I need help deciding whether or not to get a loan and what loan I should use?

Hello I’m a 19 year old student who really needs to pay off some payments that are coming up in the next 2 months. I don’t have a job, since I can’t find one flexible enough with my school schedule right now and I’ve used all my student financial aid for school because I’m full time and have taken and invested so much money into all my classes. I have no credit history or credit card because I’m still trying to figure out how all that works. So I’ve been looking into if I should get a loan until I can get back on my feet by the end of January when I get more financial aid for the spring semester. I need about 500-1000 dollars to hold me off til the end of January when I can pay it back. I need a loan that doesn’t require credit, a job, and something that I can pay in all in one around January and not do like the monthly payments. I also need something that can give me the loan within a week since I know some loans take a while. I’m super new to this and any advice would be great!

3 Answers

  • di
    Lv 4
    8 months ago

    Take a long hard look around you and sell what you don't need (electronics, clothing, etc.). Cancel subscriptions & services that you don't need. Don't buy ready made foods or drinks - make your food at home & take it with you.

  • Kerri
    Lv 4
    8 months ago

    No bank will even consider approving a loan for someone without a job as well as no credit history. You could get a loan against collateral if you have a vehicle in your name that’s paid off and you have the title. If that’s not an option then I’m afraid a loan is off the table.

  • 8 months ago

    I think you need to find a friend or relative willing to lend or give you the money. Or try a payday loan place. No one else lends money to people with no credit and no income, and banks rarely lend amounts that small. Maybe you can get a credit card and use that, though I don't know if you could get one in less than a week.

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