PERSONAL LOAN TIPS
The information below should be examined prior to
applying for a personal loan with our company. This material
will help ensure that you satisfy your cash needs with the most
appropriate source. In addition, if you feel that a personal
loan is your best option, you will be educated on what you can
do to ensure that you get the
rates and terms for your financing.
If you have any questions,
contact us. It is also important that you review the section
related to effective
If you are borrowing for the first time, read more about
advice for first time cash borrowers.
Alternatives to borrowing without collateral
Unsecured loans are a great source for satisfying cash needs.
However, there are very viable alternatives to unsecured
financing that can save you money. For example, homeowners
should explore mortgage products. Interest rates associated with
home equity loans are typically lower than personal loans. Also,
refinancing an existing mortgage should also be considered.
Rates are at an all time low. If you have never refinanced
before, it is very likely that you will be able to obtain a
lower rate that will allow you to save money on your monthly
payment, as well as get you the cash you need. You can get a
mortgage quote for one of our mortgage products without having your
If you need to borrow a few thousand dollars, and you have bad
applying for a credit card. Getting
approved for an
unsecured loan is not easy for
some people. Even
if approval is achieved, interest rates may be very high. There
are a variety of credit card offers that are designed for people
with poor credit that will help you satisfy your cash situation.
Have you been contributing to a 401k? If the answer is yes,
borrowing money against
your 401k. This is a great solution if
you intend on paying the money back in a short period of time.
If you do not anticipate quick settlement of your debt,
borrowing against your 401k is not a wise decision.
If you are looking to consolidate debt, but have bad credit,
explore your options. Learn how an
unsecured debt consolidation can be disastrous if not used
Getting a copy of your credit report
Before applying for any type of loan or credit, it is
crucial that you
get a copy of your credit report. Any sort of
negative or erroneous information can not only lead to your
application being denied, the terms and interest rates you
receive will likely be unfavorable even if approval is
achieved. You can get a
FREE copy of
your credit scores. This type of report will provide you
with a complete analysis of your scores as reported by
all three major credit reporting agencies.
Avoid multiple applications
If you have already been denied a personal loan from more
than one source, stop applying! Having multiple inquiries on
your credit report in a short period of time is going to
adversely affect your score. The best thing to do is to wait one
or two months before submitting your request again. During your
waiting period, try and
improve your credit score.
Save money for emergencies
The intent for many personal loan requests we receive are
for emergency purposes. The best way to avoid having to deal
with these types of situations is to develop a small 'emergency
fund'. This would entail putting a few dollars away every month
in a savings account.
If you have a poor credit history, you should familiarize yourself with the process of
getting approved for
bad credit loans.
Being a Wise Borrower
Personal Loan Scams
Online Loans - Are They Safe?
Requirements for Borrowing with No Collateral
Cheap Personal Loans
Personal Loans for Getting Rid of Bad Credit
a Loan Makes Sense
Dangers of Debt Consolidation Loans
Are Personal Loans a Bad Idea?
Loan Aspects to Avoid
Consequences of Defaulting On Your Loan
Apply Now -
How It Works -
Approval Requirements -
Credit Help Info -
Types of Personal Financing
Unsecured Personal Loans -
Bad Credit Personal Loans
Consolidating Debt with Personal Loans
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