just want a 7000- 10000 dollar loan and how many loans can you get
2006-10-28 10:58:48 · 17 answers · asked by Anonymous in Business & Finance ➔ Credit
You have to be 18 years or older before you are eligible to apply for a loan.
2006-10-28 10:59:45 · answer #1 · answered by Anonymous · 3⤊ 0⤋
18
2006-11-01 12:50:11 · answer #2 · answered by Anonymous · 1⤊ 0⤋
To enter into a legally binding contract - you must be 18 years old. The exception to this is if you are married - that automatically entitiles you to "adult-hood".
Typically a comaker is necessary when someone is starting to establish credit. The amount you seek is probably not going to happen in your name only.
The other part of your question - how many loans can you get? There is no max. But I would caution you to be very very careful. When money is a problem - a lot of things in life become problems as a result of that.
Best practice is - save for the articles you desire and pay cash.
2006-10-29 12:25:05 · answer #3 · answered by chey_one 3 · 1⤊ 0⤋
18
2006-10-28 18:03:35 · answer #4 · answered by ? 1 · 1⤊ 0⤋
well to get a loan you need collateral.....meaning something of equal or greater value to the loan amount that you sign over to the bank. if you don't pay, they take your item as payment.
next option is to get a signature loan...meaning you have such a high credit rating that your signature alone is good enough. maybe 11% of the population have such power.
if you are 18, brand new credit....be happy if you can even get a $1000 credit card max....MAX!! no bank any any human with a brain is gonna loan a person w/ brand new credit 10,000. they will if you have a co-signer but they must meet the requirements I mentioned above. and if you don't pay it with a co-signer, the co-signer now has to pay the loan.
2006-10-28 18:02:18 · answer #5 · answered by Anonymous · 1⤊ 0⤋
A loan is a legal contract which can only be signed by someone over 18.
2006-10-28 20:19:09 · answer #6 · answered by wickedly_funny66 5 · 1⤊ 0⤋
Where do you live? In my country you can get a loan if you are at least 18 years old.
2006-10-28 18:00:58 · answer #7 · answered by Steve W 1 · 1⤊ 0⤋
21 to get one on your own in the USA. You can get one at a younger age if you have someone over 21 with good credit to cosign, but then the loan is really theirs and not yours.
2006-10-28 18:01:43 · answer #8 · answered by Anonymous · 1⤊ 0⤋
you could be 30, 40, or 50 but still can't get any loan unless you have a good credit history... banks give out loans to people with good credit history...
2006-10-28 18:02:15 · answer #9 · answered by ILuvMe 4 · 1⤊ 0⤋
18 technically, but often younger - especially if someone will go guarantor. There is no limit to the number of loans you can have, as long as you can pay them back and the bank will give them to you.Good luck.
2006-10-28 18:11:56 · answer #10 · answered by Anonymous · 1⤊ 0⤋