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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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Wiki User

14y ago

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How do you add your child as joint tenant to your home loan?

How do you add your child as joint tenant to your home loan


Is it possible for me to obtain a loan in my child's name?

No, it is not legal or ethical to obtain a loan in your child's name without their consent.


What happen if a parent dies and they gave the house to there child and took a loan on there home for repairs what happen to the balance of the loan?

the child continue to pay the loan of her his parents


Is it possible to obtain a loan in your child's name?

No, it is not legal to obtain a loan in your child's name without their consent and signature, as they are not legally able to enter into a contract for a loan.


Can you get a loan on child tax Benefit?

Try loan express or cashx!


Can you put your minor child on auto loan?

No. They have to be 18, to be on any kind of loan


Can a representative payee for a social security disabled child get a loan on the child's disability check?

No, a representative pay will not be able to get a loan for a child's social security disability check.


How do you Transfer a plus loan to child?

Parent didn't sign Masters Promissory note so it is technically not the parent's loan or responsibility right? Because of this, can a Direct PLUS loan get transferred to the child if a mistake was made in the loan process?


Can your child get a student loan if you have bad credit?

NO


What responsibilities does a parent borrower have when taking out a student loan for their child?

When a parent borrows a student loan for their child, they are responsible for repaying the loan in full, including any interest that accrues. They must make timely payments to avoid defaulting on the loan, which can negatively impact their credit score and financial stability. Additionally, they should stay informed about the terms of the loan and communicate with their child about the repayment plan.


Can child support garnish your student loan in Pennsylvania?

No. Child support is based upon the non custodial parent's income. A student loan is considered a debt.


What if you co sign for a school loan for your child and the child defaults and does not pay for loan forcing the co sign to pay for the loan do you have any recourse to take against child?

I would assume it's just too bad for you. Didn't you understand what you were getting yourself into when you co-signed?