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Loan at 17?
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<blockquote data-quote="squeak9798" data-source="post: 4410327" data-attributes="member: 555320"><p>//content.invisioncic.com/y282845/emoticons/word.gif.64b12e39f936af3b4fff38a1c0bd0244.gif</p><p></p><p>No (decent) bank will allow a 17yr old to sign on a loan.</p><p></p><p>Though I would highly recommend both your friend and his parents rethink this. $15k is a big loan and relatively big payment for someone with (likely) virtually zero financial responsibility, experience or obligations. Parents are always okay with cosigning for their kids until the kid flakes out and the parents are stuck with another bill they can't pay. Then they get <em>really</em> pissed off when their wages start getting garnished @ 25% for their kid's debt which was originally for a vehicle that nobody in the family owns anymore (since it got repo'd).</p><p></p><p>Yeah, seen this one play out a time or two.</p></blockquote><p></p>
[QUOTE="squeak9798, post: 4410327, member: 555320"] [IMG]//content.invisioncic.com/y282845/emoticons/word.gif.64b12e39f936af3b4fff38a1c0bd0244.gif[/IMG] No (decent) bank will allow a 17yr old to sign on a loan. Though I would highly recommend both your friend and his parents rethink this. $15k is a big loan and relatively big payment for someone with (likely) virtually zero financial responsibility, experience or obligations. Parents are always okay with cosigning for their kids until the kid flakes out and the parents are stuck with another bill they can't pay. Then they get [I]really[/I] pissed off when their wages start getting garnished @ 25% for their kid's debt which was originally for a vehicle that nobody in the family owns anymore (since it got repo'd). Yeah, seen this one play out a time or two. [/QUOTE]
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