Cash Advance iPad Loan for Teen in San Antonio – Bexar Cty
This cash advance application is for a teenager who is 15 years old, and wanted to know if teens can borrow cash advances as long as they have a job. He wants to borrow $1000 to buy an iPad for school (and for fun). He has a part time evening and weekend job at McDonalds restaurant located San Antonio, TX – San Antonio is located in the Bexar County area of Texas. He has been working there for two years.
He needs this cash advance he claims because the iPad is for learning, and having a good education is critical (in his words). His part time job at Mickey D’s is paying him $300 a week at 4 weeks in the month. So he is working hard to make sure his paychecks are between $1000 and $1200 a month. We applaud this 16 year old for working so hard and also having a goal of getting an education. The iPad will help him to some extent depending on how he uses the device. If it is only used for social networking which he talks a lot about, we are concerned that he might not benefit very much from having this device from an educational perspective. We urge him to really think this through and stay focused on getting a good education.
The iPad he wants is the best of course with an MSRP of $699. He would be better off applying for a $700 payday loan to afford his iPad, but unfortunately there is nothing he can borrow. He is also making $1200 a month approximately and just needs to wait a couple of weeks and he will have more than enough to pay for the iPad. In fact after only one paycheck, he would be able to afford some of the cheaper models of iPad’s and saving for two paychecks will allow him to buy the one he wants. He also needs to budget for internet access unless he plans to use free WiFi that is available at many locations. If he plans to use his iPad at home he will need to have WiFi available at home and it sounds like his family does not have the money to afford this additional expense. He may be buying into more expense than what he can afford.
He also asked about credit ratings and if it was a good idea to have one. As adults we all need to have an excellent credit rating which allows us to borrow money when we need it for competitive interest rates and terms. You gain a credit rating by having one or two credit cards, always repaying the balance in full every month, as well as borrowing money and then repaying the loan on time with every monthly payment paid on time. There is much more to maintaining a good credit rating however the above sums it up pretty well.
Payday lenders are not allowed to give loans to minors in Texas, and most States have the same, or similar, laws on the books for the protection of all minors from predatory lending companies. In addition some of his answers to the questions really demonstrate that he does not understand the power of the internet and why it is important to protect the privacy of individuals. Consumers should never provide bank information online or social insurance numbers in an unencrypted format to prevent other consumers from learning this information.
Teen Wants Payday Loan for iPad in San Antonio of Bexar Cty
Payday Loan Amount :: $1000
Payday Loan Speed :: One Hour PDL
What State do you live in? :: Texas in Bexar County
What City/Town and County do you live in? :: San Antonio Texas in Bexar County
Zip :: 78203
Active duty military personal? :: No – I’m just a kid at 16 years old.
What is your employment industry and how long in this field – detail please? :: Mcdonalds for 2 years and I work in the fry station. I plan to work here until I finish high school and go on to college.
Employment Position :: French Fry Station
When are you paid? :: Every two weeks
What would you consider your credit rating to be – excellent, great, good, fair, bad? :: I don’t know what my credit rating is. I probably do not have a credit rating since I am so young. Is this a good thing to have?
How did you find us? :: Net
Bank name :: Bank of America – Military Highway Branch
How are you paid? :: With paper paycheck
Gross Amount Per Paycheck :: $500-$600 every 14 days depending on the month of the year.
$1000 Dollar PDL Bexar Cty, Texas Near San Antonio
Do not include ABA or bank routing numbers here. This is for your personal security. Do not enter social security numbers here. Do you agree to have this application information published online with your PRIVATE info removed? :: Yeh – no probably, does it really matter?
Any extra information here please:: I am honest and really need this iPad. All of my friends have one. Their parents bought their iPads, but my parents just cannot afford to buy me one, so I have to buy my own. I am a little envious of my friends and really would like to have one of these devices so that I can chat with my buddies and search the net. The camera will be cool as well and I will be able to take pictures with the iPad as well. I do not have a camera either. We are really quite poor.
Note to Lender – Please add any information you are comfortable with sharing regarding this loan :: I will tell my friends about you.
Have you ever defaulted or bounced a check with a payday cash advance loan in the past? :: No, I have never even had a loan before. This will be the first time I will have applied for a loan and so I will need some help understanding my obligations, how much the loan will cost me and how it is calculated. I really want to get this iPad as soon as possible. All of my friends are talking about various web sites they have been too and chatting with some of the girls at school at night. I am really missing out on a lot of the social interaction that is taking place online. I just have to have one of these right away and really need that cash advance loan.