I need a 5000 dollar loan. help.

Anonymous · ‎09-23-2013

My credit score is 664 when discover pulled it last month. I tried to get a loan with my bank suntrust but i got denied. I make 700-800 a month. I still live with my parents and the only thing I pay for is my phone bill. Why would suntrust decline me? And where could I get a loan?

Dustink · ‎09-23-2013

Is it for a car?

Or just a general loan?

That income will get you denied at many places,

Maybe P2P could help with a general loan.

Or dealer for auto loan.

Too many INQs & low AAoA so I'm off to tend the Garden. Age:23

$17k $8.5K Closed $19k $6.5k $24.2k Closed $5k Closed $8.5k Closed @2.49%

Anonymous · ‎09-23-2013

It is for a car. But it is not from a dealership.

SuperKirby · ‎09-23-2013

Are you a student? When I needed a car during school I just applied for a bigger school loan and they gave it to me.

RushXTC · ‎09-25-2013

@SuperKirby wrote:
Are you a student? When I needed a car during school I just applied for a bigger school loan and they gave it to me.

+1 If you're a student, check with your college. My friend got a $4,000 loan around March, Not sure the APR, But he doesn't have to start paying it off until he's out of school.

Dustink · ‎09-25-2013

I don`t agree with getting a loan that cant be discharged.

Too many INQs & low AAoA so I'm off to tend the Garden. Age:23

$17k $8.5K Closed $19k $6.5k $24.2k Closed $5k Closed $8.5k Closed @2.49%

Anonymous · ‎09-25-2013

@Dustink wrote:
I don`t agree with getting a loan that cant be discharged.

In theory, I agree, but if you are expecting to default, you have no business borrowing in the first place.

Student loans have some of the lowest rates around. It's cheap money, especially if you have the ability to qualify for a subsidized stafford.

Anonymous · ‎09-25-2013

I'm not a student right now. I'm only 21. I am waiting till I'm sure on what I want to be instead of digging a hole of debt for my self for nothing. But I got a loan with springleaf only 4000 though, but beggers can't be choosers. And the interest is 30% -__-. My only problem now is I thought appling for loans would only count as one iq if I did it in a short period of time. I got 3 iq's form this. Now I have six iq's on my credit report.

Anonymous · ‎09-26-2013

The inquiries are a minor factor in scoring and lose all their effect in one year. Focus on paying off that loan as quickly as you can. If you used it to purchase a vehicle then you have solved your immediate problem. But that interest rate is going to be a killer if you stretch the loan out too far.

SuperKirby · ‎09-26-2013

@jetlife_reeves wrote:
I'm not a student right now. I'm only 21. I am waiting till I'm sure on what I want to be instead of digging a hole of debt for my self for nothing.

No problem with that. OT here but can you believe I didn't pick a major until i was a SENIOR in college!? I was 22 and finally decided what I wanted to do. Spent 3 years ($30K in loans) in college taking random courses, LMAO. Good news (kind of) is that most of the $30K of classes qualified towards my general education requirement for my eventual degree so I only had to stay in college 2 more years.