i am 17 and i would like to apply for some kind of loan but i am wondering if i can do it as most loans you have to be 18.
2007-09-28 11:53:33 · 6 answers · asked by kirsty c 1 in Business & Finance ➔ Credit
You can apply, but they can't approve it until you are 18. You must be 18 to enter into a binding legal contract.
2007-09-28 12:44:29 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
If you are thinking about getting a loan, then you should know about the basics before you get started. If you understand the basic dos and don’ts of loans, then you will be better equipped to find the best loan for your needs. Whatever type of loan you are applying for, you should follow these basic rules to help you find the best deal. When searching for a loan, it pays to do your research. Look for as many suitable lenders as you can, so that you can find the very best deal. There are many online pages thatyou can afford. Taking loans out over 10 years or more can be risky, and you cannot be sure what your financial situation will be at that time.
2007-09-28 20:42:45 · answer #2 · answered by Fast S 1 · 0⤊ 0⤋
I didn't get my first loan till i was 18, and they would only loan me 500$
2007-09-28 19:18:44 · answer #3 · answered by hollyberries 3 · 0⤊ 0⤋
loans are based on credit worthiness and ability to make payments. Get a job and save up for whatever you want to buy. Guess it couldn't hurt to try, just don't be surprised.
2007-09-28 19:32:28 · answer #4 · answered by Anonymous · 0⤊ 1⤋
no must be 18, sorry
2007-09-28 18:56:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You have to have an adult to co-sign for you.
2007-09-28 19:03:06 · answer #6 · answered by daljack -a girl 7 · 0⤊ 0⤋