yes, i got my first bank loan at 20 by myself (however i did work at the bank i got it from!)
Not possible as the applicant is a minor.
Yes, as long as the cosigner is a legal gardian or a parent.
No, you cannot. In the state of Indiana, as in most states you are not considered to be of legal age to enter into any contract until you are 18 years old.
Since you are 17, most states still consider you a minor. Your cosigner will probably have to take the loan out in their name only and be responsible for its repayment.
Yes as a 17 year old you may get a loan from your local bank. The chance they will approve the loan however depends on your credit score.
Not possible as the applicant is a minor.
Yes, as long as the cosigner is a legal gardian or a parent.
No.
No, minors cannot legally enter into financial agreements.
The cosigner has the same legal obligations to repay the debt as does the primary borrower. If the primary borrower defaults, the lender can begin proceedings to collect the full amount owed plus applicable fees from the cosigner. A cosigner can be sued just as can the primary borrower. And if the primary borrower claims bankrutpcy, the cosigner will still get "stuck" with the debt. The credit report of the cosigner will be equally affected, either in a positive or negative way, depending upon the circumstances.
A 17 year old will not be able to get a car loan for $5,000 dollars without a co-signer. Most banks will not give a 17 year old a loan even with a co-signer.
No, you cannot. In the state of Indiana, as in most states you are not considered to be of legal age to enter into any contract until you are 18 years old.
Since you are 17, most states still consider you a minor. Your cosigner will probably have to take the loan out in their name only and be responsible for its repayment.
Yes, an 18 year old can be a cosigner for an adult. At the age of 18, the individual themselves is considered an adult. Any adult, depending on whether or not their credit is good or bad, can cosign for another adult.
Yes as a 17 year old you may get a loan from your local bank. The chance they will approve the loan however depends on your credit score.
no
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