Can A 16 Year Old Get A Personal Loan

I dont currently have health care so a loan would be my only option to meet the expenses of the treatments i need. How can a 17 year old get a personal loan.

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can a 16 year old get a personal loan

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Peoples credit union for example has a credit builders loan that gives young borrowers the option to take out a loan to build good credit that will help them secure other loans in the future.

Can a 16 year old get a personal loan. That actually do value money well enough to have a job that does tend to be the answer as to how a 16 year old would repay a loan. Someone such as a parent or legal guardian will have to cosign for the loan basically saying that they will be responsible for the loan if the 16 or 17 year old individual does not or cannot repay the loan. No one is going to give a 16 year old any money.

Seventeen year olds cant take out a car loan or even become a cosigner or co borrower on one. Alex r asked in business finance personal finance 1 decade ago. Alternatives include getting a private loan from your family or settling for a car you can afford without needing a loan.

Mommi3 of an. Unfortunately you cant be 17 years old and take out a car loan. No contract is legal and binding until the contract holder is of legal age to which is 18.

Looking to borrow money to consolidate bills buy a computer travel or establish credit. According to how to get a loan if you are under 18 and many other reputable sources. By law a 16 or 17 year old individual is considered a minor and they cannot take out a loan.

When a auto loan personal loan and credit card loan are combined. How can a 17 year old get an auto loan. Underage children cannot sign cont.

Take out a borrowit personal loan so you can get something you want while building a positive credit history. Check with a local credit union. Why you have to be 18 to get a car loan.

Wiki user october 21 2010 930pm. While you cant do it alone at age 16 you could get a car loan with a co signer such as a parent. Certain lending institutions offer 17 year olds different options for personal and auto loans.

Getting an auto loan requires signing a contract and you have to be 18 years old to legally enter into a contract in the united states. Also exceptions to the rule some limited subsidized federal student loans may not require a co signer which may be offered to minors. Login to reply the answers post.

Can 16 year olds get loans. Can a 16 year old get an auto loan if they have a parent who. Borrowit personal loans rates as low as 99 apr no collateral needed.

As a 16 year old is there any way i can take out a loan to help with personal medical expenses.

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