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Is it possible to have 2 loans?
Such as a personal loan for surgery, and one to buy a new car... assuming you have the means to pay the monthly on both.
2 Answers
- Sgt Big RedLv 71 decade agoFavorite Answer
My dear, this country has over a billion loans outstanding, so I believe you can have as many as you can afford.
Just don't overdo it, keep the amount of your loans to less than 30% of your yearly income (unless it is a house mortgage or auto payment).
Just don't jump on those offers you get in the mail offering 0% no service fees, etc etc, if they sound to good to be true they usualy are. Once they hook you and you make just one mistake like a late payment, your doomed for 7 1/2 years untill it drops from your credit report.
Good luck and don't spend it all at once.
- DJnCSpringsLv 51 decade ago
The whole damn country is in too much debt. is it possible??? You should ask yourself if it is feesible?
