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<channel>
	<title>Personal Lending &#187; Qualifying for a Loan</title>
	<atom:link href="http://bodocs.com/category/qualifying-for-a-loan/feed/" rel="self" type="application/rss+xml" />
	<link>http://bodocs.com</link>
	<description>Guide on Personal Lending, Find out Different Types of Personal Loans</description>
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		<title>Cash Advance Lenders &#8211; Be Very Careful</title>
		<link>http://bodocs.com/cash-advance-lenders-be-very-careful/</link>
		<comments>http://bodocs.com/cash-advance-lenders-be-very-careful/#comments</comments>
		<pubDate>Wed, 09 Dec 2009 08:37:48 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
				<category><![CDATA[Personal Lending]]></category>
		<category><![CDATA[Personal Loan Tips]]></category>
		<category><![CDATA[Personal Loans]]></category>
		<category><![CDATA[Poor Credit Loan]]></category>
		<category><![CDATA[Qualifying for a Loan]]></category>
		<category><![CDATA[Borrower]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Loan]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Payday Loan]]></category>
		<category><![CDATA[Website]]></category>

		<guid isPermaLink="false">http://bodocs.com/?p=236</guid>
		<description><![CDATA[








 photo credit: ninjapoodles
Cash advance lenders differ in their application processes, their fee structures and money delivery time. Being a debtor you should know what type of services you want from your lenders. For example lenders with more fast money transfer system then others, lenders with low charge or such lenders that have an easy [...]]]></description>
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<p><img style="border: 0pt none;" src="http://farm1.static.flickr.com/251/453514151_7cc7410f04.jpg" border="0" alt="payday lender" width="500" height="344" /><br />
<small><a title="Attribution License" href="http://creativecommons.org/licenses/by/2.0/" target="_blank"><img src="http://bodocs.com/wp-content/plugins/photo-dropper/images/cc.png" border="0" alt="Creative Commons License" width="16" height="16" align="absmiddle" /></a> <a href="http://www.photodropper.com/photos/" target="_blank">photo</a> credit: <a title="ninjapoodles" href="http://www.flickr.com/photos/17671297@N00/453514151/" target="_blank">ninjapoodles</a></small></p>
<p>Cash advance lenders differ in their application processes, their fee structures and money delivery time. Being a debtor you should know what type of services you want from your lenders. For example lenders with more fast money transfer system then others, lenders with low charge or such lenders that have an easy process of application. So quickly scan all the lenders available and try to find out that best suits your needs within few minutes you can find out right cash advance lenders for you. There are some important steps you should consider for finding best match for you.</p>
<p>Decide services you want from lenders:</p>
<p>First of all decide what services you require from your lender company. If you are interested in speedy cash transfer then you should expect higher fees but if you can wait for a little longer then you should expect low charges for large cash advance. So if you prioritize your needs then you can more easily focus on such cash advance lenders during your search that can fulfill your demands. You can find out the right company for you within few minutes which can provide you with more easy application procedure, speedy cash transfer and also low charges but you should carefully see all the terms and conditions of your lender company.<span id="more-236"></span></p>
<p>See the differences in various lenders:</p>
<p>The purpose of getting this quick cash advance is also saving time. so many cash advance lenders deliver the money to your account within few hours after applying for it some lenders can even do this whole process in an hour these lenders charge high fees to the borrower and include no transfer of your financial documentation through fax machine in their process but on the other side there are some cash advance lenders who take a little more time and you will have to fax them your financial documents like your bank statement and paystub so they reduce their risk and chances of fraud and pass on this savings onto you.</p>
<p>Where to find cash advance lenders?</p>
<p>You can find on Internet websites of various lenders with different offerings so any lender with the best mix of services you can start work with that lender. You can also go to cash advance company store in your area.</p>
<p>Recommended site to visit &#8211; http://www.PayDayLoan.com-offers.us/<br />
If you need Instant Cash, Apply Now for 100% Confidential, with NO Credit Check Online PayDay Loan &#8211; 99% Guaranteed Approval within minutes!</p>
