Personal Loan

Question: How can an unemployed 18 year old with no credit history get a personal loan?

(Posted by: nick n on 2010-02-21 23:18:30)

I want to manufacture pianos and sell them for less $ than yamaha, steinway, etc. I need approx. $15, 000. the first sales profits would pay for the loan. THANK YOU VERY MUCH! this means a lot to me.

Posted by: randy e on 2010-02-21, 23:24:26

I am sorry to tell you, really, but you do not qualify for any kind of loan. It 's a large amount you are looking for. I would suggest that you become employed, and begin to save money and start the project, and as time goes by you can finish it, then have your money (profit) to build more. I wish you well, follow your dream!

Posted by: bdancer222 on 2010-02-21, 23:51:22

If the bank of Mom and Dad isn 't willing to float you that loan, you won 't find anyone else who will. Just how do you expect to pay back this loan if you have no job? Get yourself a job and start saving up and start you business on the side.

Posted by: TheDanster on 2010-02-22, 00:16:50

I highly doubt that your FIRST sales profit will pay for the loans. Can you tell me how you who are an 18 year old manufacture pianos better than yamaha?

Posted by: Blah on 2010-02-22, 01:09:16

Lol is this a joke? not a big market for pianos i suggest you report the scammers that offered you a loan here on yahoo answers you will just end up with a fake check or something

Posted by: � on 2010-02-22, 01:50:22

Get a credit card and start building your credit history. If you 're unemployed you 'll probably only be approved for a secured credit card. Chase Bank and Capital One have credit cards for people with no credit history and they also give personal loans.

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Posted by: wizjp on 2010-02-22, 09:44:13

No lender canmake you a loan without an ability to repay it. Sorry; #1 priority is a JOB

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