Personal Loan, can also be a student loan, cash loan, car loan or installment loan. This page is created to give you tips on the best way to apply for a loan.
Let’s face it we all need money or more money.
Finding the best way to apply or become successful in applying for a loan or personal loan is not easy. You see financial service companies have various application guidelines some according to:
- How long employed?
- What is your monthly salary after expenses?
- Do you have any debt?
- What is your income to debt ratio?
- Are you married or single?
- Do you have any dependents?
- Do you have the right credit score and history?
- Are you a high, medium or low risk applicant?
The above is just a few areas to ponder and try to obtain:
- Your recent credit history score or report
- Two recent salary or wage slips
- Proof of address x 2
- Poll Tax or Income Tax
- Electricity or Gas bill
- Government ID
- Good reason for applying for the loan
- What are the best interest rates now?
- Are interest rates likely to go up or down?
Then try to do some online research into who has the best personal loans available with best interest rates, installment loan or repayment plan. A good place to start is Consumer Affairs.Com they list Top 10 loan companies and also one can read the reviews of other people.It is also wise to go on YouTube and watch as many videos as you can on personal loans, money management, money advice, car loans, student loan, cash loans, mortgage loan, business loan or any loan of interest. You can begin watching the video below.