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Please spare me the harsh judgement, but if you have a personal
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You are currently reading a thread in /biz/ - Business & Finance
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Anonymous
2016-02-17 08:01:22 Post No. 1097787
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Anonymous 2016-02-17 08:01:22 Post No. 1097787 [Report]
Please spare me the harsh judgement, but if you have a personal loan, is it possible to be approved for a second loan either at the same institution, or at another one?
If you want my situation, keep reading:
Long story short, I was a bad kid, racked up debt. I have gone 180 by getting a 6k loan for a car. Im now at the cusp of no debt, but i damaged the car bad. The car is my only means of survival. I figured the payment on the loan is so low i barely feel it. In fact i could take a second one for more, fix car, and probably with the rest knock off the last card or take a chunk out of the first loan. Does this seem like a reasonable plan? My only alternative is to jack the car repair on a card again, or borrow from the little savings and sell the car which is not worth much in its state
>>
Anonymous 2016-02-17 08:04:39 Post No.1097791
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Anonymous 2016-02-17 08:04:39 Post No.1097791 [Report]
personal unsecured loans usually carry insanely high interest rates. id lean on your emergency fund and sell the car. buy a beater and start over
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