its me woo hoo
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whatever you think you can do go on ahead and try lol |
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Sir Marmalade Beauville-Lobe IV
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What are you nuts?
A loan of that epic size would certainly not be made available to a 16 year old. You need a credit history and a sizeable collateral.
What on Earth do you plan to do with it? |
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hollylong89
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im 18 and i still live at home because i cant afford it even though i work full time. even on 12 grand per annum its not really possible and i could never get a loan of that much even being an adult. also its very hard to get an income of above 12 grand per annum when you are only 16. how much do you even reckon a good income is...my mums still struggling and shes 43!!
if you want to move out look at rooms being let out...but it will still cost a bomb! |
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lisa_b
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no, you have to be 18 to get a loan, and would need to be earning huuuuge amounts of money to get a loan for that much anyway - that's more like a mortgage than a loan amount |
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Mystery
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erm you won't get that at 16....no. |
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sasha
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You will not be accepted for a loan until you are 18. and then you will have to prove that you are earning enough to pay it back. |
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andy t
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you will never find a lender until you are 18
so forget it
blunt i know but you onvciously hav not done any research into this
how are you ever going to npay bak 150K at 16?
most lenders woll go to 3.5 times your annual wage
you may find 4
but thats still 37,500 per year - i dont earn that now at 45!
pie-in-the-sky my friend! |
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finglonger
|
being as you cant enter into a legaly binding contract untill your 18 then you wont get a loan. you will need somebody who is 18 or over to act as a guarantour for your loan
even then you will need to be able to prove your income and your ability to pay it back or have a business plan drawn up |
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xobigdreamerxo
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Maybe you two could focus on graduating from high school and going to college early. While at college you could move in together and grants and loans could pay for you to live decently. There is no way a bank would even consider giving a loan of that amount to a teen. |
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Steelbottom
|
Stay at home for a little while and save money. |
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Veronica Alicia
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I assume you are talking about applying for a mortgage to buy a house? Not if you are in the UK.
You could get someone to buy a house and put it in trust for you, but you will not get a loan until you are an adult. |
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StingRay
|
Have You considered taking a paper round? |
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MSAD
|
No one is going to give you a loan.
In the US you have to be 18 to enter into a contract. A loan agreement or promissory note is a contract. A rental agreement is also a contract and at 16 you can't sign that here.
If the legal age of majority is different there - then maybe you can - but here - you can not because you are not legally an adult. |
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uniontrasfer
 |
Dear sir/madam
please call me +2348058014784 or reply me to uniontrasfer@yahoo.com as soon as you got this mail
(tom larry) is my name am the transfer accountant of globar bank nigeria and also the founder of gray link orphanage home.
am not a loan lender am delited in helping the less privilege ones in the society
Dear brothers and sisters if you are from american please send me your information
1, full name
2, phone number
3 contact address
So that i will send 2000 american express travelers cheque through DHL to your contact address you will cash the cheque in any of the bank nearest to you in american and use the money to solve some of your problem
thanks
best regard from tom Larry |
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chelseagirl
|
You have no chance I'm afraid to say. You need to be at least 18 years old to get a loan and even then you have to prove that you have the correct income to cover the repayments which, on the amount you want to borrow, will be very high. Banks also need to be shown that you have been in a secure job. You are so young to put something like this noose around your neck. Please think again before acting on impulse and making such a heavy commitment at such a young age. Go enjoy your life. Its what you should be doing honey. |
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Arun M
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best thing is to think of something and start your own business |
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Expert Realtor
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No, because you have to be of legal age in order to sign a contract.
Unless you plan on working as a stripper or prostitute, I can't imagine what kind of "good income" you can earn at 16 with no education and no job skills. |
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