Have you ever taken out a line of credit and what are the pros and cons of taking out a line of credit or borrowing a loan?
I am thinking about taking out a loan because I have no money but I need money to afford some stuff. So I can apply for an employment program. Is it a good idea?
- n2mamaLv 74 weeks ago
And where are you planning on getting this loan that you have no ability to repay? Because any lender like a bank or credit union would not be likely to approve a loan to someone without an income or job. Perhaps if you had something of value you could put up as collateral, such as a house, you might be able to secure a loan. If you have a car that you have a clear title to you could get a title loan. But of course, if you default on the loan, they get to take your collateral, so you could lose your car (or house) with that.
- EvaLv 74 weeks ago
If you are unemployed and/or have no income you can't get a loan. You have to be able to show the ability to pay it back. You certainly aren't going to be able to get an unsecured loan.
- Anonymous4 weeks ago
No job no loan.