Credit Cards Key » CreditCardsKey » Bank Credit Cards » Is this enough for a 10 - $15,000 loan? or should i be taking a different approach? ?

  #1 (permalink)
: The purpose of this loan is for property investments. I've been working on my credit since I was 18 because I've always planned to take out this loan. at 18 I acquired my first credit card and have yet to miss a payment for the past year I have been paying for my car every month without missing a payment this goes the same for my cell phone bill. My credit scores is in the low 700s. What do banks need, want, and like to see in order to give me or to loan me this amount of money? Any tips or advice will be very much appreciated

  Reply With Quote
  #2 (permalink)
: Suggestions:
- Make sure you pay the credit card in full each month. Do not carry balances!
- Make sure you have been employed for at least one year. With tax returns.
- Your income needs to be sufficient to support that loan.

It's going to be almost impossible for you to get this loan at 18.
  Reply With Quote
  #3 (permalink)
: You'll also have to have a significant amount of your own money to invest in the properties, and a good job history showing income enough to pay back the loans. They'll also need an appraisal of the property.
  Reply With Quote



Thread Tools

Similar Threads
Thread Thread Starter Forum Replies Last Post
Taking out a loan from myself? Anthony Bank Credit Cards 1 12-04-2013 04:05 AM
Taking out a personal loan at 18? JIMMY Best Credit Cards 5 11-26-2013 10:05 PM
Clarifications in these issues in taking a loan? Michael Bank Credit Cards 2 09-12-2013 10:05 PM
Taking out a loan to pay off debt? NerdGirl90 Bank Credit Cards 5 08-15-2013 01:05 AM
Taking out a 7,000 dollar loan? GabrielThreet Bank Credit Cards 1 06-20-2013 10:05 AM

Friendly Sites:

Copyright 2014, All Rights Reserved