<p>Michael D Chase</p>
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		<item>
		<title>Unemployed Loans &#8211; Financial Aid For Unemployed People</title>
		<link>http://bodocs.com/unemployed-loans-financial-aid-for-unemployed-people/</link>
		<comments>http://bodocs.com/unemployed-loans-financial-aid-for-unemployed-people/#comments</comments>
		<pubDate>Fri, 27 Feb 2009 03:46:45 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
				<category><![CDATA[Loan Guide]]></category>
		<category><![CDATA[Loan Requirements]]></category>
		<category><![CDATA[No Credit Check Loan]]></category>
		<category><![CDATA[Personal Loans]]></category>
		<category><![CDATA[Poor Credit Loan]]></category>
		<category><![CDATA[Qualifying for a Loan]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Collateral]]></category>
		<category><![CDATA[Debt consolidation]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Interest rate]]></category>
		<category><![CDATA[Loan]]></category>
		<category><![CDATA[Unsecured loan]]></category>

		<guid isPermaLink="false">http://bodocs.com/?p=258</guid>
		<description><![CDATA[
 photo credit: karpov the wrecked train
It is difficult to fight tough times if you have no income. But thanks to unemployed loans now you can easily fight the tough time in your life with the help of these loans. With the help of unemployed loans you can easily cater your financial needs despite of [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://farm4.static.flickr.com/3254/3287698291_893a7916f6.jpg" border="0" alt="KARPOV THE WRECKED TRAIN" /><br />
<small><a title="Attribution License" href="http://creativecommons.org/licenses/by/2.0/" target="_blank"><img src="http://bodocs.com/wp-content/plugins/photo-dropper/images/cc.png" border="0" alt="Creative Commons License" width="16" height="16" align="absmiddle" /></a> <a href="http://www.photodropper.com/photos/" target="_blank">photo</a> credit: <a title="karpov the wrecked train" href="http://www.flickr.com/photos/11938270@N02/3287698291/" target="_blank">karpov the wrecked train</a></small><small><a title="Zoom Zoom" href="http://www.flickr.com/photos/40935731@N00/28213838/" target="_blank"></a></small><small><a title="respres" href="http://www.flickr.com/photos/40518938@N00/2460664250/" target="_blank"></a></small></p>
<p>It is difficult to fight tough times if you have no income. But thanks to unemployed loans now you can easily fight the tough time in your life with the help of these loans. With the help of unemployed loans you can easily cater your financial needs despite of your unemployed or non-earning status.</p>
<p>Unemployed loans offer various facilities to borrowers like a borrower can take payment leave and sometimes make over payment and under payments. For this he is not charged with penalties considering your financial standing. The terms are therefore bit lenient for unemployed and very less or no penalties are charged in case of payment defaults.<span id="more-258"></span></p>
<p>Unemployed loans have been specially customized for those who are currently not working. Unemployed loans are of two types i.e. secured and unsecured. Secured unemployed loans require security against them. Any asset such as home, car, shares or valuable documents can be accepted as collateral.</p>
<p>However, tenants, students and non homeowners can apply for unsecured unemployed loans as they do not require you to place any collateral. But carry slightly higher interest due to absence of collateral.</p>
<p>You can borrow an amount suiting as per your requirements. As soon as you get a job you can start repaying the loan amount. The installments of unemployed loans are kept short and manageable so that you don&#8217;t face any difficulty while repaying. One can easily choose between flexible or fixed interest rate options suiting your conditions.</p>
<p><strong>The amount borrowed can be utilized for:</strong></p>
<p>Paying outstanding bills<br />
Medical expenses<br />
Meeting family emergency<br />
College and tuition fee<br />
Car repairs<br />
Debt consolidation<br />
Home renovation</p>
<p>Unemployed loans can be taken even if you have bad credit. Those suffering from adverse credit like bankruptcy, arrears, late payments, defaults etc. can apply for unemployed loans.</p>
<p>You can apply for unemployed loans online. You are just required fill in a simple form with few personal details and processing starts therein. This exempts you from visiting banks and saves your time.</p>
<p>Unemployed loans are a financial help for those who do not have any source of income. The funds generated from unemployed loans can be used to fight from difficult situations and solve them easily.</p>
