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Would it ever be a good idea to take out a loan

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Money Talk > Credit & Loans

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nychelp
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Would it ever be a good idea to take out a loan  Reply with quote  

to help you move to a different city? I have a few job opportunities in NYC, and I'd like to move there soon. However, I have limited funds at the moment. By the time I move (around 11/1), I will probably have enough saved to pay first month's rent and a deposit. I'm confident that I will find a job fairly quickly, but it's certainly not a guarantee. I have basically no debt (a little bit left on a credit card that I never use and can most likely pay off before I move). I'm not talking about a huge loan, maybe $3000. And I may not even need to use it, I would just like to have a cushion in case I'm out of a job for a month or two.

Sorry if this isn't a good place to ask this question. I don't know anyone with any experience in this area.
Post Fri Sep 14, 2012 5:19 am
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coaster
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This is the proper place to ask that question. Smile

~Tim~
Post Sat Sep 15, 2012 6:22 am
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Tylertim
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If you have a good job, you can easily get a instant loan from online. Some of the lending companies are providing immediate finance with minimum interest rates. If you need some urgent finance, they will help you and provide you instant financial assistance. Because there are many lenders are offering short term loans around the online world but you can try to choose the best lender who can offer loan with minimum interest rates.
Post Sun Sep 30, 2012 2:27 am
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Destiny
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If you ask anyone for personal finance or about taking out a loan and the most common answer is likely to be “No, don’t do it”. There are plenty of stories about people spending more than their income and resorting to loans to plug the gap. The stories hardly ever end well. The conclusion many come to is to avoid loans wherever possible. However, using loans can be a great way to achieve your goals -as long as you understand the consequences and weight up the benefits and costs.
Post Wed Oct 03, 2012 2:20 pm
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littleroc02us
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What happens if you move to NYC and you don't find a job? I would wait and save up a huge EF fund like a years worth of what you think would be relative to the salary you would make and then go on to NYC and live your dream with more security. This is just advice from a low risk taker who is successful financially. Smile

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Wed Oct 03, 2012 3:57 pm
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pietro84
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loans  Reply with quote  

Never take a loan if u dont have any income, it is very dangerous.
Post Mon Oct 29, 2012 5:11 pm
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coaster
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mod's note  Reply with quote  

quote:
Originally posted by pietro84
u


Please use standard English spelling.

~Tim~
Post Tue Oct 30, 2012 6:08 am
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cash-advance-america
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Is better if you wait until you find a job but of course if you really need a loan now then take it.
Post Tue Oct 30, 2012 4:42 pm
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moren
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Hi  Reply with quote  

If you need some urgent money, you can easily get a loan from private online lenders. Most of the online lenders are offering short-term loans with minimum interest rates. If you get delay in bank loan processing, it is better to apply online loans to meet your urgent money needs quickly.
Post Sun Dec 30, 2012 3:38 am
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