2007-04-10 15:49:56 · 19 answers · asked by Lucy 1 in Business & Finance ➔ Personal Finance
With no credit built, it's going to be a huge interest rate. If its for school, they could cut you a break.
I got a feeling many banks will stay away from you though.
2007-04-10 15:53:12 · answer #1 · answered by John Player 2 · 0⤊ 0⤋
Other than a student loan, you may need some collateral or a co-signer, and you also need a source of income (job) so that you can repay the loan, but your age shouldn't matter.
2007-04-10 22:54:53 · answer #2 · answered by Nanneke 4 · 0⤊ 0⤋
I am a financial counselor and I see people every single day who went out a got a bunch of debt through loans when they were young. They are usually flat broke, owe everybody, and have nothing saved to fund their dreams.
I would save up money and pay cash for the purchase.
2007-04-11 09:25:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
This question's answer changes from country to country. If you are in US sure can. But if you are in Turkey, impossible. you must have stable income for get a legal loan. different countries have lots of rubbish rules. I think forget to get a loan, find a way how ı can earn money.
2007-04-10 23:17:25 · answer #4 · answered by ebd 1 · 0⤊ 0⤋
Student loans - most likely.
Other loan - unless you have established credit, you will most likely need a co-signer.
2007-04-10 22:53:16 · answer #5 · answered by Penny 5 · 0⤊ 0⤋
In the USA you can legally enter into a contract. If someone is willing to give you a loan, sure.
2007-04-10 22:55:01 · answer #6 · answered by csucdartgirl 7 · 1⤊ 0⤋
I got one at 18, but I was also in the military. It's possible, but more than likely you will need a co-signer until you build up some credit.
2007-04-10 22:52:40 · answer #7 · answered by bamafleck 2 · 1⤊ 0⤋
yeah a student loan
2007-04-10 22:52:07 · answer #8 · answered by Gerardo 2 · 0⤊ 0⤋
What kind of loan?
2007-04-10 22:53:13 · answer #9 · answered by JmanF 1 · 0⤊ 0⤋
Not really. It has nothing to do with age... your credit score probably doesn't exist. You may need a co-signer.
2007-04-10 22:52:42 · answer #10 · answered by Josh 2 · 0⤊ 0⤋