<p><em>Simon Peyton has done his masters in finance from CPIT. He is engaged in providing free, professional, and independent advice to the residents of the UK. He works for the Loans Fiesta. For any type of loans as Unemployed Loans, adverse credit secured loans, online unsecured loan, cheap secured loans please visit http://www.loansfiesta.co.uk/</em></p>
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		<title>What Does The Student Finance Corporation Do?</title>
		<link>http://bodocs.com/what-does-the-student-finance-corporation-do/</link>
		<comments>http://bodocs.com/what-does-the-student-finance-corporation-do/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 08:22:52 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
				<category><![CDATA[Loan Requirements]]></category>
		<category><![CDATA[Online Loans]]></category>
		<category><![CDATA[Payday Loan]]></category>
		<category><![CDATA[Personal Loan Tips]]></category>
		<category><![CDATA[Personal Loans]]></category>
		<category><![CDATA[Poor Credit Loan]]></category>
		<category><![CDATA[Qualifying for a Loan]]></category>
		<category><![CDATA[Working with the Lender]]></category>
		<category><![CDATA[Federal Family Education Loan Program]]></category>
		<category><![CDATA[Higher education]]></category>
		<category><![CDATA[Loan]]></category>
		<category><![CDATA[New Jersey]]></category>
		<category><![CDATA[PLUS Loan]]></category>
		<category><![CDATA[Stafford Loan]]></category>
		<category><![CDATA[Student financial aid]]></category>
		<category><![CDATA[Student loan]]></category>

		<guid isPermaLink="false">http://bodocs.com/?p=205</guid>
		<description><![CDATA[
 photo credit: Dreammaker182
The Student Finance Corpration helps students to get loans for completing their studies. The range of loans available are for post secondary education. The eligibility and terms of repayment will differ from student to student based on their financial conditions, repayment ability, credit rating and the college that they are applying to.
This [...]]]></description>
			<content:encoded><![CDATA[<p><img style="border: 0pt none;" src="http://farm3.static.flickr.com/2219/2442269018_43579377af.jpg" border="0" alt="funny" width="500" height="375" /><br />
<small><a title="Attribution-ShareAlike License" href="http://creativecommons.org/licenses/by-sa/2.0/" target="_blank"><img src="http://bodocs.com/wp-content/plugins/photo-dropper/images/cc.png" border="0" alt="Creative Commons License" width="16" height="16" align="absmiddle" /></a> <a href="http://www.photodropper.com/photos/" target="_blank">photo</a> credit: <a title="Dreammaker182" href="http://www.flickr.com/photos/83114071@N00/2442269018/" target="_blank">Dreammaker182</a></small></p>
<p>The Student Finance Corpration helps students to get loans for completing their studies. The range of loans available are for post secondary education. The eligibility and terms of repayment will differ from student to student based on their financial conditions, repayment ability, credit rating and the college that they are applying to.</p>
<p>This is called a secondary loan market because it does not finance the loans itself but rather acts as a conduit between lenders, students and schools. The specialty of this organization is to service loans from the Federal Family Education loan program. However, the Student Finance Corpration is just one means of getting loans for students and there are quite a few other organizations who provide loans as well</p>
<p>Major types of Student Finance<span id="more-205"></span></p>
<p>Student finance comes in four major forms:</p>
<p>Student Loans: Many students apply for federal government to finance their educations. The main student loan is the Stafford Loan, Such loans have low interest rate, no credit check and also do not require any collateral. There are two ways in which the loan is disbursed, one is when a private company disburses it to the family like the Citibank. All the loans are insured by the Federal Government against default. The second type of loan is when the federal government pays the family directly.</p>
<p>Parent Loans: Parents of dependent students can take loans for their children to cover their educational expenses. These are called federal Parent Loan for Undergraduate Students (PLUS) and unlike the Stafford loan these loans are not subsidized and are<br />
charged at an interest rate of 8.5% for the loans disbursed after July 1 2006. Repayment begins after 60 months of disbursement and you can’t wait till the education to get over before repaying the loan.</p>
<p>Private Student Loans: Parents and students turn to Private loans for financing their education need because the federal programs are often limited in the amount of money they disburse and this gap has to be bridged by the private players. The rate of interest also is higher comparatively but there are several plans available which give a lot of flexibility to the parents while repaying.</p>
