I want to get a loan for 2000 at my bank but I have bad credit. i do have a savings account at the bank and i have 5000 in it, will they give me the loan since i have that much in my account? I want to buy a motorcycle but I don’t want to spend that much of my savings.
Yes, if you use the same bank. They will likely require you to keep $2,000 in savings as collateral.
use your savings
bad credit loan for a motorcycle = up to 25% or more in interest. Is it worth paying that much more for the motorcycle? If so, do it. If not, either pay cash or don’t buy it.