Can you get a small loan with no credit?
Question by someonewhocares: Can you get a small loan with no credit?
My boyfriend wants to buy a small trailer house for $ 15,900 and needs a small loan. The only problem is he’s only nineteen and hardly has any credit at all. Is there any way to take out a small bank loan of about $ 15,000 with no credit? If not, any advice??? He has to move out very soon!
Best answer:
Answer by psunuc
Since he is financing it almost 100% this could be tough. Most likely he will need someone with good credit to co-sign the loan for him.
This means that they will pay the loan payments if he does not or can not for some reason.
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try check my source it said “offers up to $ 15.000 emergency cash advance overnight. We offer a fast and easy instant online approval process. Our site is confidential and secure with no credit checks required!”
hi
If you have a good job or repayment plan, you can ask for a loan at your credit union or Prosper. People may help you. More information at http://www.acreditlibrary.com/prosper.html and http://luccu.org
More than likely, no. Unless he has a STRONG relationship with a bank, meaning sufficient deposit, different products, etc. They will not lend that much money with no credit history.
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Banks won’t loan on a trailer home. There are specific companies for that and they are very lienient on their credit qualifacations