Question : What is the easiest way to take out a personal loan?
I'm 19 years old, I go to school, I'm a waitress at Applebees, I have my own credit card which I pay on time, and I would like to take out a personal loan so I can do some work on my car. It needs a bunch of new parts. I also need to get a few things for it. The loan wouldn't be more then $2,500 to $3,000. What's the easiest way to take out a loan where I will most likely get approved?
- asked by meggiecakess
All Answers:
Answer #1
The easiest way to get money would be sleepingwith a guy/or getting a boyfriend with alot ofmoney!
- answered by Katherine
Answer #2
Three Easy Steps To Getting The Best PersonalLoan:1) Know what you want The first thing youneed to do is to decide which kind of personalloan will suit you and your circumstances best.For example, if you're a homeowner then you canlook at taking out either a secured loan or anunsecured one depending on your preference. If youdon't own your own home then you will probably belimited to an unsecured loan.2) Stick to what youcan afford The easiest way to do this is to lookat your monthly outgoings and to work out how muchcash you have spare once you've met your existingfinancial obligations and spending for the month.This sum is basically what you can afford to payas a loan repayment every month.3)Shop around forthe best deal The easiest way to shop aroundnowadays is, as ever, via the Internet. Even ifyou just spend a few minutes on an online loanrate comparison site then you'll see some bigdifferences in the interest rates being charged.And, remember, the lower the interest rate youpay, the lower your monthly repayments will be.And, the less you pay back every month, the lessyou'll pay back overall. This all adds up tosavings for you.If you follow these three stepsthen you'll be well on the way to finding exactlythe right kind of loan to suit you best Know moreon Personal Loan eligibility, compare personalloan deals at
http://www.paisawaisa.com/loans/personal-loans.aspx .very informative site
- answered by Shweta S
Answer #3
First, pull your credit report. You can get itfree once a year at
http://www.ftc.gov/freereportsTry local creditunions and smaller banks which may give somedeals. One note to consider is that every time youapply for loan, and even if you don't take it youcredit score goes down due to request. Sometimebanks can quote you, when you walk in, theinterest rate on the credit report that you canshow them. (i.e. they don't have to access yourcredit for now). If interest rate satisfies you,you can go ahead with loan. At that point bank doneed to access you credit report since they haveto pull it directly to issue the loan. Also,pre-calculate how much of monthly payments you canmake and derive the length of payment by inputtingthe various possible interest rates. Additionally,be aware of the small print. Some banks may giveyou nice deal but may have disbursement fee etc.which adds up to the cost of the loan. Thefollowing link is also good resource to startlooking for loan. Hope it helps.
- answered by Mike G
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