<p>Consolidation Loans: Student Loan consolidation is used when one or more loans taken for education purposes by parents and students are consolidated into one big loan and that is repaid instead of the smaller chunks of loans. Consolidation loans are available for most federal loans, including FFELP (Stafford, PLUS and SLS), FISL, Perkins, Health Professional Student Loans, NSL, HEAL, Guaranteed Student Loans and Direct loans. Some lenders offer private consolidation loans for private education loans as well.</p>
<p>Student Finance Corporation, Newark NJ</p>
<p>If you are living in Newark and are looking for the student finance corporation, newark nj it is known as the HESAA short for New Jersey Higher Education Student Assistance Authority. This authority is the secondary market for loans if living in Newark or any other part of NJ and you feel the need for a federal student loan. The good news is that this authority keeps on coming up with flexible and discounted loans for the students seeking loans in NJ.</p>
<p>For instance in the state of New Jersey the loans are disbursed by the New Jersey Higher Education Student Assistance Authority (HESAA) which is the state’s wing of the Student Finance Corporation. In the case of the New Jersey Student Finance Corporation they waive 1% of the guarantee fee from its borrowers and thus the entire loan amount is used towards education purposes.</p>
<p>Federal State Student Finance Corpration do keep coming up with several programs like this and New Jersey is especially active in coming up programs. Another program that they have come up with is NJCLASS Fixed rate which has an interest rate of 6.4% a good 2% below the PLUS Loans and there is a provision to lower the interest rate further by 0.5%</p>
<p>Author &#8211; Bill Darken &#8211; There&#8217;s a good student loan area along with more relevant general loans assistance such as home, car, and consolidation loans. There are highly informative eye opening articles and up-to-date loans news as well, see it here at Student Finance Corpration or if the previous link is not working, you can paste this link in your browser &#8211; loans-only.com</p>
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		<title>Signature Loans: A Signature Can Relieve Stress Of No Collateral And Bad Credit</title>
		<link>http://bodocs.com/signature-loans-a-signature-can-relieve-stress-of-no-collateral-and-bad-credit/</link>
		<comments>http://bodocs.com/signature-loans-a-signature-can-relieve-stress-of-no-collateral-and-bad-credit/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 08:19:35 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
				<category><![CDATA[Loan Guide]]></category>
		<category><![CDATA[No Credit Check Loan]]></category>
		<category><![CDATA[Online Loans]]></category>
		<category><![CDATA[Payday Loan]]></category>
		<category><![CDATA[Personal Loan Tips]]></category>
		<category><![CDATA[Personal Loans]]></category>
		<category><![CDATA[Poor Credit Loan]]></category>
		<category><![CDATA[Qualifying for a Loan]]></category>
		<category><![CDATA[Working with the Lender]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Credit history]]></category>
		<category><![CDATA[Credit score]]></category>
		<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Loan]]></category>
		<category><![CDATA[Secured loan]]></category>
		<category><![CDATA[Student loan]]></category>
		<category><![CDATA[Unsecured loan]]></category>

		<guid isPermaLink="false">http://bodocs.com/?p=203</guid>
		<description><![CDATA[
 photo credit: Jessica Shannon
The dynamics of loans borrowing procedure has brought new ways of borrowing in the forefront. Signature loans are remote from traditional forms of loans borrowing which requires collateral to be placed as the guarantee of the loan borrowed. Signature loans are provided entirely on the receipt of a signed activation letter. [...]]]></description>
			<content:encoded><![CDATA[<p><img style="border: 0pt none;" src="http://farm1.static.flickr.com/129/319538288_e64bb78ff1.jpg" border="0" alt="Money shot" width="500" height="435" /><br />
<small><a title="Attribution-ShareAlike License" href="http://creativecommons.org/licenses/by-sa/2.0/" target="_blank"><img src="http://bodocs.com/wp-content/plugins/photo-dropper/images/cc.png" border="0" alt="Creative Commons License" width="16" height="16" align="absmiddle" /></a> <a href="http://www.photodropper.com/photos/" target="_blank">photo</a> credit: <a title="Jessica Shannon" href="http://www.flickr.com/photos/33498328@N00/319538288/" target="_blank">Jessica Shannon</a></small></p>
