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Bank Loans
Last Post 22 Jan 2013 08:41 AM by bdcunningham94. 3 Replies.
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bdcunningham94User is Offline
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bdcunningham94

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22 Jan 2013 08:24 AM

       Im sure this has ben asked before but i went pack 15 pages and didnt find it anywhere. I took a loan out from the bank for $7,000 back in July. I have ben paying double payments and never have had a late payment. but will this in anyway keep me from enlisting untill it is paid off?

    Old Guard2User is Offline
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    22 Jan 2013 08:32 AM
    No, that will be fine. Just make sure it doesn't get overdue! If you are making double payments, you'll be pretty close to that zero mark by the time you get through the whole process.
    Sector NY, Staten Island
    GearsUser is Offline
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    22 Jan 2013 08:33 AM
    No. As long as the loan is current, and you're within the 30% for Active/80% for Reserve Debt to Income Ratio you should be fine.
    “I’m not in this world to live up to your expectations and you’re not in this world to live up to mine.” ― Bruce Lee
    bdcunningham94User is Offline
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    bdcunningham94

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    22 Jan 2013 08:41 AM
    OK thank you! If i keep going with double payments ill have it paid off by June! But i doubt ill have the whole process done by then any way.
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