okay you guys i found this real clean 95 talon awd completely stock and hasnt been beatin its a steal. thing is i dont have the money for it right now and i know its gonna sell soon so i cant save up. has anyone tried any online loans? im looking to get 1500 loan.

I have worked in the banking industry for a long time. I advise you against this.

then what should i do? my bank wont let me get a loan i tried twice

hurricanecris24 said:

then what should i do? my bank wont let me get a loan i tried twice

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There's usually a reason for that.

If you MUST have this, then you will need to look at personal loans, not car loans.

Most loans offered online have very high interest rates.

me myself have been looking for one... i got approved for 2000 on Washington mutual or something like that yet i dont have the guts to get it since i dont want to get in debt

knochgoon24 said:

There's usually a reason for that.

If you MUST have this, then you will need to look at personal loans, not car loans.

Most loans offered online have very high interest rates.

Click to expand...

thats what i applied for a personal loan they said they cant do it because i have no credit

well to my understandings when i went for a loan they told me that no credit is better than bad credit but you would need a co-signer... i dont know why but thats what they said...

You will need a cosigner for anything with no credit these days. My understanding is bad credit is better than no credit, at least with bad credit they know you are going to fail and have no reason to give you $$$, with no credit the bank has no clue whether you will pay them back or not.

Bad credit will get you a loan faster than no credit. This is what the bank saw:

- No credit, no indication of paying his debts on time. Negative.
- Personal unsecured loan, has no collateral of value combined with no credit. Negative.
- Loan amount is for $1500.00, no sufficient funds to make minor purchases or down payments. Negative.

You won't get more than a $500.00 payday loan, due in 2 weeks with that.

SpawnedX said:

Bad credit will get you a loan faster than no credit. This is what the bank saw:

- No credit, no indication of paying his debts on time. Negative.
- Personal unsecured loan, has no collateral of value combined with no credit. Negative.
- Loan amount is for $1500.00, no sufficient funds to make minor purchases or down payments. Negative.

You won't get more than a $500.00 payday loan, due in 2 weeks with that.

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damn. anyone wanna let me borrow money

I'll paypal you some money... but interest is 5 times the amount due in income tax season, hehe!

yeah when me and my wife went to get a new car. they guy also said bad credit is better then no credit. But honestly I wouldn't try online. I mean it's so dangerous with internet theft these days!

I had car loans that I paid off and the bank still refused me for a small personal loan. I will never borrow money anymore except for a house, but even that I am wary of. I owe a good $10,000 to various places and the IRS. The economy just sucks. Just save some money first, and THEN look. Rushing into things you think are a good deal at the time usually turn out to be crap, and then you are spending money on fixing it, while you owe money on it. And if it would be a car loan then you have to keep it insured.

Looks like you might have to pass this one up,


Try using your current car as collateral?