4 ms·

Is it easy to get a regular loan of >$25k with no securities though?

• charlesdm 8y ago
  I'm not US based, so I don't know. But I don't see why it wouldn't be possible if someone has been employed on a decent income for years. Even paying 5 or 7% would be better than 11%. But I would assume she has looked into that.
  • IanCal 8y ago
    One problem is that she has a lot of debt and a history of missing payments.
• cobookman 8y ago
  I was offered a 25k interest only loan with no securities. It had a 5% interest rate. I'll mention that I have 0 debt, a high 750-850 credit score, and relatively strong income. Its this kind of stuff that enables the rich to just get richer. I'd assume ppl with 10mil+ of net worth can get way better rates & loan amounts than I. However you could easily refinance that loan and get a better rate these days.
• deleted 8y ago
  [deleted]
• megaman22 8y ago
  It's almost exceptionally easy to get an unsecured personal loan for that amount of money through Prosper or LendingClub or Lending Tree if you have good credit. I just did it a few months ago to do some renovations and put a new heating system in my house.