1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Anyone have a loan with their banks?

Discussion in 'Business & Tax Advice' started by Rozla, Apr 27, 2013.

  1. Rozla

    Rozla Newbie

    Joined:
    Jan 6, 2013
    Messages:
    13
    Likes Received:
    17
    I'm just asking myself the people with amount of money in their bank, do you guys have a loan with your bank?


    greetz,
     
  2. tridgeroy

    tridgeroy Junior Member

    Joined:
    Feb 24, 2010
    Messages:
    195
    Likes Received:
    247
    If you're considering taking out a load with your bank, make sure that you do your sums properly to be sure that can pay them back.
     
  3. Ste Fishkin

    Ste Fishkin Jr. VIP Jr. VIP Premium Member UnGagged Attendee

    Joined:
    May 14, 2011
    Messages:
    2,028
    Likes Received:
    10,373
    Occupation:
    Rands Sex Slave
    Location:
    England
    The chances of getting a loan now is near 0

    don't count on it, even mortgages are being turned down where I am.
     
  4. everythingred

    everythingred Jr. VIP Jr. VIP Premium Member

    Joined:
    Jul 21, 2010
    Messages:
    2,044
    Likes Received:
    1,319
    If you're a student you can probably get a student line of credit.
     
  5. iampresent

    iampresent Junior Member

    Joined:
    Jul 10, 2012
    Messages:
    167
    Likes Received:
    53
    Yeah its the same here, nothings getting approved, unless you have a 700 score, a nice amount of funds already, and a strong business track record. pretty much if you had this stuff you wouldn't need a loan anyways. Tried to get a loan awhile back for a logistics company we started and it was a complete waste of time.
     
  6. everythingred

    everythingred Jr. VIP Jr. VIP Premium Member

    Joined:
    Jul 21, 2010
    Messages:
    2,044
    Likes Received:
    1,319
    I learned a valuable lesson when I turned 18 to get a credit card and start purchasing things monthly with it and paying off the full amount on time. Build up credit early and reap the rewards later.