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Most credit unions will give you better terms than 19% interest on a personal loan as a teenager if you have not seriously damaged your credit profile already.
by simfree 3y ago
Most credit unions will give you better terms than 19% interest on a personal loan as a teenager if you have not seriously damaged your credit profile already.
These tool loans certainly aren't going out to people that have already rolled the bus on a Capital One $300 credit line credit card.
- prepend 3y agoMy credit union will for my kids because I’m a member. But if I’m a new person with no history, they’ll give me a lower interest rate, but only for like $500-1000, so probably not enough to get tools. Certainly a good idea to shop around but it’s hard to get a $5000 loan with no credit and no collateral. What I found odd is that I rarely see these tools for sale used. I expect they’d be valuable, but I guess they just get bought up before hitting eBay or Craigslist.