I'm a college student trying to buy a laptop. It costs 1700 and I've been trying to get a loan. But in the past I haven't had any good jobs, and used a credit card. Now I have bad credit but a good job. I can bring up my credit score over time thanks to the job I have but not soon enough to get the computer, my college professor is selling the computer and giving me about $3000 worth of software on it. I can't miss my chance to get the perfect stuff for school. So I need the money SOON. No banks will give me a loan and I can't get my hands on a good co-signer. Someone please help!
2007-12-30 05:43:44 · 2 answers · asked by ThaDon 1 in Business & Finance ➔ Personal Finance
Do you have some stuff you could sell? Otherwise, yes, see if you can set up a payment plan with your professor.
2007-12-30 06:07:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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RE $2000 Loan with bad credit college student?
I'm a college student trying to buy a laptop. It costs 1700 and I've been trying to get a loan. But in the past I haven't had any good jobs, and used a credit card. Now I ...mostrar más
2014-09-05 08:30:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
$1,700 for a used laptop is WAY over the top. You can buy a new one for less than half of that price. Also, don't be trapped by his "value" on the installed software. It's probably worth 10% - 20% of that in most cases. In many cases he doesn't have the legal ability to sell the software license to you in the first place so you'll need to check that out as well.
A professor selling something to a student is clearly a conflict of interest since he is in a position of authority over you and can mess with your grades depending upon your acceptance of his offer. Even if he's a totally honest individual, the mere appearance of impropriety is enough to put the kibosh on this deal.
Finally if your credit is in the crapper and you don't have the funds to buy one without credit then you need to hold off until you can afford it properly. The lenders who will lend to someone with crap credit will take advantage of you at every turn and you'll only wind up in a worse predicament than you are in right now.
2007-12-30 06:15:41 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you really have a good job, $2000 should not be very difficult to earn. A good job should be pulling in about $2800 a month I suppose at your age. Purhaps ask your employer for an advance.
2007-12-30 05:49:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Since you can clear your credit in time with the new job, why not ask if the professor will take payments? He could even hang onto the laptop until you have paid it in full.
2007-12-30 06:02:31 · answer #5 · answered by Patricia S 1 · 0⤊ 0⤋
Ask proff if they will settle with a small down pmt and then pay monthly with a set pmt and more if you get pd more(as if it is a loan)...
2007-12-30 05:53:55 · answer #6 · answered by ? 5 · 0⤊ 0⤋
Sure I'll give it to you.....what do you have for collateral?.
2007-12-30 07:21:48 · answer #7 · answered by john p 3 · 0⤊ 0⤋