Getting a loan for LL

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Ciekawe jak go splacisz XD
Robota w DE? Nie rób żartów

I neither work in manual jobs or through agencies.

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Well so how much overall u make per a year?

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Almost 40k per annum.

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Quote from: TheMagicalBlueEye on April 23, 2019, 03:16:24 PMAlmost 40k per annum.

With a 40k job you should easily be able to take out a 50k loan. You'll just need to show your payslips for the whole time you've been working so they can see that you have a stable job. You'll also need to prove that you will still have your job when you're back from surgery. That way they know you're capable of paying off the loan.

You'll be able to pay it off in less than 5 years. Just save 1/4 of your salary each year.

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OP, I'm not sure if you were asking about specifics, but I applied with about 4 different personal loan providers in the same day. This probably only helps people who are in the U.S. because most of these providers require a U.S. address. I applied for >$50k, with approximately a 4 year term. From best rate to worst rate according to interest rate/APR:

1. SoFi. They offered 8%
2. LightStream (Suntrust). They offered 9%
3. Wells Fargo. They offered 11%
4. Prosper. They charged an expensive (maybe 2%?) origination fee and only issue loans up to $50k, so I didn't even bother.

I went with LightStream because I didn't know the APR of SoFi. SoFi wouldn't tell me the rate unless I gave them my bank information to automatically deposit the funds. I wasn't about to automatically agree to the loan without them telling me the APR! On the other hand, the process with LightStream was great and they were very upfront/honest about everything. It wasn't until after I took LightStream and the SoFi loan expired that I found out the APR on the SoFi loan. That is frustrating, but oh well. I suppose I can always refinance after a couple years. Something else to know is that LightStream will beat any other offer by .01% APR if you do a "Rate Beat" PRIOR to funding the loan.

From what I've read, you need a high credit score for SoFi and LightStream. They weigh your credit score more than other factors, but you'll definitely need proof of a good enough income.

Hope this helps!

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In my country,I can only sacrifice my house for only $70k...So that's a long way to clinics like Paley's
I’d like to collect money for LL straight.I don't like the feeling 'f being in hurry to repay debt

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Quote from: verticalpush on May 04, 2019, 12:41:23 AMFrom what I've read, you need a high credit score for SoFi and LightStream. They weigh your credit score more than other factors, but you'll definitely need proof of a good enough income.

I agree with this, I applied for a loan with Sofi  and I made good money, but my credit history is not long (good score just not a long history). They only offered me a maximum of 25,000$. It's actually 23,000$ something after fees, and of course I need to take some of that and put it aside so I have money for the monthly payments until I can work again. So it's only about 17,000$ I can actually apply towards my LL.   

Quote from: GrowTow on April 23, 2019, 07:08:13 PMWith a 40k job you should easily be able to take out a 50k loan.

I'll admit I'm an amateur at this but I'm sure you need an extremely long and rock solid credit history to get an unsecured cash loan in the amount that is more then what you make annually. If there is a way to make this happen I would get LL tomorrow. I'm currently finding ways to improve my credit situation I'll try to make a thread about what I find out so others can position themselves better to get a loan for LL

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Hey mate, how did you go with the loan and surgery? I'm also from Australia and very interested in how you're going as we have a pretty similar situation. Hope everything went well and if it hasn't happened yet then best of luck! PM me if you prefer. Cheers mate

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Quote from: Rb137 on April 23, 2019, 02:29:29 PMI'm partly funding my CLL with a loan. For me to undergo stryde on femur's with Dr. Giotikas it will cost me around $70k AUD for the surgery alone so I took out a $30k AUD loan and the rest ($40k) will be what I have saved up for it. I think it's a great option as you can get the surgery done when you are younger and able to recover quicker, recover and move on with your life at your new height quicker etc.

There is also the chance that Giotikas could increase his prices over the coming years and his stryde package at the moment is extremely good value so I want to lock that price in. 

Let me know if you need any advice.

Hey mate, how did you go with the loan and surgery? I'm also from Australia and very interested in how you're going as we have a pretty similar situation. Hope everything went well and if it hasn't happened yet then best of luck! PM me if you prefer. Cheers mate