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
The employment certification form for the Public Service Loan Forgiveness Program is available at the official website for the office of Federal Student Aid at the U.S. Department of Education. This form allows borrowers to track their progress as they make the qualifying loan payments required for eligibility.Full Answer >
Payday loans refer to loans from lenders for small amounts of money, usually less than $500 at a time, with loan payment due on applicants' scheduled pay days, as stated by the Consumer Financial Protection Bureau. Payday loans coordinate with individuals' payment schedules. Much like other monthly payments, such as credit card bills, people establish set times for repaying payday loans; lenders typically withdraw requisite payment directly from individuals' bank accounts.Full Answer >
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 >
Poor credit loans are loan products that are designed for consumers who have a negative credit history. Bad or poor credit is generally considered a score below 580, although each lender may have its own criteria for determining who qualifies for a poor credit loan.Full Answer >