loans help: Loans, Good Idea or Bad Idea? - Help.com



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Loans, Good Idea or Bad Idea?

Im trying to finance a used motorcycle, but im young and dont have amazing credit all dealerships are looking for. They all say I need a co-signer or a down payment. Problem is I dont have a co-signer, and dont really want to wait til mid summer to save up my own money to afford a down payment. Since i dont have a co-signer i was thinking about getting a loan for just the down payment. Good idea? Or bad idea?

This open post was written 8 months, 2 weeks ago | V/U/S: 113, 3, 4 | Edit Post | Leave a reply | Report Post


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biaxident offline Verified User (1 year, 5 months) Long Term User Shouts: 1 #
An Unknown Location | 8 months, 2 weeks ago (2 minutes after post)

Bad idea. This line of thinking will lead to debt VERY quickly. Be patient and spend wisely.

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beatricegalant offline Verified User (1 year, 4 months) Long Term User Shouts: 9 #
An Unknown Location | 8 months, 2 weeks ago (39 minutes after post)

Where were you thinking to get a loan from? Friends? Banks? None has any and banks would not give you a penny without a co-signer either. So you would have to just wait.

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