Cryptocurrency Q&A
Can I get a loan if I already owe one?
Can I get a loan if I already owe one?
CryptoLord
Mon Oct 28 2024
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5 answers
1009
I am wondering if it is possible for me to obtain a new loan even if I currently have an existing loan that I am still paying off.
5 answers
Sara
Wed Oct 30 2024
Borrowers have the flexibility to take out multiple personal loans from a lender.
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Caterina
Wed Oct 30 2024
There are no set rules restricting individuals from acquiring more than one loan from the same financial institution.
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CryptoMagician
Wed Oct 30 2024
Some banks assess a borrower's creditworthiness based on factors such as their credit score, employment history, and income.
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MysticRainbow
Wed Oct 30 2024
Depending on these evaluations, banks may permit individuals to have multiple loans.
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EchoSolitude
Tue Oct 29 2024
This means you could potentially obtain several loans from the same lender or spread them across different lenders.
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