|
|
|
|
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 reduction company For
More Details.
To Find Other debt reduction company 's
Want different search results?
Find The Ultimate debt reduction company sites at the search-engine links below. Just click any link below to
see the complete debt reduction company results.
|Google | MSN | Yahoo | Searchalot | Mamma | AOL |
Home |
Index | debt relief clearinghouse | debt reduction review services | debt reduction worksheet | debt reduction worksheet
|
|
|
|
Hot Price Update! |
|
debt relief clearinghouse | debt reduction review services | debt reduction worksheet | debt reduction worksheet
Overseas Shipholding Group, Inc. Reports Highest First Quarter Results in the Company's History (pzone via Yahoo! Australia & NZ Finance)
NEW YORK, May 5, 2005 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) reported net income for the quarter ended March 31, 2005 of $164,919,000, or $4.18 per share, more than double the net income of $76,188,000, or $1.99 per share, achieved in the first quarter of 2004. EBITDA for the first quarter rose by 43% to $223,363,000 compared with $156,413,000 in the first quarter of 2004 and
Wisconsin Energy Cites Higher Customer Satisfaction, Improved Earnings, Debt Reduction as 2004 Highlights (PR Newswire via Yahoo! Finance)
At the Wisconsin Energy 2005 annual meeting today, Chairman, President and Chief Executive Gale Klappa told stockholders that the company's electric and natural gas franchises are growing, and that management continues to focus on reducing the company's business and financial risk.
General Motors, Ford Debt Ratings Cut to Junk by S&P (Update13) Listen (Bloomberg.com)
May 5 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, had their credit ratings reduced to junk-bond status by Standard & Poor's, slashing the value of $375 billion in debt and causing their shares to drop.
Huntsman Posts Loss on Debt Retirement (AP via Yahoo! News)
Huntsman Corp., the global chemicals company that went public in February, said Tuesday it posted a loss for the first quarter after using funds from its initial public offering to retire debt.
|
|