|
|
|
|
Credit Laws |
Simple Tips For Getting Your Loan
So, you want to get a loan? Here are some simple tips that will help you make an informed decision about what kind to get, and who to get it from.
First ask yourself: do you really need it? Can you manage without it? Is it for something frivolous, like a holiday? Could you get the money by other means: part-time job, from a relative, the sale an asset?
Don't put a monkey on your back if you can avoid it. A loan varies according to: The amount borrowed; The interest rate; The type of rate (fixed or variable); The term (repayment time in months or years); Deposit (downpayment); Associated fees (broker, origination, prepayment etc.); Insurance required by the lender.
You are buying money for more than it cost the lender. Simple. It's a mistake to only care about the interest rate; there are also arrangement fees and prepayment penalties to consider. Many 'no fee' credit lines have a pre-payment penalty. This is how brokers and lenders make their money.
Work out the total cost of your loan before committing. To ensure you get the best terms, keep your credit-line as small as possible. Loan officers tend to count the total line of credit available as a liability. Pay off small debts before the due date. Cancel credit cards you are not using. Consider their interest rates and fees, when deciding which cards to keep. If your spending is out of control, don't put your home at risk by getting a home equity credit line to pay off your credit-card debts.
Shop for rates when the market is calm. Rates change from day to day, so compare lenders. The quotes you get should all be from the same time period.
Submit a neat application form; it shows you're business-like and efficient. It will be read and assessed by a human being; appearances count.
Only pay up-front fees to well-known institutions, or ones highly recommended by trusted sources.
Don't sign documents without reading them. As soon as possible, before you close the deal, review the documents you'll be signing, and make sure you understand them, so you won't have to sign them in a hurry.
Keep a copy of every cheque you write for your loan. If you call your lender about your loan, make sure you get the full name of the person with whom you speak. Make a note of it.
You may be dealing with a large bureaucracy, and will need to refer to this conversation later. If you find yourself in a dispute with a lender, don't send correspondence to the same address you send your payment. You need to deal with the decision-makers, not the account clerks.
T. O' Donnell (http://www.tigertom.com/personal-loans-uk.shtml) offers personal loans, advice, an ebook and a loan calculator, in London, UK.
http://www.tigertom.com/contact.htm
Go To
debt free management services For
More Details.
To Find Other debt free management services 's
Want different search results?
Find The Ultimate debt free management services sites at the search-engine links below. Just click any link below to
see the complete debt free management services results.
|Google | MSN | Yahoo | Searchalot | Mamma | AOL |
Home |
Index | debt free direct | debt free good | debt foundation management services | debt free information | debt free personal finance
|
|
|
|
Hot Price Update! |
|
debt free direct | debt free good | debt foundation management services | debt free information | debt free personal finance
www.delawareonline.com ¦ The News Journal ¦ With debt climbing, young adults find it hard to save (Delaware Online)
At 24, Jeffrey Berman is in better financial shape than many of his peers. He has no student loans, thanks to his parents, and about $1,200 in credit card debt, which he plans to pay off with his income tax refund.
Debt Adjuster Law designed to monitor loan aid vendors (News Democrat & Leader)
Attorney General Greg Stumbo has announced the filing of draft regulations implementing Kentucky's new Debt Adjuster law, KRS Chapter 380, passed by the 2005 General Assembly.
EMCORE Corporation Reports Fiscal 2005 Second Quarter and Six-Month Results (pzone via Yahoo! Australia & NZ Finance)
-- Revenues increase 31% from a year ago and 13% sequentially to $30.4 million; -- Company achieves positive EBITDA; -- Spin-off of GaN power electronics technology raises $6.0 million for new company SOMERSET, N.J., May 4, 2005 (PRIMEZONE) -- EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite,
GM, Ford Credit Ratings Downgraded to 'Junk' Status (E-Commerce Times)
A major rating agency declared billions of dollars of debt owed by General Motors and Ford to be "junk," a blow that will increase borrowing costs for the nation's two biggest automakers. Standard & Poor's Ratings Services downgraded the debt yesterday to below investment grade, or junk status.
|
|