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How do you get a loan of 15000.00?

Updated: 9/11/2023
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16y ago

Best Answer

Have good credit. At least good enough for the creditor.

Have security, or collateral, up to half or more of the amount borrowed. Most creditors want double the borrowed amount, depending on your credit and how conservative the creditor is. The more security you have, the less the loan will cost. (interest rate.)

If you have bad credit, no collateral, no assets to secure the loan, you can still get the money, but usually not $15,000. Maybe $5,000. The interest rate will be very high.. like 30% or close to it. Oh yes.. you need a job, at a minimum.

If you have bad credit, no security and no job and want the entire $15,000, you can go to the mafia. Your security will be your knee caps, or your life, depending on the creditor.

How badly do you want the money?

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16y ago
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