- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Need a small, short term loan. Any suggestions for where to get one?
Posted on 4/15/16 at 9:29 pm
Posted on 4/15/16 at 9:29 pm
So long story short, I'm moving to Dallas for the summer and LSU is paying for it, however, they will not disburse the money until a week or so after I move. I need the money far in advance so I can put down a deposit and pay my first months rent.
I need only about $1,000 (I have some money saved). My family cannot afford to give me any and I don't borrow that much money from friends. Does anyone know of any local places in BR that you would suggest to get this amount for a loan? I've never considered borrowing money on line but I will consider that as well. I'd pay it all back as soon as I get my funding from school.
Thanks
I need only about $1,000 (I have some money saved). My family cannot afford to give me any and I don't borrow that much money from friends. Does anyone know of any local places in BR that you would suggest to get this amount for a loan? I've never considered borrowing money on line but I will consider that as well. I'd pay it all back as soon as I get my funding from school.
Thanks
5
Posted on 4/15/16 at 9:35 pm to oncealurker
A credit union. Or sofi will do a personal loan.
Posted on 4/15/16 at 9:38 pm to Golfer
I'll look into Sofi now. Thanks 
Posted on 4/15/16 at 10:43 pm to oncealurker
I'd try Campus Federal.
This post was edited on 4/15/16 at 10:43 pm
Posted on 4/16/16 at 7:52 am to deaconjones35
Why can't you use a credit card?
Posted on 4/16/16 at 7:58 am to oncealurker
Open a credit card, you won't even need the money for a month, so you can have it paid off before you incur interest
Posted on 4/16/16 at 8:25 am to deaconjones35
quote:
I'd try Campus Federal.
I'll second that. I got a $1,500 personal loan in college from them to start building credit. All it took was my signature and I was on my way. If you don't have any credit at all, keeping it open for 6 months or until you get a credit card might be a good idea.
ETA: SoFi also tends to have rather strict lending criteria, which includes a preference for college grads. Other online lenders have origination fees that will make the effective rate pretty crazy if its only for a month.
This post was edited on 4/16/16 at 8:29 am
Posted on 4/16/16 at 10:58 am to txtiger21
Why don't you get a credit card with an intro APR?
Discover, AmEx, Chase and Citi all offer these cards (12,15,15 and 21 months, 0% APR respectively)
Discover, AmEx, Chase and Citi all offer these cards (12,15,15 and 21 months, 0% APR respectively)
This post was edited on 4/16/16 at 10:59 am
Posted on 4/16/16 at 11:20 am to AmeriKop45
Will I be able to get a $1,000 limit?
Posted on 4/16/16 at 12:48 pm to oncealurker
Unsure. Discover, for instance, might start you with a $500 limit as of a few years back. Capital One, from what I'm told, is pretty stingy with credit limits as well.
Posted on 4/16/16 at 12:55 pm to oncealurker
quote:
Will I be able to get a $1,000 limit?
Better chance with Chase, AmEx and Citi than others. Especially if you have had any other CCs. What is your credit score?
This post was edited on 4/16/16 at 12:55 pm
Posted on 4/16/16 at 1:51 pm to oncealurker
maybe hit up the guy who just started the thread about what he should do with $40k.
Posted on 4/16/16 at 4:32 pm to AmeriKop45
quote:
Why don't you get a credit card with an intro APR?
Discover, AmEx, Chase and Citi all offer these cards (12,15,15 and 21 months, 0% APR respectively)
He would probably need to do a cash advance, and the intro apr might not apply to that.
Eta: Nevermind, there are ways around that.
This post was edited on 4/16/16 at 4:34 pm
Posted on 4/16/16 at 4:41 pm to oncealurker
Ever heard of a bank, credit union, loan shark?
Probably should stay away from loan sharks but why is this a question?
Probably should stay away from loan sharks but why is this a question?
Posted on 4/16/16 at 6:18 pm to hbuc88
He's a kid. Unfortunately, nobody teaches personal finance in school so you have to seek knowledge.
Posted on 4/16/16 at 6:46 pm to dj30
quote:
He would probably need to do a cash advance, and the intro apr might not apply to that.
Eta: Nevermind, there are ways around that.
True. You can actually directly pay your taxes with a CC at a 1.87% fee. This translates to $18.70 for a month or an annualized 22.47%. May not be the best option, but the easiest for sure. If you get the Freedom Unlimited you will actually get $150 back as a bonus for meeting the minimum spending. I would do this if you were never planning on getting this anyway because then you can look at this as you coming out on top and ignore the $18.70 fee.
But if somewhere down the line you would've gotten it anyway and If you don't want to swallow that 22.47% pill, you can always do the CFCU "signature loan." Although it does require a little more than just your signature now. But still the easiest and quickest loan to get as it is aimed at students ("thin files") who are trying to build credit.
quote:
Probably should stay away from loan sharks but why is this a question?
We've all been in this boat at one point or another. Or most of us have
This post was edited on 4/16/16 at 6:51 pm
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News