<p>The dynamics of loans borrowing procedure has brought new ways of borrowing in the forefront. Signature loans are remote from traditional forms of loans borrowing which requires collateral to be placed as the guarantee of the loan borrowed. Signature loans are provided entirely on the receipt of a signed activation letter. Therefore, you do not need a co-signer or collateral for it. Signature loans also have another name for them &#8211; character loans.</p>
<p>Signature loans with bad credit can be applied for any purpose. Student college loans, home remodelling, dream vacation, debt consolidation &#8211; all can be funded by signature loans. The maximum amount on a signature loan is £10,000. Loan lenders can offer you a loan amount of £15,000, if your circumstances concur with the requirements. The loan amount also depends on the borrower’s ability to repay. The term for signature loans is usually 60 months.<span id="more-203"></span></p>
<p>Signature loans are offered for a specific purpose. Signature loans can offer excellent aid for the purpose of education. Signature loans for students can offer financial funding to meet the increasing cost of education. Signature loans for student can be combined with Federal Stafford loans, if they need additional money. This can prove to be a low cost alternative. Signature loans with bad credit are available to graduates, undergraduates and graduate in health care.</p>
<p>Signature loans are usually provided keeping in mind good credit history. An unblemished credit history with a positive credit report will be the leading contender for signature loans. Signature loans simply require a signature. A good credit history will ensure you get the loan with no collateral. Business which have good credit and generate profits can easily file for signature loans. Also, if a company can demonstrate good management skills, they can access a signature loan. Getting a signature loan would add to your good credit. Your collaborators and your suppliers would deduce your financial well being from the fact that the loan lender has supplied you the loan simply on your signature.</p>
<p>Good credit can open numerous gates for signature loans. However, that does not mean bad credit signature loans are not possible. Signature loans are a good option, even if you have bad credit. Bad credit, everywhere, is associated with higher interest rates. Higher interest rates usually increase the pressure on your financial situation. But with considerable planning and thinking, bad credit signature loans can and are known to solve many financial impediments. Any bad credit including bad credit signature loans also improve your credit standing. When you pay your debt on time, it will show in your credit report. This is what is required to improve your credit status.</p>
<p>With bad credit signature loan, the first step to know where you stand financially. Make realistic goals with respect to debt. So that you can actually achieve these goals. If your debt condition is alarming, talk to credit managing agencies for help. You can consolidate your debts with bad credit signature loans. Make short term or long term plans depending on your financial situation. This will guarantee that your bad credit signature loans borrowing is a success. Ensure that you make bad credit signature loans payment on time. Otherwise your debt condition will deteriorate and you will find you are further slipped into debt.</p>
<p>Signature loans are becoming popular by the hour and have increased a lot over the years. Signature loans being unsecured take away the burden of having collateral to get a loan. But the fact that you can get cash on your hand may tempt you to make some unnecessary expenses. If you are taking a signature loan with good or bad credit try not to forget that it is a debt. You may get it easily but still it needs to be repaid. But instead of making signature loan an added burden, make it the basis of a strong financial future.</p>
<p>Amanda Thompson holds a Bachelor’s degree in Commerce from CPIT and has completed her master’s in Business Administration from IGNOU. She is as cautious about her finances as any person reading this is. She is working as financial consultant for chanceforloans .To find a Personal loans,bad credit loans,Debt consolidation,home equity loans at cheap rates that best suits your needs visit http://www.chanceforloans.co.uk</p>
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		<title>How Do I Qualify for a Loan?</title>
		<link>http://bodocs.com/how-do-i-qualify-for-a-loan/</link>
		<comments>http://bodocs.com/how-do-i-qualify-for-a-loan/#comments</comments>
		<pubDate>Wed, 10 Dec 2008 07:15:42 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
				<category><![CDATA[Bad Credit Loan]]></category>
