Since it's the bank's money, it's also the bank's business as to what you're planning on doing with it. If you need a bank loan to fund your gambling habit, chances are you won't be getting much in the way of financing. If, however, you're trying to purchase or improve anas...
Jake Hill, CEO and founder of DebtHammer, adds that Social Security and disability income are also valid sources of income for a loan application, and you could be asked to share a bank statement or income tax record to prove you have this money coming in. What If I Am Missing a Doc...
"A good credit score will give you more access to borrowing, and a decrease in borrowing costs, whether that is a car loan, house loan, or some other type of loan," he said. "If you don't have a credit history to begin with, these costs are all going to be higher." When you'...
If you have bad credit, the loan provider may require a cosigner who will be legally responsible for paying your debt if you don’t repay the private loan as agreed. Having bad credit could result in a higher interest rate. Before accepting a private loan, it might be a good idea to ...