______
Printable View
______
In this economic climate, I'm willing to bet even Bill Gates is having a hard time securing personal loans. You may just have to wait it out for a few years. Student loans do offer payment deferments for financial hardships, so contact your student loan companies and request a deferment for 12 months.
This should at least take some of the pressure off.
In Australia you repay your student loans from your tax only if you're working in Australia - foreign students use to exploit that to study here and then go work back home. Is it similar in America?
I hadn't intended to post much in DD until my relocation issues were 'under control', but this thread raises an extremely important point which potentially applies to all dancers.
Again not wanting to swing too far towards the political in DD, but for a fact every action that is taken by the US gov't which 'helps' financially troubled subprime mortgage holders, financially troubled credit card account holders, etc. essentially does so at the expense of creating greater losses for the banks and/or bondholders who originally extended the credit that made such loans possible. So while this may indeed make life a bit less problematic for people who already have subprime mortgages and subprime credit card accounts, in turn it will make life MORE problematic for people seeking new subprime mortgages and subprime credit card accounts. Similarly, new US gov't regulations upon banks / lenders regarding verification of incomes of loan applicants, regarding 'worst case scenario' repayment ability analysis of loan applicants etc. force banks / lenders to treat all self-employed persons as subprime since they do not have a regular paycheck from which their income can be verified. The situation is even worse for 'strippers' because banks / lenders do realize that, as part of the 'adult industry', future income potential is both subject to new legislation / law enforcement, as well as 'depreciation' with age ( i.e. it's highly doubtful that a 'stripper' seeking a 30 year mortgage will still be dancing 29 years from now to allow her to continue making payments). I will also add that, just like the insurance industry is able to apply high insurance premiums to ALL males under age 25 based on the poor driving records of a few, the banks / lenders are also able to apply high interest rates (or low loan approval rates) to ALL 'strippers' based on the poor financial history of a few.
With that in mind, given the direction that the US gov't is pushing banks / lenders, you need to face the fact that as a 'stripper' you have essentially no chance of being approved for any sort of new 'unsecured' loan. Dancers also need to face the fact that the odds of being approved for a 'secured' loan (i.e. backed by the collateral of a house, a car, a secured credit card etc.) are low to begin with, and will also carry a very high interest rate and very high down payment requirement if approved.
^^^
In short, YOU'RE FUCKED.
Instead of trying to borrow from Peter to pay Paul, you got to figure out how to make some money.
Thank you, this information is very helpful. I have taken a break from stripping and Im getting a bartending job for a year or so. Do you think a paycheck will help my situation?/:O