question about bank loans.. - GoFuckYourself.com

sharpx9 · 12-15-2004, 06:06 PM

If I wanted to get a loan of $5k from a bank, would they ask why? Are they very picky about what you take the loan for? I have a co-signer with PERFECT credit. What all will I have to do to get this loan?
The loan is to pay off some debt I have..personal, mostly.

Scott McD · 12-15-2004, 06:24 PM

They will probably ask why, but you can make up any shit for that, and that will be you...

IRQ0 · 12-15-2004, 06:24 PM

Yes a bank normally wants to know basically what the purpose of the loan is for. The reason is that the loan may need to be secured or there may be better options available depending what it is for. A business start-up loan may be eligible for commercial rates and you may be able to get more money at a lower rate if the loan is secured.

A third party lender will not ask as they do not care. You will pay more interest but they are much more flexible than a bank.

Also, keep in mind that when you use a co-signer the loan is in their name, not yours. If you are trying to rebuild credit it is better to pay more interest and get the loan in your name from a third party lender than to use a co-signer.

UniversalPass Pete · 12-15-2004, 06:26 PM

Get a line of credit, no questions asked!

Top Jimmy · 12-15-2004, 06:28 PM

Quote:

Originally posted by UniversalPass Pete
Get a line of credit, no questions asked!

Yup. If you can this is the best option.

ArikaAmes · 12-15-2004, 06:47 PM

When I got mine from a credit union they didn't ask at all. If they do say it is for school or something like that

xclusive · 12-15-2004, 07:03 PM

Arika is right CU's are much easier to get a loan from...

Fred Quimby · 12-15-2004, 07:11 PM

I got to my wifes checking account when I need cash

sharpx9 · 12-15-2004, 07:13 PM

What kind of third party would I go to?
If I said it was for school they'd probably just tell me to get a student loan, I would think..
What should I tell them I need it for? If I say personal debts, they probably wouldn't give it to me. However, my cosigner does have perfect credit. Errr..I'm stressing here, I need this loan tomorrow or the next day and I don't want to get denied

PornGeneral · 12-15-2004, 07:26 PM

Quote:

Originally posted by Fred Quimby
I got to my wifes checking account when I need cash

Works for me also!

IRQ0 · 12-15-2004, 07:30 PM

Up here we have Transcanada credit, Citi financial, household financial etc. Don't forget online lenders. Many will process you and deposit within 24 hours. A simple goolge search will find many more than you need.

Hinc · 12-15-2004, 07:31 PM

Actually, if you a co-signer with perfect credit, the bank shouldnt be asking too many questions - their funds are secure then.

...and btw, if you borrow 5k - for say a new server, how would they ever know, that what you had delivered was 10 paysites and an inflatable doll (unless of course you make sure the statement says PornoDirt.com)

But. The co-signer should give you a good point of negotiation to get a good interest deal. If he´s perfect, it´ll be worth much more than a good story of how youre gonna spend it (unless you buy a house they can take claim in, thats of course their number 1)

sharpx9 · 12-15-2004, 08:07 PM

thanks for the info everyone. greatly appriciated

Dirty F · 04-29-2005, 09:24 AM

A bank loan? You owe half this board money...is that what you need it for?

polish_aristocrat · 04-29-2005, 09:27 AM

Quote:

Originally Posted by Franck

A bank loan? You owe half this board money...is that what you need it for?

sickkittens · 04-29-2005, 09:29 AM

Quote:

Originally Posted by Franck

A bank loan? You owe half this board money...is that what you need it for?

Haha. I was waiting for you to post that.

Funky Bastard · 04-29-2005, 09:35 AM

First of all your not paying off some debt all your doing is moveing it around you dont need a loan to do this you need your shit stright and get on a budget list your debt from least to greatest then start paying it off little by little and you will be debt free in no time. THINK

Dirty F · 07-11-2005, 12:12 PM

Sharpx9, have you paid the all the people you owe money?

Fucking scamming piece of shit.

Ipod scams, ebay scams, free playstation scams.

Lowlife idiot

Dirty F · 08-17-2005, 07:32 AM

bump bump

blazin · 08-17-2005, 08:12 AM

Better hope your co-signee hasn't read GFY today.

12-15-2004, 06:06 PM	#1
sharpx9 Registered User Join Date: Sep 2004 Location: Clearwater, FL Posts: 2,085	question about bank loans.. If I wanted to get a loan of $5k from a bank, would they ask why? Are they very picky about what you take the loan for? I have a co-signer with PERFECT credit. What all will I have to do to get this loan? The loan is to pay off some debt I have..personal, mostly.

