loans

[xLSTONEx]

so im thinking about trying to get like a personal loan, but i dont know about it...

1. is there a minimum amount on a personal loan
2. would they need a down/colateral
3. if i paid off a motorcycle with the personal loan, could i infact OWN the motorcycle, and get the cheaper insurance
4. what would the payments look like?

keep in mind, i have never gotten a bank loan. however, i have about a year of perfect credit card payments, never late.

First you sound way to young to get a loan if you don't know any of these questions.

1. usually no minimum to a personal loan, but you're not gonna go in there and ask for a 100 dollar loan, that would be stupid.
2.ITS A LOAN FOR MONEY, WHY WOULD YOU NEED TO PUT MONEY DOWN? ANSWER IS NO.
3. You would own the motorcycle since there would not be a lean on it through the bank.
4. Depends on how much the loan is and what the interest rate is.

To me if it sounds like your not going to take out that much just get a cash advance on your credit card. Which means you will get cash for however much you need up to the max amount on your credit card and you can just pay it off as you go like a big credit card payment.
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