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If you have a loan with a bank already can you ask them for more money on that loan?

Nicholas Rivera

in Student Loans

1 answer

1 answer

Ross Pratt on July 4, 2018

Response . If this is a long term loan (fixed payments for a fixed term, fixed rate, etc - ie, not credit), you will need a new loan. The new loan will Fund the old loan in General and the additional amount of business.. If you have a lot of business with the Bank, in particular, and consider that a valuable customer, they will pull the rope to keep you happy, and in some cases may provide additional which loan, but this is very rare.. If we are talking about a line of credit you can draw on it as needed.

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