This application was filled out for a student loan. The student in question is looking for some extra class credits by studying during the summer break. He needs $2000, but has only been employed for six months – this can cause a problem because that is not long enough for lenders to feel comortable approving the loan.

As you will see, he needs the extra classes, and his scholarship is aready tapped out.

Type of Loan :: Student Loan

Why do you need a loan? :: I need a loan to help pay for summer classes that aren’t covered under my scholarship grant.

How Much Do You Want To Borrow? :: Over $2000

Length of Employment :: Over 6 Months

Time at Address :: Over 5 Years

Age :: Over 21

Extra Info Here :: I have a son who almost 6 months

Sex :: Male

Marital Status :: Single

Ever Claimed Bankrupcty? :: No – never

What Country is Your Primary Address :: United States

What State/Province is your primary address in? :: Toledo Ohio

Have you checked your credit report lately? :: No

Would you consider your credit rating to be? :: Fair

Collateral? :: No

Down Payment? :: No

Do you a have co-signer or co-borrower? :: Yes

Employment Industry :: I work two jobs – one is at a gym for Parks and Recreation and the other job is with a local moving company.

Because this borrower has two sources of income, and he has a co-borrower, he was approved wihin 24 hours.

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A LOAN CALCULATOR; Enter your loan amount, how many years, the interest rate, and payment frequency (14 for biweekly, 30 for monthly, 7 for weekly. Very helpful so you know exactly what the loan will cost you in interest payments and you will know the total COB (cost of borrowing).

Loan Amount:

Interest:

Years:

Days between payments:
30 for a Month, 7 for Week
and 14 for Bi-Weekly. Easy!