any one know a college loan for nursing students here in the philippines?

we need about 60t for my son’s connection fee
a crony referred to the non-collateral micro-finance.
only to find out the word “non-collateral” is not right. the intrigue goes similar to this
to get my loan
I have to open the checking account
issue postdated checks analogous my report of payment

is it legal?
shall i take this?
will it not serve my screwed-up finances?

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Comments

  1. On July 31, 2010 mystery moo says:

    unfortunately we dont have Fafsa here..

    what my mom and dad used to do, loan from a bank or loan from the company where my dad used to work.. check your bank if they offer this kind of help and if you can qualify.. Question the Hr Dept where you are currently working, its a salary deduction.. Also, if you are a member of Pag-ibig or SSS, they have this salary loan you can avail..

  2. On July 31, 2010 jamesinna says:

    none that i know of. you can turn to usual lenders, banks, coops, microfinance, private lenders etc. some schools have student loans. anyway 60th would be a huge amount and you may need to have a collateral or at least a credit history with the lender you would deal with.

    microfinance requiring pdc is usual procedure. its legal but not necessarily moral. microfinance are supposed to help the poor but they really charge higher than banks.

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