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Obtaining a loan.
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<blockquote data-quote="staypuff" data-source="post: 4192849" data-attributes="member: 578386"><p>at $125 per week in earnings there is no bank in the world that will grant you a loan that i know of..... the formula they go by is your credit rating plus your debt to earnings ratio...... even with a bad credit rating a bank will grant you a loan if the item you are willing to purchase is equitable... or if you earn much more than you owe..... many banks like you to earn double the amount that you owe..... for a smaller loan like that they would like you to pay it in 24 months or less...... they also take into account the depreciation of the bike and insurance that you need to pay..... at $125 per week i'd be surprised if you could afford the insurance and gas along with the payment.... let alone double the amount.....</p></blockquote><p></p>
[QUOTE="staypuff, post: 4192849, member: 578386"] at $125 per week in earnings there is no bank in the world that will grant you a loan that i know of..... the formula they go by is your credit rating plus your debt to earnings ratio...... even with a bad credit rating a bank will grant you a loan if the item you are willing to purchase is equitable... or if you earn much more than you owe..... many banks like you to earn double the amount that you owe..... for a smaller loan like that they would like you to pay it in 24 months or less...... they also take into account the depreciation of the bike and insurance that you need to pay..... at $125 per week i'd be surprised if you could afford the insurance and gas along with the payment.... let alone double the amount..... [/QUOTE]
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