Quote:
Originally Posted by
leftover_salmon 
Hey guys,
I'm going to be graduating college in May and taking a relatively high-paying job at an investment bank ($70k base salary without discretionary bonus, which is not guaranteed but likely to be between 60-120% of salary) in July.
I'll need an apartment and furniture. My offer didn't include a signing bonus so I'll need some startup capital and am considering getting a $15,000 personal loan just before I start working in July so I can buy a bed, mattress, table, chairs, lighting, etc.... I don't want to ask my parents for money because they think I have more than enough squirreled away; however, I lost about 95% of it in bad investments during the peak of the financial crisis last year so I have almost no assets in my name.
My question is, how realistic is it that I can get such a loan? My credit score is excellent (I don't know the actual number but I've had credit cards in my name for a few years and they've just been paid off by my dad) and given my salary and even a modest bonus, I should have no problem paying the monthlies on a $15,000 3-5 year loan. But is the fact I have no assets a major hurdle or only a minor one?
Thanks!
You: Hi! I'd like a loan.
Bank Manager: Sure, what do you need it for?
You: Well I lost 95% of my personal wealth making bad investments, however, I just got a job in a shaky industry and would like $15,000 to fill my overpriced apartment with trendy designer furniture that I will likely need to replace in 5 or so years.
Bank Manger: *turns to computer and opens up solitaire*
