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Taking a loan from Bank of America?
I was planning on taking 5K loan from a bank and get a car, because I lost my car about 2 months ago. I am 18 years and and a college student with no credit. I earn about 500 per month because i cannot go to work. If i have a car, i would go and work full time. when I work full time, I earn 1600. What do you guys think? Thanks to anyone that answers!
8 Answers
- Steve DLv 75 years ago
Unluckily, you are caught between a rock and a hard place - you need a car to go to work, you need a loan to buy a car, you need a job to get a loan. Working backwards..no job, no loan, no loan, no car, no car no job. The bottom line is you may need to suck it up, buy a bike, get a minimum wage job and save some money to put a down payment and then find a cheap used car and work from there.
- RobLv 75 years ago
Not happening here legally .
..any "loans" u get will be 20% or better.
Get a bicycle and get work..
U can't qualify for loans given the info.
Parents can explain the reality of buying cars on loans.
- ?Lv 75 years ago
I think you are betting on BoA giving you the loan and I am not so sure that is going to happen
- 5 years ago
Some of you guys are giving smart answers... I am in a situation that my house is 30 mins away from school and 15 mins away from work. I do not pay for any rent, whatever i earn comes to me. this still doesnt give me a chance?
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- Anonymous5 years ago
have your parents get the loan for you...
- Anonymous5 years ago
have your parents get the loan for you...
- Anonymous5 years ago
if you have no collateral they may not see it your way ...