I am hoping for a loan for $15k-30k, I am 18 and have only had a credit card for a few months my credit score is... i believe 724. I will be using the money for a sort of business venture, but I do not own an official business. Is this possible?
2006-10-30 09:07:50 · 7 answers · asked by jeffy373 1 in Business & Finance ➔ Credit
And no, this is not a normal business, and I will be paying it all back (plus the interest of course) in one payment 30 days from when I get it.
2006-10-30 09:20:14 · update #1
Basically it is just buying a lot of a certain product that will be in short supply and high demand this holiday season, and selling them on ebay.
2006-10-30 09:22:30 · update #2
It's possible, but you'll probably need a co-signer. This is someone who promises to make the payment if you can't do it. You'll probably get a higher interest rate than someone else would, too.
You're pretty young for a loan of this amount. Do you have a business plan written down? If this is a regular business, any bank or lendor will want to see that. Go search for "Business Plan" to see the details.
And what does "a sort of a business venture" mean? Is it something a little shady, or do you plan to try to run the money up in a card game? Any loan officer will want lots of details. Any co-signer with more than 2 working brain cells will, too.
2006-10-30 09:17:19 · answer #1 · answered by Ralfcoder 7 · 1⤊ 0⤋
I don't know, but I have less than perfect credit and have been searching for a similar amount of a loan. I can't find anyone willing to loan it to me even though my credit report clearly states that all the loans I have ever taken out have been paid off early.
If you find someone willing to loan you the money, let me know who it is.
2006-10-30 09:16:25 · answer #2 · answered by holdemfoldem911 3 · 0⤊ 0⤋
It sounds to me like you want to buy the latest "Must Have" toy and resell it on E-Bay. I recommend against borrowing money for this purpose. The stores will be flooded with this item in January.\
BTW, If you put 4 or 5 hundred of anything on E-Bay, you will drive down the price.
2006-10-30 11:55:56 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
This is Mr chris peter,the loan lender who answered you question on yahoo answer.If you have contacted me before regarding the loan you need via chris_per_lenders@yahoo.com,sorry to say that you are suppose to contact e via chris_pers_lender@yahoo.com as i am having temporary problem with the first email address.Contact me today via chris_pers_lender@yahoo.com
2006-10-31 22:51:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Do you have a bad credit?Are you financialy down.I give out loans at low interest rate of 3%.I give out loan to Business Men and women who are into Business transaction, I give out long term loan for three to five years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are realing interested in getting a loan from me, Loan is given out in Pounds and $US the maximum I give is 5,000,000 both in pounds and $US and the minimum 5,000 pounds and US$ so if really you are interested mail for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem and for your information if you should more loan like $10,000,000m I can give only if you are one of these cartigories:
Manager of a company
A private Holder
A broker in banks
A director in any office or company
A high investor of and compay
If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon.
NAME:.....................................
AGE:........................................
SEX:........................................
ADDRESS:...............................
EMAIL:....................................
PHONE:...................................
OCCUPATION:.........................
COMPANY:..............................
COUNTRY:...............................
send these info it is important. Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now at chris_per_lenders@yahoo.com
2006-10-31 02:54:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
if your cedit score is that high you can get a loan but it will be based on how juch you earn.
2006-10-30 09:53:32 · answer #6 · answered by zenasrager 3 · 0⤊ 0⤋
Try the bank who you bank with.
2006-10-30 10:01:50 · answer #7 · answered by Anonymous · 0⤊ 0⤋