|
It really depends on what the loan going to be used towards (tangible goods or to pay bills and/or business expenses). It also depends on your credit.
You can have shitty credit and still get a car loan with no money down. One of my employees just bought a 2013 car and his beacon was 495. Granted the car was $16k and his monthly car payment is just shy of $700 a month. It's doable if there's tangible goods involved because they're banking on you defaulting on the loan so they can repossess the goods, resell it, and still make money off you.
With personal or business loans...it's damn near impossible without seeing Vinny the Loan Shark. Unless it's a payday advance loan or a grant...you're fucked without a co-signer. If you have any type of collateral, you can use that towards your loan and as long as the collateral is worth more than the loan.
Short answer: if it's a car loan, you're fine. Just get ready to get ass-raped by the financing companies. If it's a personal/business loan and you have shitty credit...it's not even worth your time trying. And it will fuck your credit up even worse than it is now (if you have bad credit) because each inquiry is a negative mark on your report.
__________________
|