Should I get a loan in Korea or US?

  • #1243092
    Naruto 155.***.250.114 463

    My family and I are currently considering about opening small Family business here in the US.. I’m US citizen but rest of my family are all Korean citizen.. and I’m the only one who has credit but My credit history isn’t that long..
    So my dad is thinking about getting a loan in korea since he has excellent credit history in korea and transfer the money to the us where I am at now.. ..( I don’t know how it works though) Is it possible to do that or should we try to get loan through the banks in the us? any suggestions please? gam sa hap ni da..

    • Q&A 130.***.26.69

      If you are capable of getting loan both in Korea and in US, you should look for both ways and find what best fits your situation. However, you sound like you have only one option – to get a loan from Korea. Then why even care about getting a loan in US? Even if US loan was supposedly a better option for you, you shouldn’t waste your time comparing them. Another tip – you can refinance your loan later when your credit gets better.