A wise friend told me that * extraordinary people * are just * ordinary people * who do extraordinary things.
It's the same way with loans. People who get loans after being refused are not extraordinary people, they are ordinary people doing extraordinary things to get their loan.
Here is an example of what these extraordinary things could be for those who have been denied for a loan or who may have credit problems:
Correction of incorrect credit problems
-Get good advice and stick to it
-Do not give up if the first lender says "no"
Keep in mind that this article is not intended to replace legal or financial advice. If you need legal or financial advice, you should use the services of a competent professional.
There are a lot of information on personal loans is just ... wrong! It is our desire to set the record straight here.
We are also sick of how the credit bureaus seem to think they are the ultimate authority on who can get a loan. If you do not agree with the credit bureau - you can forget any chance of getting a loan - or that's what they say.
There must be a solution somewhere.
Some of you have problems reading this broader credit you have to face every day. I know it's not fair that you are continually punished with excessive interest rates and loan denial.
Why Credit is so important today
If you have good credit, it seems that you can walk into any store and say charge * and * it out with hundreds, if not thousands of dollars worth of goods.
For millions of Americans, good credit, as seems so elusive. Many of us are able to start with credit cards and loans - but over time, an emergency is in place and takes us to get behind on a payment.
In many cases, we find a way to recover financially, but the damage the credit persists for a long time. Once that happens, everything you buy on credit is much more expensive.
If you've always wanted to be debt free, it is important to have the best credit possible. This way, you do not have to pay extra for everything and the money you spend goes to pay debts as quickly as possible.
If you have credit problems and apply for a loan, one of the best things you can do is prepare a list of loans and credit cards you paid off in the past. Give this list of good credit references for the lender when you apply.
This will help the lender to the loan decision because credit reports are not numerous list of your good credit or references ** on-time. However, when you're late with a payment that quickly appears.
Lenders are increasingly finding ways to help people who are not * fit in the box. * But there are still millions who are rejected for a loan each year. These are the people we want to help by giving them the opportunity to obtain a fair chance to rebuild their credit and get loans.
The first step in rebuilding your credit is to obtain a credit report from all three credit bureaus: Experian (TRW), Equifax and Trans Union. Carefully check each error report and any derogatory information.
Do not get a tri-merge report where all information is combined from all three credit bureaus. A tri-merge report, it is difficult to distinguish what credit bureau reported any individual element.
If you tell a credit bureau on a disputed item that is on the report of a different credit bureau, you can now see that the credit bureaus at once will report it - leaving you worse off .
When you receive your credit report, you will also receive documents allowing you to dispute inaccurate information. Fill it out and send it to each credit bureau for any inaccuracies were reported.
The following list shows the rank of derogatory information to damage. The hierarchical order, from the information most damaging to least damaging, is as follows:
Bankruptcy
Foreclosure
Tax Links
Defaults
Seizures
Stops
Collections
Late mortgage payments
Late payments of revolving credit
Release credit
Information
When you obtain credit reports from all three offices, you will find some questionable information is duplicated on one or two credit reports to others, but all will not.
It is very important that you disagree with each item individually questionable.
If you try to dispute * several items at the same time, the credit bureau may request that your claim is frivolous and refuse to investigate.
Creditors are not required to report to credit bureau. So if you dispute an item and the creditor does not verify it, then the item will be removed from your report. The credit bureau has 30 days to verify the information.
Personal loans defined
You see personal term loans used by many different lenders. Each lender may have a different idea of what a personal loan.
Some lenders to define it as a small loan secured by real estate. Some lenders to define it as a small loan secured by an asset. Some look only as a loan secured by your promise to repay (the signing of a loan).
When working with a lender, you must decide what it is that you will use to reassure the lender you can pay the ticket.
Keep in mind that it is easier to obtain a loan secured by real property, if you have credit problems, it is to get an unsecured personal loan.
Once decided, you need to work only with lenders that handle the type of loan you are looking for.
For credit problems
If you have credit problems, your choice of lenders is very narrow. Your best bet is to contact the lender and explain your situation and see what they say.
Also ask your friends that they went to loans, you might find a good introduction to a loan officer in this way.
Get personal loans
The application process for personal loans is quite simple and you can usually get an answer within minutes of application.
Be sure you bring the following information with you (or you've already memorized some of them):
- Address current and previous
- Social security number for yourself and spouse
Information on wages and salaries heels -
- Tax returns for two years (if self-employed)
- Driving license and vehicle information
Employer's address and length of employment information -
Apply for a personal loan if you have credit problems
If you have credit problems, you may already be aware that the process becomes more complicated.
You will have to explain what was the situation that caused the credit problem and then see if the lender go.
If you have credit problems, do not apply to a loan until you get your credit report in the best shape possible. Otherwise, what happens is that when you apply, it creates an inquiry on your credit report and lenders when later, see the survey as it makes it harder to get a loan. In other words, each lender thinks, "why should I give you a loan when the company XYZ in the street you refused?"
