Depends ... proof of income is going to be a requirement by the lender ... they need to make sure that your "debt to income" ratio is within their limits. Your credit score also comes into play ... if it turns up too low, credit, any credit, will be declined.
Not possible as the applicant is a minor.
There is a greater risk that a 10-year loan will not be repaid.
It depends on what state you are in. Call the bank or credit union your family deals with. Ask a loan officer if they will allow you to sign as primary with your parents as co-signers. Good Luck.
Perhaps I am not reading your posting correctly, but... As a minor you cannot enter into a (legal) contractual agreement. And you most assuredly would not be accepted as a cosigner for any type loan. Yes! I was 20 when my dad co-signed for me on a used car loan. After 3 days of "searching" for a bank that would approve us, we ended up with 21.85%! Im refiancing at the 1 year anniversary.
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.
You are not a guardian who can choose to allow a minor to take a loan, nor able legally co-sign a loan with a minor.
{| |- | Not by themselves. Until the minor reaches adulthood they cannot sign a contract with a bank. Someone must co-sign for the account and agree to be responsible. |}
The 16 year old is a minor and by federal law CANNOT sign a legal document. It does not matter whether the 16 year old has a job or not.
Unfortunately yes. The only reason being that a seventeen year old is still a minor. On the other hand, if you are an emancipated minor then the answer would be no.
No, a minor cannot adopt another minor. And most jurisdictions don't allow adoption under the age of 21.
yes
It is the age of the victim and not the offense that defines their legal status. Seventeen years of age qualifies as a minor in ALL jurisdictions - UNLESS - they have previously petitioned the court and been granted emancipation.
no a seventeen year old can't sign them selves out
He can. It is called Assault on a Minor, and the 17-year-old, while technically a minor himself, is of the age of consent according to the justice system.
In Missouri, the legal age of majority is 18. This means that a seventeen year old would typically need parental consent or court approval to move out. However, there are exceptions for situations like emancipation, marriage, or military enlistment. It's best to consult with a legal professional for guidance specific to your situation.
No. At 15 you cannot legally sign a contract.
no