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How old do you have to be to get a loan?

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2010-10-18 19:49:15
2010-10-18 19:49:15

An individual must be at least eighteen (18) years of age to be able to sign a binding legal document (which includes loans).

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No a child cannot get a loan. You need to be 18 years old to legally get a loan.

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Old enough to have a decent job with sufficient wages to repay the loan on time and without cramping your living style.

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what if i have a loan and im just 18 and the law is 19 to get a loan in Alabama

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There is no statute of limitations for a Federally backed student loan.

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To sign for it yourself you must be 18.

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The amount you owe on your old car is added to the loan on the new car,and that finance company is suppose to pay off your old loan.

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you need to be 18 to get a auto loan,and then you would most likely need a co. signer.

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Either: 1) A co-signer with excellent credit and the capacity to repay the loan should the 18 year old fail to do so -OR- 2) Cash collateral (someone who will pledge a CD in the amount of the requested loan as collateral)


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