Mike D! asked:


I will probably need to replace my car soon, but I don’t know that I want a traditional car loan because it would require having more insurance, and thus be rather expensive for me. (It’d be about double for me, as I don’t have a spotless driving record). I was wondering if instead I could get a personal loan from the bank, say in the neighborhood of $3-5K and use that for a car thus saving me a bunch of money by not needing collision coverage if I could pay for the car in cash.

Now the questions … is this possible, or is there usually some stipulation that you can’t use a personal loan for a car? What sort of collateral do you usually need for a personal loan? If you have good credit, can you get one w/out collateral? Any info would be greatly appreciated! Thanks!

Eddie

Brooke B asked:


I made a huge mistake in using payday loans to help pay bills during a rough time. Now I can’t get from under them and it’s hard to pay on my regular bills. My credit is 495 therefore it has been hard to get a loan.

Cody

Ariana B asked:


We are in need of some money until payday and I was wondering what payday loan website is good. I know some say payday loans are bad but they are only bad if you dont pay it back the next paycheck and my husband gets a bonus next week so we will be paying it back next week. Anyone have an idea of a good site?

Edgar

Amy Dean asked:


My car and house arent paid for. What else could I use and what is the max personal loan amount without collateral at a bank with a co signer?

Rita

thespaceofmyheart asked:


I plan on purchasing a new car, but my bank (wamu) does not offer personal loan, so i wonder where else i can find a personal loan with the least interest.
Citi bank offers a loan with APR 10.5 %. Is is consider low?

Ronald

just_willy_uk asked:


I need a small amount of money < 10k. What is the Difference between a mortgage and personal loan? How do i decide which one to apply for ?

Shawn

James G asked:


I cant pay these loans back and I have post dated checks with the payday loan companies. Im afraid they could prosecute me for the bad post dated checks. What is going to be the best way to handle this situation?

Javier

Dophia B asked:


Also Isn’t there a book you can get that tells you how to clear your credit up and get bill collectors from harrassing you? I have 3 loans out that are payday loans what happens now I have been in the hospital and am going to be at least 2 months behind on them?………Please help!

Leslie

Nick D asked:


I would need 10 000$ to buy a used car. I have only 455$ credit card debt, my credit score is excellent. Can you tell me the advantages/disadvantages of a line of credit and a personal loan. I asked my bank adviser and he told me to take a personal loan, but why? I was a little bit skeptic.

Brian

BeBeAdY asked:


I just received an offer to apply for a personal loan for up to 35,000 with Bank of America and for up to 5,000 with citibank. I actually need no more than 7,500. The interest rate is between 9,97 and 27,88 based on credit worthyness. I will like to know how it works. I’m hesitating between that and applying for a credit card. My credit score is fair (650). A friend advised me to go for the loan because it’s a guaranteed fixed interest. But since I’ve never done it b4 I will appreciate some more advice. Thanks Much.

Sandra