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loan before joining job

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nathan

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0.10 Dollars($)

PostPosted: Tue Jul 04, 2006 5:11 pm    Post subject: loan before joining job

Currently I am not employed but have got a job with a joining date next month. Can I get a loan now or have to wait till my pay?
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Rhonda

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0.10 Dollars($)

PostPosted: Tue Jul 04, 2006 5:25 pm    Post subject:

Lenders don't look at any future criteria. Your past records like credit reports are checked while approving a loan.
 
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Joined: 21 Oct 2005

Posts: 1138
Location: MARYLAND


137.64 Dollars($)

PostPosted: Tue Jul 04, 2006 5:30 pm    Post subject:

Hi Nathan,

It depends on the lender but most likely you need to wait to get approved for a loan. In most places you will find verification of your income is required to approve a loan.

Lenders normally will require at least 6 - 24 months of work record and income verification before approving you for the loan.

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