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how can i request a personal loan?

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johnax210134

Joined: 12 Sep 2007
johnax210134's page
Posts: 1

69 Magic Points

Subject: how can i request a personal loan?

Wed Sep 12, 2007 12:25 am

can i get a personal loan?

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 686

17396 Magic Points

Wed Sep 12, 2007 8:39 am

There are various banks which do offer personal loans. Get in touch with them, compare the interest which suits you the most.
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Morningstar

Joined: 17 Apr 2007
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Posts: 582

11 Magic Points

Thu Sep 13, 2007 7:41 am

Try a credit union, too.
Be prepared, unsecured personal loans often have steep interest rates.
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smilenyc07

Joined: 23 Sep 2007
smilenyc07's page
Posts: 39

2057 Magic Points

Sun Sep 23, 2007 3:45 pm

Hey johnax210134,

As Morningstar mentioned, a credit union is a very good choice (if you can get accepted into a union). I used to work in the airlines field and we had credit unions trough the airport. My company had its own union where I, with my messed up credit score and history was able to obtain a loan at 7.9% APR.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: loan

Sun Sep 23, 2007 7:28 pm

Also.......if your Credit Score is low, and you are having difficulty finding a place to loan you money, you can use your Savings account ( if u have one), for 'collateral'. Usually something, like this, is very little % rate. I've done this before. It maybe an 'in house credit', kind of thing, BUT, it will show your bank that you are respnsible in making payments. Just some advice.

smilenyc07

Joined: 23 Sep 2007
smilenyc07's page
Posts: 39

2057 Magic Points

Fri Sep 28, 2007 3:29 pm

Last resort (thats if you REALLY need the money): Take a loan against your 401(k). It may hurt you in the long run though (it will also cost you a lot of fees, taxes etc).

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Tue Oct 02, 2007 7:47 am

could anyone please explain 401(k) to me?
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Carol

Morningstar

Joined: 17 Apr 2007
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Posts: 582

11 Magic Points

Tue Oct 02, 2007 8:04 am

Money is taken out of your paycheck (pre-tax, I think), and an employer typically matches in part, or in some cases, in full. It is usually invested into a group fund. That's the best I can really explain, perhaps others will be more knowledgeable (stupid me never took advantage of it when it was offered).
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