Applying for Loans

Wednesday, November 18th, 2009 at 10:31 am  
Leave your comment

After choosing the loan you want, you have to complete an application form. The application asks for details of your existing financial commitments and income. The lender uses this to assess whether you can afford to take on the loan and repay it. If you are married, both you and your spouse must be named on the application form: The lender insists upon this.

The lender also contacts credit reference agencies to obtain a copy of your credit file. Your credit file indicates whether you have any outstanding county court judgments against you, are bankrupt, or have a history of defaulting on debts.

This is a preview of Applying for Loans. Read the full post (653 words, estimated 2:37 mins reading time)
Tags: , , , , , , ,

Related posts

How to Apply for a Loan

Sunday, June 14th, 2009 at 8:37 am  
Leave your comment
by Sara Ferguson

After choosing the loan you want, you have to complete an application form. The application asks for details of your existing financial commitments and income. The lender uses this to assess whether you can afford to take on the loan and repay it. If you are married, both you and your spouse must be named on the application form: The lender insists upon this.

The lender also contacts credit reference agencies to obtain a copy of your credit file. Your credit file indicates whether you have any outstanding county court judgments against you, are bankrupt, or have a history of defaulting on debts.

This is a preview of How to Apply for a Loan. Read the full post (647 words, estimated 2:35 mins reading time)
Tags: , , , , , , ,

Related posts


 Powered by Max Banner Ads