I am 18 years old – can I get a loan?

Answers

• At 18 years old, you can legally take a loan but there are other factors that can influence if the loan companies will give you one. Firstly, you must have a source of regular income that shows you are able to pay back the money you are borrowing. The loan company will often want to see that you have a good credit record, or at least not a bad one, and that you have a bank account in your own name. They will sometimes want to check that you have reliable contact information such as a landline or mobile to ensure they can contact you if there are any problems.
  By Cred24, 2014-08-23 01:44:33