Take a look around you, whether you are at work or at school, and you will see that there are an awful lot of Americans who are in financial trouble right now. The days of wine and roses are all but over for most of us, and even if you ever did have a nest egg saved, it is probably gone by now. More and more people are looking for a way to get a personal loan but just don’t know how to go about it because they have never been in this kind of position before. But the real question is, can anyone get a personal loan?

For the most part, yes, almost anyone can get a personal loan, but there are a few exceptions that go across the board with almost all lenders, both banks and online lenders. First of all, it is important that you are a legal resident of this country if you plan on trying to get a personal loan. An American financial institution will not lend you any money if you cannot prove that you are “legal”, and in most cases that means that you have a driver’s license. If you don’t have a driver’s license, you may be asked for a state-issued identification card, but it may delay the processing of your loan.

Another type of person that will have trouble trying to get a personal loan is anyone under the age of eighteen. Since you legally have to be eighteen in this country to sign a contract, no lender will loan money to you because your signature won’t be worth anything. So, if you are under eighteen and looking for a loan, get a parent or older friend to help you out, or you will have to wait until your birthday!

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