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  #1  
Old 01-30-2009, 04:27 PM
Steven Steven is offline
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Default Can I get a credit line?

If I need a credit line for let say $20,000 would there be a Canadian bank willing to give me one?
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  #2  
Old 02-02-2009, 04:10 PM
Canadian Canadian is offline
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Quote:
Originally Posted by Steven View Post
If I need a credit line for let say $20,000 would there be a Canadian bank willing to give me one?
Why don't you call your bank and find out? Just talk to sumebody toi get the feeling what are your chances, before actually submitting a credit line application.
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  #3  
Old 02-04-2009, 05:12 PM
trent trent is offline
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This will depend on many things like your current debt load, your credit rating, your job security, etc. The thing that doesn't depend on you - the economy is already in bad shape so this wouldn't help your chances of getting a credit line.
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  #4  
Old 02-05-2009, 01:12 PM
Canadian Canadian is offline
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Steven,

I'm curious did you talk to your bank about the line of credit?
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  #5  
Old 02-09-2009, 04:12 PM
Steven Steven is offline
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I've actually applied for a credit line with RBC last week, and I'll let you know if I'm approved.
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  #6  
Old 02-12-2009, 02:27 PM
bullish bullish is offline
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So did you get approved for the credit line? Royal Bank is the biggest Canadian bank and I doubt you'll have problems getting approved.
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  #7  
Old 02-23-2009, 03:22 PM
Canadian Canadian is offline
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So did you get approved for the credit line? Royal Bank is the biggest Canadian bank and I doubt you'll have problems getting approved.
The bigger the bank, the bigger the trouble nowadays .
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  #8  
Old 10-06-2009, 08:09 PM
bigeddy15 bigeddy15 is offline
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I recently turned 19 and was approved for a $20,000 dollar line of credit. I dont actually need it for anything. I simply borrow 10,00 dollars the odd weekend and then put it back in my account to show i have good spending habbits. This will slowly stack up my credit rating. The interst is accumulated yearly also so it might cost me $10 dollars at the most to do. Hope that gives ya some inspiration!
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  #9  
Old 10-08-2009, 04:13 PM
trent trent is offline
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Originally Posted by bigeddy15 View Post
I recently turned 19 and was approved for a $20,000 dollar line of credit. I dont actually need it for anything. I simply borrow 10,00 dollars the odd weekend and then put it back in my account to show i have good spending habbits. This will slowly stack up my credit rating. The interst is accumulated yearly also so it might cost me $10 dollars at the most to do. Hope that gives ya some inspiration!
I'm not sure how exactly are FICO scores calculated, but using half of all your available credit, when you don't actually need it might hurt your credit score. If I were to do something similar I would borrow no more than 30% of the credit line at any given time.
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  #10  
Old 12-06-2009, 10:08 PM
Rickson9 Rickson9 is offline
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Originally Posted by vionula09 View Post
i need a 1000 loan, but my credit isnt pefect. i was wondering if anyone knows a place where i can get a loan quickly that is not a payday loan
Russell Oliver?
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