Can an 18 year old get a loan?
Answer:
To start establishing your credit all you might need is $250.
I know Bank of America offers a secured credit card. You need to contact the bank, open a savings account with only $250. They will freeze that account and give you a credit card with a $250 limit.
Use it a little here and there, pay your bills on time. Pay more than a min payment amount. Show the bank a good track and it will start you off on your way to a good credit history.
After one year you can ask Bank of America to unsecure your card and return $250 back to you. At this point they will raise your credit limit also (if you show a good track record).
In the mean time you if you find a co-signor, you should have no problem getting a loan. But do consider starting off by getting at least one credit card to start your credit going.
yes you could, but prolly just at those payday loan places who charge an astronomical amount of interest.
you can get a loan with a co signer. Or you can open a credit card and use it, but be sure to pay it off every month, This will build credit quick and maybe get you a small loan.
Sure. All you have to do is establish credit. Start a savings account, make deposits until you have $500 in the account. Now apply for $200 worth of credit, giving your $500 savings as collateral. Pay it off early. Now you have credit established.
Depends on if the company your trying to get a loan from is willing to take a risk approving your loan application!
Is it necessary to get a loan at this age. why have unnessary suffering. learn to enjoy life and without a loan u can be a happy person
yes most towns have starter loans that loan $100.00 then you pay that and go up in amounts until you have establish credit
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