Besides having bad credit, can a business legally deny a person a loan because of their employment status
2007-10-15 15:52:06 · 5 answers · asked by wellduhpeople 1 in Politics & Government ➔ Law & Ethics
I should add a little detail. Can a company say "no i wont loan you money because your in the armed forces"
2007-10-15 16:11:28 · update #1
Yes, if the company does not believe you make enough. Or if they just dont like you!!
2007-10-15 16:24:23 · answer #1 · answered by generalrop 2 · 1⤊ 0⤋
Yes.
Nobody HAS to give you a loan.
Loans are not rights, they are a risk being taken by the company extending the credit.
{edit} In response to your additional details.... Nobody has to give you a loan and they can cite whatever reason they want. It's their money.
You are not entitled to a loan regardless of who you work for.
2007-10-15 22:56:22 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Yes! You have to have the means to pay it back. You're not entitled to a loan.
2007-10-15 22:57:15 · answer #3 · answered by Flatpaw 7 · 0⤊ 0⤋
Yes.
2007-10-15 22:56:29 · answer #4 · answered by raichasays 7 · 0⤊ 0⤋
Yes.
2007-10-15 22:55:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