I need $80k to start airline pilot training asap

Don't have a house to borrow a heloc,

Should I max out my credit cards then file bankruptcy? I know your credit is ****ed for 7yrs but I don't care by then as a pilot I'll be clearing $250k a year

Yah brah max out your credit cards and file bankruptcy

Sound plan

Like I said idgaf it goes away in 7yrs I'm still young

Age
53

Nobody is going to let you fly a million dollar plane without checking your credit history

Yea thats what I'm afraid of lol

Lol Nov 22 Join Date don't even try it boyo I'm watching you....I've been tracking you..

Mirin the under username line

Bump

Are there no student loans or other types of loans set up for this? Pilots are in high demand iirc, you'd think the government would have programs in place

HELOC is a revolving line of credit, not really a loan per se. You don't need to secure a line of credit if you otherwise qualify, but my one unsecured credit line right now that is high af like 10% interest

those schools will happily connect you to a student loan provider which will provide you with the funds that are non-dischargable in bankruptcy

There's plenty of loans for flight training but high interest, cant deferred, cant disappear even with bankruptcy

How did u apply how much did u get for ur credit line ?

Exactly they are just like college students loans which I wanna avoid

You can set up an appointment with a bank to discuss, amount usually depends on income and then interest rate depends on credit score

My credit line max is $90k right now but you won't get approved for an $80k credit line without high income already, you need an actual loan

I've never heard of unsecured credit lines that high but I'll check with banks

The interest rate is ridiculous though, surely a student loan type deal would be much cheaper

I'm assuming student loans are just as high interest rates ill look into it

Thanks

Don't have any debt to begin with. A lot of it is based on what loans you already have, for two reasons - firstly because you can't pay back as much if you've already got loans and secondly because if you've not been keeping up with those repayments you're probably never going to have 80k thrown your way.

strong location

i dont have any loans just ccs less than $5k with available balance of $35k

I thought airlines only hired ex military pilots

Strong ignorance

Your credit score will be checked at some stage so don't fuk around with it.

Look for student loans, and ask the school you are planning to attend to help, they will for sure.

Bump

cot damn miscers are truly stupid asf llol

personal loans are like 10k not 80k and the interest rate is high as fuk on them if they arent secured with collateral.

theyre basically if you are in an emergency and dont want to put it on your credit card because they should still be lower than CC interest rates


you need a student loan OP.


if they dont do student loans for pilots then go in the air force and get paid to be trained

lmao youre not in a position to be picky. you want someone to give you 90k you have to play by their rules

I get your point and im not trying to be picky but after hearing all the horror stories with student loans I'd like to avoid them if possible

I understand that you're eager to start your airline pilot training, but maxing out your credit cards and filing for bankruptcy is not a responsible or wise approach to take. Bankruptcy can have serious and long-term consequences on your financial and personal life, such as difficulty obtaining credit in the future and damage to your reputation.

Instead, consider exploring other options for financing your pilot training. Here are some alternatives you can consider:

Apply for a personal loan: While personal loans may come with higher interest rates, they can be a better option than maxing out your credit cards. Look for lenders that specialize in financing education and training programs.

Apply for a student loan: Some flight schools offer financing options through student loan programs. These loans often come with lower interest rates and flexible repayment terms.

Look for scholarships and grants: Many organizations and foundations offer scholarships and grants for aspiring pilots. Do some research and apply for as many as possible.

Save up and pay in installments: While it may take longer to start your training, saving up and paying in installments can help you avoid debt and financial strain in the long run.

Remember, becoming a pilot is a long-term goal, and it's important to approach it with a responsible and sustainable financial plan. I wish you the best of luck in finding a solution that works for you.