Loan Help and advice

[la0michael]

Hello All im in dire need of a loan of about 7,ooo

For a used motorcycle, i work in construction and i make about 1,200 a week,
with that abount weekly i could really hammer down on the loan easily,
no kids extra bills or debt and the rent i pay is only 200
i have no credit AT ALL i have just just started to get some, which should kick in next month
i will lose my job if i cant travel (we travel state to state for work )


what are my risks? Do you think its possible to get a no credit needed loan?

[Fishindude77]

Assume you already have an automobile to get yourself back and forth to work?
If that is the case, then the motorcycle is simply a luxury, or TOY that you can live with or without.
I would never recommend borrowing money for a TOY. Buy it when you can pay cash and all other finances are in order.

If you are thinking of the motorcycle as a primary means of transportation, that is a bad move.
Although they are cheap on fuel, motorcycles are no fun and dangerous in bad weather, plus you can't haul many tools.

[disneysteve]

i have no credit AT ALL i have just just started to get some, which should kick in next month

I don't know what you mean when you say your credit will "kick in next month".

If you are making $1,200/week and have minimal expenses, why can't you just buy something outright? Don't spend $7,000. Spend a couple thousand on something cheap for now just to get you where you need to go. Then save up and upgrade when you can.

Do you have anything in savings?
How do you currently get to work?