xgurl3eb
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not without having your parents on the loan as well. what does a 16 year old need with a loan anyway? |
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Erin Z
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Yes, I did when I was 16 when I bought my first car. My parent's had to co-sign for me though |
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Grizzly Adams
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Please don't do it. Debt is a miserable burden to live with. |
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rabbyt
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No, on your own you can't because a minor can't enter into a legal contract.
Get a job and save up money is the most you can do at this point. |
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Tilly
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Not in the UK, you can't sign a legally binding contract until you are 18. |
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SDD
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Not without a co-signer. You have no legal standing to enter into a contract at 16. Thus the person granting the loan would not be able to collect it if you defaulted. |
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Angelo Y
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Not unless u have a cosigner with good credit |
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LA Chef ~D
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if ur parents co signed with u |
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shortbreadtin
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No, 16 isn't old enough to sign the legal agreement. |
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kumala
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unlikely,are you working?or a student? |
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acosta1035
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you have to establish credit to get a loan..
this would be very difficult at 16.
you can possibly get your parents to co-sign
but I highly doubt that at 16 you can get a loan
on your own. Unless, you are a pop star... |
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motisbetter
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If your parents cosigned with you, maybe. If you are by yourself, don't count on it. |
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***shell***
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don't think so I'm sure you have to be 18 for credit. |
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ascoile
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Highly unlikely, would depend for how much and over what period of time and your ability to repay.
Might be better to save up.
. |
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Frank R
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No. A lender cannot enter into a contract with a person under the age of 18. You would need a third party to obtain the loan for you. |
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shopperholic
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no because you have to be 18 to legally be able to enter into a contract. its a bit worrying you want a loan at the age of 16, its not a good start in life, have you not considered getting a job to earn the money, once you get into debt at an early age, its very difficult to get out of, and trust me i am speaking from experience! |
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Sarah L
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No. You will not get one anywhere, from anyone legal. If you are offered one, i would be concerned.
Try speaking to friends & family - offer to have a contract, similar to a real one you would get from a bank - to be signed by you to ensure that you will abide by any terms they request as well as interest earned to compenstate their effort.
If you are mature & prepared, you will have more chance of them taking you seriously. |
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stuckinslowmo
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No, you have to be 18 |
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Lee B
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No, its not possible in UK to take loan before 18 years. But if you have any co-partner who is above 18 years then i think it might be possible. |
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Barbara B
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You could probably only get a loan with an adult to co-sign, which means that they would be responsible for the debt if you didn't pay it back. If it's for something you really want/need and your parents would co-sign it would be a good way to get your credit established so that when you're an adult it will be much easier for you to get loans and credit on your own. |
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Mark
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Nope, regardless of if your parents sign with you. You are not 18, therefore you cannot get any loan of any sort. Your parents can, however, apply for a loan FOR you , in their name. and if you have a job then pay the bill. But, theres no way that you will get a loan. |
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richard_beckham2001
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No |
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melissapinkfloyd
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no the only way would be to get your parents to co-sign with you. unless you have a bill in your name that you have been paying and have good credit then you will not be able to. |
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xjoshx
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Let's just say I'm 20 and had a hard time getting my car loan. It's almost impossible for people who don't have credit yet. It sucks. |
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Mikey
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It might be possible if your parents applied for it with you, but i find it highly doubtful. |
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The original Peter G
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Generally no you can't, as you can't sign a legally binding contract till you are 18. You might be able to do it if a parent co-signs as guarantor, and if the loan is for a suitable purpose, ie education materials |
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RanaBanana
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I know 16 year old who have. But they had to be working for at least 6 months and have a co-signer. |
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FranciscoinSanFrancisco
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Very good question. Unless you have a nice credit, a god job with verificable income records from your bank, you will need a co-applicant, maybe your parents. |
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Cherish
|
First, before you set off looking for a loan, make absolutely certain that your credit report and credit score are in order. Experts have advised that a significant majority of credit reports actually contain inaccurate negative information. Therefore, by making<!--sure that you credit report is in order and completely accurate, you will be in the best position to get the loan that you need at a most favorable rate.By following these pointers, you will be able to make the quest for financing for whatever your particular needs far easier.
http://best-loans.awardspace.com/
Second, do not settle on the first lender that comes down the pike. In the 21st century there can be some significant differences in the interest rates and other fees that are charged from one lender to the next. By spending some time shopping around, you will be in the best position to find a loan at the most-->reasonable rate around.You need to make sure that you understand all aspects of the loan, including charges and fees.Finally, if you are seeking financing, do not overkill. You need to be prudent and responsible when you are in the market for a loan. |
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