Thread: how could a 20 year old get a loan?

damn i just thought about something, the interest rate on this loan would be crazy since im so young huh.

HAHAHA Fill out a jack load of credit card apps,They would love to hear from a young college guy with no credit.

YOu have to have 4 years of credit. Which basically means you'd have to be 22, unless your parents/gaurdians co-sign for you. I know.... it sucks.

A 20 year old College student won't get a conventional loan for that amount of money.

If your idea is really good, you need to present it to Angel investors or investment groups that take risks like that for a large portion of the returns. If you don't want to give up a lot of the profit, best start establishing your credit now by getting low loans, CC's and establishing a payment history.

thx guys i kinda new that kinda info was comming i still just wanted to see what yall had too say?

Originally Posted by dnale48

hey guys im just researching here. I was wondering if any of yall have some info about how a 20 year old college kid with no credit can get lets say a half million dollar loan? I know this sounds crazy but i always liked doin shit that people said i cant. As you have probably guess its to start a bussiness and no im not going to share the idea because you might steal it from me. Thanx in advance fellas.

I'm afraid I'll have to answer this question with one of mine own. How are you at administering blowjobs?

Max has surfaced ... ... and as normal he offered his assistance to help a "member" out of a jamb.

Venture capitol, I hope your idea is a good one.

Venture Capitol is very risky

As Mudge says...Your business better be a good one. Or be prepared to join the sinking ship

Originally Posted by dnale48

hey guys im just researching here. I was wondering if any of yall have some info about how a 20 year old college kid with no credit can get lets say a half million dollar loan? I know this sounds crazy but i always liked doin shit that people said i cant. As you have probably guess its to start a bussiness and no im not going to share the idea because you might steal it from me. Thanx in advance fellas.

only through private investors. there isn't a bank in the world that would loan someone 500k if that person has no credit, income or assets ...

I can say one word here - "Collateral!"

Originally Posted by dnale48

hey guys im just researching here. I was wondering if any of yall have some info about how a 20 year old college kid with no credit can get lets say a half million dollar loan? I know this sounds crazy but i always liked doin shit that people said i cant. As you have probably guess its to start a bussiness and no im not going to share the idea because you might steal it from me. Thanx in advance fellas.

You want a $500,000 loan and you come to a webforum - a bodybuilding forum - to ask where to get it.

Try the S.B.A. baby....but I doubt you even have a clue as to what that is.

Originally Posted by Mr_Snafu

You want a $500,000 loan and you come to a webforum - a bodybuilding forum - to ask where to get it.

Try the S.B.A. baby....but I doubt you even have a clue as to what that is.

your just jeulous you dont have my idea.