If you need the loan quickly, and have credit problems, you are limited in what you can do. One of the best things we've found is to go to lenders that you have loans with and currently seek an increase in the line of credit you have. What works best for lenders where you have one * on time payment history *.
Explain the situation to your lender, and want to try to keep all credit problems to worsen.
If this does not work, your next move is to go to lenders that you have had loans in the past. Ask them if they can open a credit line. Many lenders prefer to work with previous clients than having to find new.
If you have credit problems, get any type of loan becomes very difficult. That's why we created http://www.Access2Loan.com because we believe that everyone is entitled to borrow money.
Problems common to a loan application
The most common problem when people are turned down for a loan from credit-related items.
For example, one of our members have bad credit on someone else's report. He has not found until he went to a loan application and I was surprised. In his first dispute, the derogatory information has not been removed. Subsequently, he checked with us. We told him he needed to send a dispute to both the creditor and the credit bureau and that he needed to send copies of proof of payment. We have also shown him what to do if it does not work. Fortunately, he was kidnapped by following our advice and latest report, it has been approved for a $ 4000 computer purchase.
Another problem is to verify income. Many lenders will not consider income from a source that is at least two years. What you can do to overcome this problem is to show the pay stubs and bank statements covering several months.
Another problem lies in understanding exactly what it is when you apply for a loan. I know it sounds funny, but many lenders have made it look like you are preapproved, when in fact you are not.
For example, a loan company is nationally known for sending letters stating you are pre-approved for * 3500 * - $ 5000. When you go to get the check ready, they say they will need some verification information so they know to whom they give the check to. They then ask you enough information to run a credit check (without telling you) and decide how much you can borrow. This is different from what many people expect ** to offer pre-approved.
Because they do not tell you about running a credit check, it can impair your ability to get a loan elsewhere - because the survey added.
If you have credit problems and still want to try for a loan of this kind, insist on seeing the manager before applying and tell the manager about your situation and ask what options are available.
Do not let anyone run a credit check if you have not a chance for approval, any more than 5-6 inquiries over a period of six months will hurt your chances of getting a loan.
If these sources do not work, try the bank where you have your accounts. Some do loans, some credit cards only, and sometimes you can use a credit card in a way you would with a loan. Your local bank may be willing to overlook some problems to keep your business.
Source: http://EzineArticles.com/68246
It's the same way with loans. People who get loans after being refused are not extraordinary people, they are ordinary people doing extraordinary things to get their loan.
Here is an example of what these extraordinary things could be for those who have been denied for a loan or who may have credit problems:
Correction of incorrect credit problems
-Get good advice and stick to it
-Do not give up if the first lender says "no"
Keep in mind that this article is not intended to replace legal or financial advice. If you need legal or financial advice, you should use the services of a competent professional.
There are a lot of information on personal loans is just ... wrong! It is our desire to set the record straight here.
We are also sick of how the credit bureaus seem to think they are the ultimate authority on who can get a loan. If you do not agree with the credit bureau - you can forget any chance of getting a loan - or that's what they say.
There must be a solution somewhere.
Some of you have problems reading this broader credit you have to face every day. I know it's not fair that you are continually punished with excessive interest rates and loan denial.
Why Credit is so important today
If you have good credit, it seems that you can walk into any store and say charge * and * it out with hundreds, if not thousands of dollars worth of goods.
For millions of Americans, good credit, as seems so elusive. Many of us are able to start with credit cards and loans - but over time, an emergency is in place and takes us to get behind on a payment.
In many cases, we find a way to recover financially, but the damage the credit persists for a long time. Once that happens, everything you buy on credit is much more expensive.
If you've always wanted to be debt free, it is important to have the best credit possible. This way, you do not have to pay extra for everything and the money you spend goes to pay debts as quickly as possible.
If you have credit problems and apply for a loan, one of the best things you can do is prepare a list of loans and credit cards you paid off in the past. Give this list of good credit references for the lender when you apply.
This will help the lender to the loan decision because credit reports are not numerous list of your good credit or references ** on-time. However, when you're late with a payment that quickly appears.
Lenders are increasingly finding ways to help people who are not * fit in the box. * But there are still millions who are rejected for a loan each year. These are the people we want to help by giving them the opportunity to obtain a fair chance to rebuild their credit and get loans.
The first step in rebuilding your credit is to obtain a credit report from all three credit bureaus: Experian (TRW), Equifax and Trans Union. Carefully check each error report and any derogatory information.
Do not get a tri-merge report where all information is combined from all three credit bureaus. A tri-merge report, it is difficult to distinguish what credit bureau reported any individual element.
If you tell a credit bureau on a disputed item that is on the report of a different credit bureau, you can now see that the credit bureaus at once will report it - leaving you worse off .
