How to take out a loan without credit?
I'm 20 years old & don't have any credit cards, have almost no money in savings, & am not a student. I drive a motorcycle as a daily driver, but the one I have now isn't reliable. It's made me late for work three times since it got cold & has already cost me almost half its own worth in repairs, in only three months. I've decided to take the plunge & get a nicer bike. I have a good friend who wants to buy my bike, & I would need about $1500 on top of that to get a motorcycle reliable enough to be worth buying. Is there any way for me to do this? And do loans work the same way as credit cards, where you only have to pay interest if you're late on a payment? I'm working just short of full time (35-39hrs/week) & make $8.50 an hour as a shift supervisor, but I've only been working here for three months & don't have much steady work experience to help my case. On the other hand, I'm living at home for free (until I enroll in school next fall..I'm not a bum) & could easily pay off the loan in 6 months at the most. I would prefer to save up & pay off the bike outright with my own money, but the cold weather is what brings out the major flaws of my current vehicle & it would be spring at best before I could save up that much money. I know I need to talk with my bank or a credit union, but I'd like to get an idea of what to expect from people who aren't just trying to make money off of me.
AER loan due to lost job?
better bet go move into base housing wont need a fridge in your situation they would move you right in you dont need a loan tighten belts get rid of the cable tv and internet
Can't pay rent, new job doesn't start till next month? Advice please?
So, I'm 18 years old and I live alone. I haven't paid rent last month or this month either, it took me awhile to find a job. I've landed a good paying job, but it doesn't start until next month around the 10th. Rent is due 1st of course and its $520.00 without the fee of $35.00 late charges. I don't know what to do, I've already gotten the first couple of notices for eviction. I don't have any close friends near by and besides that they are in highschool living with their parents still, they can't help me. My entire family is dirt poor too, they are barely making ends meat themselves. I moved out early for my own reasons, I had to get out. I did have a job, but got laid off back in January. Like I said though, I've got one but hasn't started. I'm two months behind and the landlord isn't taking that too well. I don't know how I can catch up, even when I do start getting paid. Btw pay is every two weeks so I may as well be three months behind. I'm really desperate here, lol.. I have about 200 dollars left in my name and that's after taking out a small loan so I can get by with food money. I don't have any proof of employment yet, no paystubs or anything so I don't know if any organization or church could help me. Can anyone give me some advice? I don't want to wind up on the streets. I am starting college in the fall too, that is if I can? I've graduated and obviously will need student loans and applying for grants.
I'm about to take out a $33,000 student loan. I'm nervous. Am I going to hate myself for this later?
I'm taking out $33,000 in student loans this year so that I can attend the University of Kansas. I am a resident of the state of Oklahoma. I have done much research and have debated over the three schools, OU, TU, and KU, for the longest time now and without a doubt know wholeheartedly that KU is where I need to be next year.. I am a biology major with very strong intentions to attend medical school. I'm a very driven student and more than anything I want to do my undergraduate work at KU.. But at what point should the amount of out-of-state tuition and extreme debt outweigh the desire to pursue what I truly want? I am a senior in high school. I just turned 19. I'm young and obviously have no experience with such life choices. I am beginning to wonder if I am perhaps being to eager to pursue something that I may regret later in life.. What will KU mean to me ten years from now when I am out of school and as I spend every month busting my *** to finance and pay back my loan? What will I think? Will I tell myself it was worth it? Or will I wish I would have saved money by going to OU? I understand none of you have the power to tell the future, I'm just so distraught. I do not qualify for any kind of financial aid what-so-ever. My parents make far too much money, yet I am their 3rd child to be attending college next year and 1 of 6 children.. Understandably, they do not want to pay for out-of-state tuition. Also..Why the heck is out-of-state tuition so much money? Seriously..It's insanity. I'm afraid if I do not go to KU I am going to hate myself for not taking the chance but at the same time I am nervous about being in so much freaking debt. Any advice or personal experiences would be would be greatly appreciated. I really appreciate you for reading. Thank you for your time.
What if I don’t pay the EMI of a personal loan?
Alot of people fail to pay EMI’s due to multiple circumstances which are beyond our control. Inability to repay a loan can hamper the relationship between the borrower & lender.Below are the following scenarios which can occur -Your credit score can degradeSecondly, if property was used as collateral, it can be auctioned by the lenderAll borrowers are provided with the opportunity and have the right to approach the bank if there is any difficulty in repaying the personal loan EMI installments and to choose an option to restructure their debt to enable a smooth repayment process.There are situations like death, ill-health or accidents that can unintentionally break the repayment schedule. In such cases, banks will give justifiable holidays to the customer or his family.You can consider the following options if you are unable to repay your loans -Deferring payments- You can take a holiday from paying EMIs. lenders will consider a couple of months . But your interest rate might be increasedReducing EMIs - You can approach the lender to reduce your EMI amount. You can increase the EMI amount once you are back on track with your expensesRestructuring the Loan - You can reduce the charges, interest rates of your loan to lengthen the loan period for a little relaxationYou can always check your EMIs using personal loan EMI calculator for planning better.Hope this helps
Can I quit my job after being approved for a house loan?
Yeah why not. I have taken loan when I was on notice period and once it was approved I joined another company. Bank only look for your stable earnings and for reference they have clause like you have to be in current company from last 6 months or must have regular earning from lat 3 years. Even if you joined a new company and not completed 6 months in that company but you can provide last 3 salary slips, last 3 years Form 16 and ITR, bank will happily give you loan of any kind.
Just got a new job. Can I get a new car?
Since you are a starter, my advice would be as follows:While the new car will look gorgeous and impressive, as soon as you drive it out of the dealership, it will lose at least 10% of the value. No kidding here.The dealer will accept your letter but whether your loan/lease is approved depends upon your credit rating or history. The dealer is going to pull it from all three (TransUnion, Equifax, Experian) and the finance company will decide whether you qualify or not.The loan rate will depend upon your credit score. You may be accepted at low rate, high rate or rejected.Leasing for you is a bad idea. Leasing works out very expensive in the end and after 3 or 4 years you have paid up nearly 75% of the car and it is offered to you at the buy back value of at least 50%. Plus you have to maintain it immaculately and the leasing company decides what is “fair wear and tear”.You will soon have many responsibilities. I am assuming that you have no education loan to pay back. But you will have to consider at least the rent or home loan repayment, daily expenses, gf/bf expenses, etc. I don’t know where you live in USA, but I know that one bedroom apartment rents vary from US$800 (mid-west) to US$2500 (California).You definitely need a car. But I would suggest buying a six to ten year old car in good condition at this moment not exceeding US$ 10,000. Buy a car that has good resale value. After 3 or 4 years, you will have good savings, excellent credit score (as long as you pay bills in time). Then you can buy a new car if desired. Not only you may get a lower rate, but you will have enough savings to make a good down payment.