Question by Adam: Question about my personal loan application.?
I have no credit, and when i say i have no credit, i mean that i literally have NO credit, good or bad, i’ve never had to make payments on anything or do anything that would make my credit go up or down. I just got my first job 2 months ago, saved up about $ 1,000 (my income is around $ 1k a month), but I need about 900 more, I went to my bank today and applied for a personal unsecured loan for $ 900 but i’m curious if i actually have a chance of being denied the loan? I have been living in the same place for over a year, and working for 2 months like I said…
I also have no bills or liabilities of any kind, no payments to anything. anyone think theres a chance i can be denied just because i have no credit?..i mean no credit is better than bad credit to the lending bank right? I bank at Harris Bank, and that’s where i’m trying to get the loan. Also, do you think they would take into account the $ 1k i have in the bank right now? Because i mean.. its not like i have $ 50 and asking for thousands of dollars..
I posted this question earlier, but everyone that answered seemed to think that i had bad credit and couldnt get a loan anywhere, when that wasn’t my question at all.
Any help would be great 
Thanks for your time,
-Adam
Best answer:
Answer by Baby boy due March 7, 2010
I really don’t think you will be approved unless you have a cosinger, you have only been at your current job for 2 months and like you said you have no credit which actually is almost worse than bad credit because they don’t know at all how you will be with money.
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