loan for instructor rating

maxonca · Post by **maxonca** » Sun Sep 24, 2006 8:55 pm

does any one know of any bank where i can get a line of credit or loan for instructor rating. i have already tried td but they refused because i make very little money as a part time job and my co signer already had a lot of loans to pay back

200hr Wonder · Post by **200hr Wonder** » Sun Sep 24, 2006 9:00 pm

Keeping trying other banks, CIBC would not give me a thing, but I walked into TD and they pre approved me for 10k line of credit. Funny cause I was a 15 year CIBC client, now I am a happy TD customer, there loss I suppose.

Nappy · Post by **Nappy** » Mon Sep 25, 2006 11:07 am

If you are on EI they have a program to 'go to school to get work' where they pay for training if you have a job waiting after... they paid for half of my rating... but since you are working part time, I guess you don't have it... Bank of Montreal is also pretty good about it, had less problems with them than with other banks

Miss Mae · Post by **Miss Mae** » Mon Sep 25, 2006 5:08 pm

I used a line of credit from RBC.

Isis · Post by **Isis** » Mon Sep 25, 2006 9:05 pm

I used the Bank of Mom and Dad... can't beat the interest rates!

- Isis

Chaffey · Post by **Chaffey** » Tue Sep 26, 2006 1:18 pm

I got one from TD.. but I had my parents as a co-signer.
Get a paper from the school saying you're enrolled in the program and how much its going to cost, that way its also a student loan.

goldeneagle · Post by **goldeneagle** » Tue Sep 26, 2006 3:15 pm

An instructors rating is a ticket to poverty. If you cannot afford to get the rating by simply 'write the cheque', then, there is no way the rating will put you into a job position that will allow you to service the debt. If you really want to go down the instructor road, then to preserve one's sanity, it should be a high priority to 'arrive' at the rating debt free.

Golden Flyer · Post by **Golden Flyer** » Tue Sep 26, 2006 4:51 pm

It doesnt get any better than TD