Answer:
by Jim Bedsole:
I don't know of a reason why not, but one would question the real purpose of such a loan. I can only think of two reasons: 1) A sort of self-imposed mandatory savings program for someone who might not be disciplined enough to save the money other than making loan payments; or 2) Money laundering
Answer:
by Richard Insley:
Maybe it's part of a personal credit score rehab project?
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