Started By
Message
re: USC fan calls out Bama recruiting tactics
Posted on 1/29/17 at 3:41 am to Evolved Simian
Posted on 1/29/17 at 3:41 am to Evolved Simian
For those of you who do not know this - Anyone can apply for a bank loan using assets or "future" assets as collateral. A kid projected to be an NFL player can walk into any bank and negotiate a loan based on his NFL draft status. FACT.
3
Posted on 1/30/17 at 7:07 am to 12thFairway
quote:
For those of you who do not know this - Anyone can apply for a bank loan using assets or "future" assets as collateral. A kid projected to be an NFL player can walk into any bank and negotiate a loan based on his NFL draft status. FACT.
it's not anyone. Believe it's projected top 3 draft rounds. So that would take out freshmen, and sophomores from your "anyone" fact.
This post was edited on 1/30/17 at 7:08 am
Posted on 1/30/17 at 8:01 am to 12thFairway
quote:
For those of you who do not know this - Anyone can apply for a bank loan using assets or "future" assets as collateral.
This is wrong. Commercial lenders sometimes lend on accounts receivables, or if someone gets a new job the salary will be applied to the debt to income ratio. And yes anyone can legally apply for a loan if you're the legal age of obtaining credit (varies by state), however you're likely to be declined and the chances of an 18 year old having a credit score or history is extremely unlikely.
Posted on 1/30/17 at 8:03 am to 12thFairway
quote:
For those of you who do not know this - Anyone can apply for a bank loan using assets or "future" assets as collateral. A kid projected to be an NFL player can walk into any bank and negotiate a loan based on his NFL draft status. FACT.
Except it's against NCAA rules and said player would be ineligible
Page 1 of 1
Popular
Back to top
Follow SECRant for SEC Football News