Can you take out a small loan with the bank with no credit? I have had a solid job for over 7 months now?

Question

I have had a solid job for over 7 months now, do you think this is possible? I don't need over $1000.00 but I hear this is the smallest that they give. So I could easily pay it off. But that probably doesn't matter, what matters is. Could I?

Answer 1

It should be possible, but i believe it all depends on your credit rating.

E.g. How many credit cards do you have, have you paid back any loaned money on them.

Also, i wouldn't reccomend getting a loan if its only for $1,000. It can ruin your credit rating.

Just keep working and wait for your wages, its not worth wasting your credit rating if you're buying something under $1,000.

Answer 2

Not so sure about that. 7 months isn't all that long.

Best way to find out would be to contact your bank and see what they suggest.

Good Luck = )

Answer 3

1000 is a loan often called as small loan or starter loan. Most of the banks dont deal with this type of starter loan. But private loan lenders deal with this. Before getting the loan recheck the interest rates and other terms of the lender.

I think bad credit loan ( http://loan-guides.net ) will suite your need.