Expert: Joe Montgomery - 5/30/2007

Question
i wanted to know how i can get a personal loan for around 5000 or maybe 8000. my credit score is fair and it should be arouynd 690. is there any way i can get a loan. i always have a job.

Answer
Hi Dante,
From what you've told me so far, it looks like you should have no trouble getting a loan.  A loan officer at a local bank should be able to help you get all the information together you would need to apply for the loan.  Just so you'll know, a loan over $5,000 is going to be a little tougher to get because there is a lot of risk for a bank with that kind of loan without collateral such as a home or car, so be sure to have all your information together when you apply for the loan.  They'll want to know how much you make, what your other bills are, and rent, just to make sure you can pay back a large amount of money.
Give them a call, and good luck.