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You are 16 can you take out a loan?

Anonymous

∙ 17y ago

Updated: 9/14/2023

No. You must be at least 18 to sign a legal contract. Or you can get someone of age to co-sign the loan.

Wiki User

∙ 17y ago

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Can a 16-year-old take out a small loan for about 300 dollars?

No, not by him/her self. If the lender will agree to doing the loan at all, a co-signer 18 yrs. or older would be needed. 16 is not of legal age.

Can you take a loan from an IRA?

No, you cannot take a loan from an IRA.

Can you take a loan from your IRA?

No, you cannot take a loan from your IRA.

Can you take a loan out of an IRA?

No, you cannot take a loan out of an IRA.

Can you take a loan out of your IRA?

No, you cannot take a loan out of your IRA.

Related Questions

Can a 16-year-old take out a small loan for about 300 dollars?

No, not by him/her self. If the lender will agree to doing the loan at all, a co-signer 18 yrs. or older would be needed. 16 is not of legal age.

Can you get a loan if I am 16?

No

Can a sixteen year old take out a loan?

of course there is a way to get a loan. but you have to be woriking or have a way of income. there r alot of ways and it also helps you build your credit.((: of course there is a way to get a loan. but you have to be woriking or have a way of income. there r alot of ways and it also helps you build your credit.((:

Can you take a loan from an IRA?

No, you cannot take a loan from an IRA.

Can you take a loan from your IRA?

No, you cannot take a loan from your IRA.

Can you take a loan out of an IRA?

No, you cannot take a loan out of an IRA.

Can you take a loan out of your IRA?

No, you cannot take a loan out of your IRA.

Can you take out a loan on an IRA?

No, you cannot take out a loan on an IRA.

How do you get car loan if we doesn't have form 16?

GO for personal loan

Can I take a loan from an IRA account?

No, you cannot take a loan from an IRA account.

Can you take a loan from your IRA account?

No, you cannot take a loan from your IRA account.

Can you take a loan against your IRA?

Yes, you can take a loan against your IRA, but it is not allowed by the IRS.

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