2007-05-08 14:06:36 · 3 answers · asked by Chris M 1 in Business & Finance ➔ Credit
In most states a contract cannot be enforced against a minor so you will find it very difficult to get a lender to give a 17 year old a loan.
2007-05-08 14:44:53 · answer #1 · answered by GUS 4 · 0⤊ 0⤋
I can't answer this for W. Virginia, but you can in Texas as long as the co-signer is of legal age and in the same household. Otherwise, it is what is known as a straw purchase. Contact your bank or lending institution to find out more details.
2007-05-09 04:34:59 · answer #2 · answered by shayne t 2 · 0⤊ 0⤋
I highly doubt it. A 17 year old probably has zero credit history or colladeral. They would probably tell you to borrow the money from a relative. Besides, you can't hold a minor to a contract, and there's no way they are going to take that chance.
2007-05-08 21:11:05 · answer #3 · answered by shadowboxer78 2 · 0⤊ 0⤋