Do you have loan experiences?

[220]

Hello,

I would like to have advice, opinions about bank loans.
I live in Europe and I went to see several bank loan organizations to be able to change my car... Obviously ready to pay a monthly sum of up to 320€ for ~ 7 years.
Yes, it's counterproductive, but when we don't have the money, we have no choice. 

I don't currently pay bank loan, it's refused every time, for no particular reason. Do you think this would be because of the Covid? 
To summarize the situation for you, I'm looking for a bank loan of around 26,500€ but... well 
I think the health situation scares the banks.

I don't know...

[87]

I got a student loan when I was 16, didn't have a job, or a vehicle and it was the worst choice of my life. Make sure you can pay it back on time or you're fucked

Buy This Space Now!

wizbliz_

[220]

I got a student loan when I was 16, didn't have a job, or a vehicle and it was the worst choice of my life. Make sure you can pay it back on time or you're fucked

Yes but.. I’ve no choice... I need a car

[87]

I got a student loan when I was 16, didn't have a job, or a vehicle and it was the worst choice of my life. Make sure you can pay it back on time or you're fucked

Yes but.. I’ve no choice... I need a car

Take a cab until tax season, unless you have rich family who will cosign you wont get the loan

Buy This Space Now!

wizbliz_

[220]

I got a student loan when I was 16, didn't have a job, or a vehicle and it was the worst choice of my life. Make sure you can pay it back on time or you're fucked

Yes but.. I’ve no choice... I need a car

Take a cab until tax season, unless you have rich family who will cosign you wont get the loan

Thanks for advice

[22]

Without proper credit history nobody will loan you even $2000 let alone $30,000, and it has nothing to do with COVID, infact because of COVID they might be more willing to give out customer loans to people.

- You need to build credit history, start from $200-1,000 credit card  whatever they are willing to give you - use it for small purchases, and pay it off before month ends so no interest accumulates.
- You need employment history - to show that you can hold down a job and are able to have stable source of income
- With time they will be willing to give you more and more if you will have good track record on borrowing and repaying in time, but don't expect anyone to hand you $30k loan, unless you make lots of money somehow - you don't need a $30k car in what I am assuming your early 20s. Unless of course you are from wealthy family, but you wouldn't be running around asking for loans if you where..

[6]

I have loan experiences, but I try not to get loans now. A few months ago I needed money, and decided to apply for payday loans in North Carolina, and found the service Maybeloan. There are a lot of pros of using this service, you can get a loan in 15 minutes, even if you have a bad credit history, and you don`t have to pay any fee to this service.

[60]

I think at the moment most banks world wide are being very cautious about lending, due to the much higher risks of defaulting right now.

I myself took a small loan when i was like 23?? I didn't persnally need it, it was to help a family friend mostly. However, it made things a lot easier for me with that bank as they saw i paid it off on time with no issues. That trust goes a bit when going for bigger loans.