2007-03-26 01:12:10 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
You can't! To get a personal loan you must have a strong credit rating AND the means to repay the loan.
Since a personal loan is unsecured debt, the lender is depending upon your promise to repay as their only collateral. If you are unemployed and have no means to repay the debt there's no way that any lender, even the lowest of the sub-prime lenders, will give you a personal loan.
2007-03-26 01:27:59 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
1
2016-09-28 10:23:11 · answer #2 · answered by ? 3 · 0⤊ 0⤋
The nature of a personal loan implies that you can prove to the lender that you will pay the debt back. If you are a homeowner you can get a refinance loan which is secured against your home. You don't pay - they take your house.
If you are unemployed and have no income, how can you prove to a lender that you will pay back the loan? Even payday loan lenders require that you make $1000/month or more.
We work with lenders of all types but there is no way to get around this one.
Anyone one who tells you that they can hand you $5000 or $10000 with no proof of income and unemployment sounds suspicious to me. Good luck.
2007-03-26 02:26:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