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Can I get a bank loan if I have already borrowed twice and am still trying to pay off the last loan? |
Can I get a bank loan if I have already borrowed twice and am still trying to pay off the last loan? Short answer is YES, as long as you are current in your payments. If you have GOOD CREDIT, you can get a signature loan where the lender will only look at your credit score, which is based on how good you are at managing your finances. Good places to look for loans are listed below (i've used e-loan. nice customer service people and easy to use). Also, if you have credit cards, see if you can get any balance transfer checks. Most credit cards will let you put those checks in the bank and you're golden, as long as you pay them ***on time*** and ***have plan to pay them off. Source(s): http://www.eloan.com http://www.gemoney.com/ You need to pay off the debt you have. You're just putting off the inevitable. aslong as you have a good credit rating it shouldn't be a problem. however, it's probably not a good idea to get another loan when you are still paying off one. i made that mistake and am in a lot of debt now, don't do it. Hi, It doesn't matter how much you owe currently to get a fresh loan if you can convince about your repaying capacity to the new lenders. In my view, you should opt for a debt consolidation while seeking the new loan as it will prevent you from falling into a debt trap. A proper debt consolidation will also greatly reduce interest rates. Check out http://financeguru.consumerspot.info... for some useful info and tips. Good luck! it depends how long ago you took out the other two loans, and if you are sticking to the repayment plans then yu will be able to get another one but, do you really need it? you should be able to just be honest with them about any outstanding debt i cant see why not |
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