I applied with only one loan provider online (Chase Bank) and they said I am good up to ,000. Seems really low to me? On the application I put salary k/year and credit should be good although I don’t know my credit score.
Should I apply for more loans and is there a chance I can get much more than ,000 or will most banks or lenders be within the same range?
Can I use my car if its a lease as collateral to make the loan higher or does that only apply for a car that is fully owned.
Just wondering if there are ways to get more money from a personal loan. thanks

3 Responses to “I’m looking to take out a personal loan. $15k to 25k?”

1. V R Says:
   January 8th, 2011 at 4:14 pm

   Personal loans with no collateral are very hard to get for the amount that you are looking for. Not to mention that the interest can be as high at 25%. NO. they will not accept a lease car as collateral, since the car is not yours. In order for they to accept a pink slip. the car has to be owned by you. In other words paid in full.

   Do you really need that loan? I just hate to see anyone go into debt with a high interest.

2. Predatorprey Says:
   January 8th, 2011 at 4:14 pm

   Personal loan is a very risky loan for a bank. Thats why they charge high interest rate and do not allow you to borrow much.

   Putting up a car as collateral that you DO NOT OWN wont’ do anything to increase the amount you can borrow.
   A car is an depreciating asset, and you probably own more money on the car than the car is worth so collateral is 0.

3. Dianne R Says:
   January 8th, 2011 at 4:14 pm

   try Nhbs, Inc, used to get help from them, their programs are useful and tailored fit to suit different status

   http://www.newhorizon.org/Info/personaloans.htm

   hope they can be of great help to you too

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