Questions on bank loans

[mustang17]

All good points. I may have to rethink my plans.

Mach 1- Why not go in debt to build a motor? I go into debt from spending so much a month on bars, dinner out and cigaretts(150 a month!) So, I figure cut those things out in bring in a healthy hobby.

86GT- Did you need someone to co-sign for that loan?

95mustanggt- Debt does suck, but live and learn. I just don't want to get in over my head.

btr- Getting real world experience is just as important as studying.

Do you think the bank will view this as a high risk loan and give me an outragous rate?

Do you think a $2000 dollar loan would be more feasible?

Also, do you think if I put everything on my credit card and paid $600 a month at 14%(I think) would this work out better than a bank loan?

So many things to consider....

Thanks, Eric