No judging please but how hard is it to get a loan from your bank? We don’t have the best credit maybe 620 but don’t have any debt, we do live paycheck to paycheck though and obviously the bank sees that so I wasn’t sure if I should waste my time with it or not. I know it’s interest but at least it will also build my credit right? Thanks!
2 Likes
How much and what for 
2 Likes
620 is a decent credit score look for a local.credit union
1 Like
Narcissistic projection is an ego defence mechanism used by the narcissist to avoid suffering further narcissistic injury… equip yourself and understand why they do the things they do and it most reason why I recommend this trustworthy and reliable professional cyber expert who can get you text messages, call logs, social media accounts, clouds, deleted files and live activities without being noticed. Send a message by searching @Williamswilson28 on telegram
Do a pre-approval test first. You enter your credit and income info and it tells you if you’re likely to be approved and for how much. Shop around tho for good rates. You’re not obligated to use your bank just cuz they’re your bank.
If youre wanting to build your credit get a secured credit card with $100-$300 limit.
If live paycheck to paycheck and have no debt maybe a loan is not the best option , it makes sence if you want to consolidate your debts and just have one reduced payment, but getting a loan might cause you to struggle financially a little more when the money is gone .
Also , you do not have to do it through your bank just because you have a account with them , you can check other banks , credit unions or finance agencies for example. And depending on what you need the money for you can try a credit card
3 Likes
Go to a credit union they are better hands down and usually will work with you. Some hands loans that help boost your credit
Depending on the bank. But u could do even $500 or $1000 and just use that money to pay back the loan and obviously some will have to come out of your checks but it would be a start. I’m not sure where u are but my bank (covantage) was amazing helping me. Gave me a credit card $500 limit (with 0 for a credit score) and a loan for $3000 when my credit score was 550 from using and paying the credit card. They even had someone that would reach out now and then and see if I needed anything else.
If you are only looking to build your credit and don’t actually need the loan- a better option would be to save a little bit of money and get a “secured credit card”. With that you give the bank the amount of money you want your credit limit to be. For example say $300. You can spend up to $300 on that card every month and then either make monthly payments (with interest) or pay it off completely just like a regular credit card. After a year, you get your original deposit (the $300) back and then it is just a regular credit card. You can then apply for a credit limit increase if you want. But that whole year helped build your credit