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alex r | Can 16 year olds get loans? |
Additional Details
i have a well paying job which i could cover the payments i need it for a vehicle
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 |
 
shannlen
|
Only from a relative or friend. |
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Cat
 |
They can from relatives.
But financial institutions will not loan to minors - because minors are unable to enter into contracts.
But there's nothing stopping your Uncle Joe from loaning you money if he wants to. |
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plucas
|
of course why not, from your parents, close friends,. etc,
lol |
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nessa
|
no, you must be 18 or have a parent sign |
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Wise
 |
Save your money until you have over half the cost of a car and then go check it out. You are two young to go into debt. |
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drewski
 |
only with a cosigner |
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CMS
|
Sorry, you have to be 18 or older to apply for a loan...The best thing to do is ask a parent or other relative about co-signing on the vehicle. Once you are 18, you can refinance the car into your name and this will build your credit... |
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nowhere man
 |
with a cosigner |
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Mommi3 oF aN aNgeL<3
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nope in less you have someone over 18 with good credit |
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Sky B
 |
not unless the bank thinks you have a well payed job and can afford to take money and pay it back with interset in the years to come. |
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unconventional
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no |
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you're lucky I'm nice
 |
no one is going to give a 16 year old ANY money. even with a co-signer, you would have no credit whatsoever. how is a 16 year old going to repay a loan? |
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