Sep
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Can an Australian citizen get a unsecured business loan from the USA to try and benefit from the better rates?
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Looking to get a loan for a business investment opportunity but with the rates for unsecured loans around 15% in Australia it makes the investment a little bit more risky than it needs to be. Is it possible to benefit from the lower rates overseas if you can prove a good capacity to pay that loan?
Any replies much appreciated.
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1 Comments
April 10th, 2009 at 11:52 am
We are experiencing banks in the US going under because of bad morgages. The credit supply is very tight now. the US government is going to bail out banks with trillions of dollars to get lending flowing again. It is unlikely that you can get an unsecured loan in the US.
Australian credit history is not valid in the US
Joseph MBA