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finance, friend

Discussion in 'The Pub' at netrider.net.au started by kyro_02, Mar 3, 2008.

  1. hi guys, this is a question on behalf of my friend.

    haven't posted in like, century's . been flat out!

    She is currently on the disability support pension, due to seizures. but that's not the point!

    Can she get a personal loan, of some sort, at all? has anyone successfully got one before with the pension?

    She can get a $500 loan from centrelink, but she needs a little more than that!
  2. Personal loan eligibility is calculated on the amount you want to borrow versus your income and assets.

    If her pension covers the income requirement for the loan she's asking for, then there's no reason why it wouldn't be approved. [edit ->] unless she's been bankrupt or has a dodgy credit rating or something.
  3. Lots of single muvva's wiff there kids can get car loans with their pensions, so your friend should be able to.
  4. Watch the % rate! Some charge over 30% PA.
  5. If she can, she might be more likely to get a credit card approved.
  6. thanks guys, i'll let her know!