Several banks and credit unions offer first loan programs for persons under the age of 18. Obtaining a loan under the age of 18 is more challenging due to the lack of credit history, but it is not impossible.Know More
If the borrower is under the age of 18, any loan obtained is likely to require a co-signer or guarantor. The person who co-signs the loan is responsible for repayment if the borrower cannot, and co-signer's creditworthiness is the most important factor in obtaining the loan.
If the loan is for school-related purposes, start by consulting the financial aid office of the school you are attending or looking to attend. Financial aid programs for education are available to students, regardless of age, and their parents or guardians.Learn more about Personal Loans
Wedding loans are loans taken out in order to cover the cost of a couple's wedding and other related expenses. As of 2014, the average cost of a wedding exceeds $30,000.Full Answer >
Individuals cannot get free loans from the U.S. government because qualifying applicants who obtain government loans are required to pay back the loans, usually with interest, according to USA.gov. In comparison, eligible people who receive grants are not required to pay back the grants.Full Answer >
According to Business Insider, the best ways to pay of students loans quickly include understanding the repayment guidelines, making financial sacrifices, making more than the minimum monthly payments and making payments as often as possible. Individuals should make payments more than once a month and account for every penny spent.Full Answer >
Payday loans are small, short-term loans, typically of $500 or less, that mature or require payment on the borrower’s next payday. Prospective borrowers apply for payday loans either in person at a check-cashing center, online through a direct-lender’s site or via a loan-matching service. Common features associated with these loans include exorbitant interest rates or financing fees, small principals and two-week maturity dates.Full Answer >