2007-02-20 10:53:21 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
Most people or businesses loan money with the hopes of repayment
if you borrow money to live off of, this is not very likely to happen.
However, if you own a home and you have enough equity in that home, you can get a home equity loan and use the money for ANYTHING your heart desires.
2007-02-20 11:04:29 · answer #1 · answered by kissmymiddlefinger 5 · 0⤊ 0⤋
Unless your credit is good enough to get a signature loan from you bank, you will need some kind of collateral to back up your loan. Even then, if you tell the bank you need a loan to meet your monthly expenses, you will probably not get it, since you are just adding to your expenses. There are companies that will loan you money against your clear car title, but you pay very high interest, and they will not hesitate to reposses you car if you miss a payment.
2007-02-20 18:58:29 · answer #2 · answered by Brian G 6 · 0⤊ 0⤋