loans

[CHAPO GUZMAN]

anyone do loans or knows alot about them? i need to be schooled on this subject.. im thinking about getting a loan for a car, but i dont know if going to B of A for one is a good idea.

 

[Y-S]

If you're going to apply for a loan.......

be sure you have plan B, if anything goes wrong.

 

[JLMACN]

what exactly do you want to know?

be specific...

I hate typing all that info out.

5000

 

[carl winslow]

me too. i want to take out a school loan. like $5-10k for my final semester.

do i have to qualify to get it?
how long is the process of getting it?
will i end up paying like double back?

 

[City Situation]

i have a question: what's the advantage of taking a loan with a bank over a loan with your friend? (provided he's a good friend. not like it matters anyway since you're the one paying it back)

 

[Dana Dane]

To answer the last question~ Your friend will not report the loan to the credit bureaus and help build your credit. A bank will probably charge more interest from your friend, but you may not potentially ruin a perfectly good friendship with the bank over money.

 

[City Situation]

Oh yeah credit.. But losing a friendship (even though I doubt it would happen) is a lot better than bad credit ruining your life, owing money to a bank, etc.

 

[CHAPO GUZMAN]

i just need like 10k, is getting a loan from Bank of America a good idea? I just dont want to be stuck paying back double.