I have Bank of America, and I want to get a $7000 loan to buy a car.
This is to pay the cash up front to the person I am buying it from. I currently have a credit score of 820, is it possible for the bank to loan you cash?
2007-09-01 09:10:22 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Yes, as long as your credit limit is not exceeded. Just use one of those checks they send with your Bank of America statement, make it out for $7,000, and deposit it into your account.
2007-09-01 09:17:14 · answer #1 · answered by Suzy 5 · 0⤊ 0⤋
With a credit score of 820, you should be able to get the loan. Check with a couple banks to see who will give you the best deal. Tell then it's for a car purchase. They'll probably make the check out to the seller.
2007-09-01 19:00:05 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You are able to instanly get a cash payday loan as much as $1000 employing this site: http://loans.servermatrix.org I managed to get the payday loan despite the fact that I had extremely awful credit score.
2014-07-17 09:13:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It is possible, but inadvisable!
Money borrowed from the bank as a "cash loan" usually costs several percentage points MORE than money borrowed as an "auto loan" secured against the car you are buying.
Why would you want to pay more than you need to?
2007-09-01 16:22:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