2006-10-25 00:45:44 · 5 answers · asked by djmsr26 2 in Business & Finance ➔ Personal Finance
You can walk in the door with no history with the Institution and ask for a loan. You will get it if your credit history checks out and you have equity to secure the loan.
2006-10-25 00:51:57 · answer #1 · answered by DrB 7 · 0⤊ 0⤋
There is no time limit. If you have an established credit history you can generally obtain credit at almost any financial institution without any other relationship. If you have limited credit, it may be more difficult to obtain credit, but start at institution where you have your deposit relationship. Community banks and credit unions are often more willing to loan to depositors with short credit histories.
Good luck.
2006-10-25 07:55:32 · answer #2 · answered by Adios 5 · 1⤊ 0⤋
It really all depends on your past credit history.2 yars ago,I opened an account at a bank in which i had never had dealings with before and while i was doing my paperwork for the account,they asked me if if there was anything else they could do for me at that time.I replied in a joking way that i could really use a loan for a new car car and they said lets do some paper work for that and see what we can do for you.They actually approved a new car loan on the same day as opening the account for$31,500 plus interest @ 5.9%
2006-10-25 07:55:34 · answer #3 · answered by jlthomas75844 5 · 1⤊ 0⤋
you can go in to a financial institution looking for a loan and then if you are pre approved you can officially sign up with them- you are smart to shop around for loans- also check out websites where lenders compete like lendingtree.com
2006-10-25 09:20:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the have strict underwriting guidelines and decisions are not arbitrary, it is based on your credit history and your ability to repay the loan
2006-10-25 07:54:23 · answer #5 · answered by Anonymous · 0⤊ 1⤋