2007-04-11 09:39:53 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Wait before you join the Loan game.
Turn 18 first.
2007-04-11 09:46:28 · answer #1 · answered by elliebear 7 · 0⤊ 0⤋
As a personal financial counselor, I see nearly 600 people each year to help them improve their financial condition.
I see a common thread among the people who are doing very poorly financially - they started signing up for debt when young and have never stopped doing so.
The average interest rate on a payday loan is over 300% APY. It is a rip-off and will destroy you financially.
I cannot fathom an instance where I would recommend a payday loan.
2007-04-11 09:57:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You need to be 18 years old to legally qualify for a payday loan.
Here's a website that explains the requirements for payday loans and also has suggestions for other sources of finance.
I hope this helps. Good luck!
2007-04-12 11:16:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Looks at though family is your only alternative.
You may not legally enter into any type of contract or loans until you are of legal age.
Time to talk to mom and dad, grandma and grandpa or someone else close.
2007-04-11 09:51:56 · answer #4 · answered by lovin_2beme 4 · 0⤊ 0⤋
You cannot get a loan unless there is a cosigner. You haven't reached legal age yet.
2007-04-11 09:43:32 · answer #5 · answered by mitch9262002 3 · 0⤊ 0⤋