When you receive your credit report, you will also receive documents allowing you to dispute inaccurate information. Fill it out and send it to each credit bureau for any inaccuracies were reported.
The following list shows the rank of derogatory information to damage. The hierarchical order, from the information most damaging to least damaging, is as follows:
Bankruptcy
Foreclosure
Tax Links
Defaults
Seizures
Stops
Collections
Late mortgage payments
Late payments of revolving credit
Release credit
Information
When you obtain credit reports from all three offices, you will find some questionable information is duplicated on one or two credit reports to others, but all will not.
It is very important that you disagree with each item individually questionable.
If you try to dispute * several items at the same time, the credit bureau may request that your claim is frivolous and refuse to investigate.
Creditors are not required to report to credit bureau. So if you dispute an item and the creditor does not verify it, then the item will be removed from your report. The credit bureau has 30 days to verify the information.
Personal loans defined
You see personal term loans used by many different lenders. Each lender may have a different idea of what a personal loan.
Some lenders to define it as a small loan secured by real estate. Some lenders to define it as a small loan secured by an asset. Some look only as a loan secured by your promise to repay (the signing of a loan).
When working with a lender, you must decide what it is that you will use to reassure the lender you can pay the ticket.
Keep in mind that it is easier to obtain a loan secured by real property, if you have credit problems, it is to get an unsecured personal loan.
Once decided, you need to work only with lenders that handle the type of loan you are looking for.
For credit problems
If you have credit problems, your choice of lenders is very narrow. Your best bet is to contact the lender and explain your situation and see what they say.
Also ask your friends that they went to loans, you might find a good introduction to a loan officer in this way.
Get personal loans
The application process for personal loans is quite simple and you can usually get an answer within minutes of application.
Be sure you bring the following information with you (or you've already memorized some of them):
- Address current and previous
- Social security number for yourself and spouse
Information on wages and salaries heels -
- Tax returns for two years (if self-employed)
- Driving license and vehicle information
Employer's address and length of employment information -
Apply for a personal loan if you have credit problems
If you have credit problems, you may already be aware that the process becomes more complicated.
You will have to explain what was the situation that caused the credit problem and then see if the lender go.
If you have credit problems, do not apply to a loan until you get your credit report in the best shape possible. Otherwise, what happens is that when you apply, it creates an inquiry on your credit report and lenders when later, see the survey as it makes it harder to get a loan. In other words, each lender thinks, "why should I give you a loan when the company XYZ in the street you refused?"
If you need the loan quickly, and have credit problems, you are limited in what you can do. One of the best things we've found is to go to lenders that you have loans with and currently seek an increase in the line of credit you have. What works best for lenders where you have one * on time payment history *.
Explain the situation to your lender, and want to try to keep all credit problems to worsen.
If this does not work, your next move is to go to lenders that you have had loans in the past. Ask them if they can open a credit line. Many lenders prefer to work with previous clients than having to find new.
If you have credit problems, get any type of loan becomes very difficult. That's why we created http://www.Access2Loan.com because we believe that everyone is entitled to borrow money.
Problems common to a loan application
The most common problem when people are turned down for a loan from credit-related items.
For example, one of our members have bad credit on someone else's report. He has not found until he went to a loan application and I was surprised. In his first dispute, the derogatory information has not been removed. Subsequently, he checked with us. We told him he needed to send a dispute to both the creditor and the credit bureau and that he needed to send copies of proof of payment. We have also shown him what to do if it does not work. Fortunately, he was kidnapped by following our advice and latest report, it has been approved for a $ 4000 computer purchase.
Another problem is to verify income. Many lenders will not consider income from a source that is at least two years. What you can do to overcome this problem is to show the pay stubs and bank statements covering several months.
Another problem lies in understanding exactly what it is when you apply for a loan. I know it sounds funny, but many lenders have made it look like you are preapproved, when in fact you are not.
For example, a loan company is nationally known for sending letters stating you are pre-approved for * 3500 * - $ 5000. When you go to get the check ready, they say they will need some verification information so they know to whom they give the check to. They then ask you enough information to run a credit check (without telling you) and decide how much you can borrow. This is different from what many people expect ** to offer pre-approved.
Because they do not tell you about running a credit check, it can impair your ability to get a loan elsewhere - because the survey added.
If you have credit problems and still want to try for a loan of this kind, insist on seeing the manager before applying and tell the manager about your situation and ask what options are available.
Do not let anyone run a credit check if you have not a chance for approval, any more than 5-6 inquiries over a period of six months will hurt your chances of getting a loan.
If these sources do not work, try the bank where you have your accounts. Some do loans, some credit cards only, and sometimes you can use a credit card in a way you would with a loan. Your local bank may be willing to overlook some problems to keep your business.
Source: http://EzineArticles.com/68246
0 comments:
Post a Comment