12-15-2004, 06:24 PM	#2
Scott McD Too lazy to set a custom title Join Date: Nov 2002 Location: Glasgow, Scotland Posts: 67,795	They will probably ask why, but you can make up any shit for that, and that will be you... __________________ I Buy My High Quality Traffic Here, You Should Too!

12-15-2004, 06:26 PM	#4
UniversalPass Pete Confirmed User Join Date: Dec 2004 Location: Los Angeles, CA http://www.universalpass.com Posts: 7,368	Get a line of credit, no questions asked! __________________ V4.0 It's Here! NOT JUST AVS ANYMORE! Teen Whore Fetish All Milf Sluts Real Asian Cunts All Latina Cunts Massive XXX Boobs All Out Anal Since 1997. ICQ: 107746038

12-15-2004, 07:03 PM	#7
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	Arika is right CU's are much easier to get a loan from... __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

12-15-2004, 07:11 PM	#8
Fred Quimby Confirmed User Join Date: Jul 2004 Location: Long Island, NY Posts: 5,430	I got to my wifes checking account when I need cash __________________

12-15-2004, 06:24 PM	#3
IRQ0 Confirmed User Join Date: Dec 2004 Location: Kamloops, BC Posts: 144	Yes a bank normally wants to know basically what the purpose of the loan is for. The reason is that the loan may need to be secured or there may be better options available depending what it is for. A business start-up loan may be eligible for commercial rates and you may be able to get more money at a lower rate if the loan is secured. A third party lender will not ask as they do not care. You will pay more interest but they are much more flexible than a bank. Also, keep in mind that when you use a co-signer the loan is in their name, not yours. If you are trying to rebuild credit it is better to pay more interest and get the loan in your name from a third party lender than to use a co-signer.

12-15-2004, 06:47 PM	#6
ArikaAmes Confirmed User Join Date: Jan 2004 Posts: 3,081	When I got mine from a credit union they didn't ask at all. If they do say it is for school or something like that

12-15-2004, 07:13 PM	#9
sharpx9 Registered User Join Date: Sep 2004 Location: Clearwater, FL Posts: 2,085	What kind of third party would I go to? If I said it was for school they'd probably just tell me to get a student loan, I would think.. What should I tell them I need it for? If I say personal debts, they probably wouldn't give it to me. However, my cosigner does have perfect credit. Errr..I'm stressing here, I need this loan tomorrow or the next day and I don't want to get denied

12-15-2004, 07:30 PM	#11
IRQ0 Confirmed User Join Date: Dec 2004 Location: Kamloops, BC Posts: 144	Up here we have Transcanada credit, Citi financial, household financial etc. Don't forget online lenders. Many will process you and deposit within 24 hours. A simple goolge search will find many more than you need.

12-15-2004, 07:31 PM	#12
Hinc Confirmed User Join Date: Oct 2004 Posts: 2,577	Actually, if you a co-signer with perfect credit, the bank shouldnt be asking too many questions - their funds are secure then. ...and btw, if you borrow 5k - for say a new server, how would they ever know, that what you had delivered was 10 paysites and an inflatable doll (unless of course you make sure the statement says PornoDirt.com) But. The co-signer should give you a good point of negotiation to get a good interest deal. If he´s perfect, it´ll be worth much more than a good story of how youre gonna spend it (unless you buy a house they can take claim in, thats of course their number 1) __________________ webmaster @ adultlist. com AdultList.com - Directory Listings, Advertisements, Hardlinks Loasex.com - Directory and old school TGP - taking submits A few sales/opportunities: High Quality Guest Posts For Sale Network of Aged sites for sales. Get in touch on the email above for info.

12-15-2004, 08:07 PM	#13
sharpx9 Registered User Join Date: Sep 2004 Location: Clearwater, FL Posts: 2,085	thanks for the info everyone. greatly appriciated

04-29-2005, 09:24 AM	#14
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	A bank loan? You owe half this board money...is that what you need it for?

04-29-2005, 09:35 AM	#17
Funky Bastard So Fucking Banned Join Date: Nov 2004 Location: San Antonio, Texas Posts: 2,544	First of all your not paying off some debt all your doing is moveing it around you dont need a loan to do this you need your shit stright and get on a budget list your debt from least to greatest then start paying it off little by little and you will be debt free in no time. THINK Last edited by HKS; 04-29-2005 at 09:36 AM..

07-11-2005, 12:12 PM	#18
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Sharpx9, have you paid the all the people you owe money? Fucking scamming piece of shit. Ipod scams, ebay scams, free playstation scams. Lowlife idiot

08-17-2005, 07:32 AM	#19
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	bump bump

08-17-2005, 08:12 AM	#20
blazin Confirmed User Join Date: Aug 2002 Posts: 2,781	Better hope your co-signee hasn't read GFY today. __________________ I don't endorse a god damn thing......