charge in most states.
2006-08-31 17:05:29 · answer #3 · answered by CCLuke 2 · 0⤊ 0⤋
it would depend what you are going to use the loan for. if you use it to pay off your cc debt and your monthly payments will be lower then go for it because a personal loan will be better for your credit report than revolving credit card debt. just dont get in over your head
2006-08-31 17:41:39 · answer #4 · answered by cali13 2 · 0⤊ 0⤋
I WOULD THINK YOU COULD GET THE LOAN.
I WOULD LOVE TO KNOW WHERE A COLLEGE STUDENT MAKES $350.00 A WEEK.
2006-08-31 17:05:05 · answer #5 · answered by Raevens'Honey 3 · 0⤊ 0⤋
maybe. u might want to try credit unions instead of banks, they are more lenient. also, you might want to check your credit reports to see how your credit is.
2006-08-31 17:02:04 · answer #6 · answered by Christy 3 · 0⤊ 0⤋
they will factor in rent, car payment, if you are free and clear. you shoud have no problem
2006-08-31 18:23:03 · answer #7 · answered by Hoa N 6 · 0⤊ 0⤋
i think that you should also factor in whether or not you are living on your own
2006-08-31 17:03:50 · answer #8 · answered by Crzy_dude 2 · 0⤊ 0⤋