		<category><![CDATA[Loan Guide]]></category>
		<category><![CDATA[Loan Requirements]]></category>
		<category><![CDATA[Payday Loan]]></category>
		<category><![CDATA[Personal Loan Tips]]></category>
		<category><![CDATA[Personal Loans]]></category>
		<category><![CDATA[Qualifying for a Loan]]></category>
		<category><![CDATA[Credit bureau]]></category>
		<category><![CDATA[Credit card]]></category>
		<category><![CDATA[Credit history]]></category>
		<category><![CDATA[Credit score]]></category>
		<category><![CDATA[Equifax]]></category>
		<category><![CDATA[Experian]]></category>
		<category><![CDATA[Identity theft]]></category>
		<category><![CDATA[Transunion]]></category>

		<guid isPermaLink="false">http://bodocs.com/?p=193</guid>
		<description><![CDATA[
 photo credit: Lordcolus
Loans are the single most common source of funding, whether for purchasing a home, financing a business, paying off debt, or financing a college education. Before approaching a lender to see if you qualify for a loan, whether your credit scores are ideal or very poor, it&#8217;s a good idea to understand [...]]]></description>
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<p>Loans are the single most common source of funding, whether for purchasing a home, financing a business, paying off debt, or financing a college education. Before approaching a lender to see if you qualify for a loan, whether your credit scores are ideal or very poor, it&#8217;s a good idea to understand as much as you can about the factors that a lender will take into consideration when evaluating your situation and your position as a borrower. Qualifying for a loan can be much easier when you have and understand all of these factors.</p>
<p>To qualify for a loan, a bank or other lender will examine a few key points about you.</p>
<p>1. Ability to repay the loan.</p>
<p>First and foremost, when qualifying for a loan, a lender needs to be reassured that you have the ability to repay the money that is borrowed, and that you are trustworthy enough to make your payments. Lenders want to see your cash flow and if possible, a secondary resource, such as collateral. Your credit scores help them determine if you&#8217;ve paid off credit cards and other loans. Lenders check your credit scores to see if you&#8217;ve made your payments on time, and to see if you&#8217;ve defaulted any creditors. <span id="more-193"></span>If you&#8217;re applying for a business loan, lenders like to see a business that&#8217;s been in existence for a long time, and that it&#8217;s been profitable for a long time. Qualifying for a personal loan or a mortgage is much the same. If you have a credit history that shows that you&#8217;ve paid your other bills, and you have a steady flow of income coming into your budget, chances are good that the loan will be approved. If your credit is questionable, however, it may be of benefit to seek a lender specializing in loans for individuals with poor credit.</p>
<p>2. Credit history.</p>
<p>As mentioned, the first thing that a lender will do to determine if an individual, couple, or business can qualify for a loan is to pull their credit report, usually from <a class="zem_slink" title="Experian" rel="homepage" href="http://www.experiangroup.com/">Experian</a>, <a class="zem_slink" title="Equifax" rel="homepage" href="http://www.equifax.com/">Equifax</a>, Transunion, or another smaller credit bureau. Therefore, before you approach a lender, or even start preparing to request a loan and see if you qualify for a loan, make sure your credit scores are as high as possible. Get a copy of your credit report from each of these three credit bureaus. Review each item on the report carefully, and report any errors that you find. For example, if you&#8217;ve gone through a divorce and a loan was placed in your spouse&#8217;s name, request that that item be removed from your report to not reflect the current history of that particular loan. Watch for items that may not be yours, too. Identity theft and identity errors are common, and it&#8217;s important to protect your credit and remove anything that simply does not belong on your report. Once a dispute is filed, the creditor has 30 days to respond to the credit bureau. If no response is received, the item must be removed from your credit report, and your credit scores will increase. Check your name, social security number, and address at the top of each report to make sure they are correct. Contact each individual credit bureau with questions and disputes before determining if you qualify for a loan.</p>
<p>Qualifying for a loan can also be a matter of being honest, regardless of credit scores. If your credit scores dropped due to a divorce, medical crisis, or job loss, and those issues have been resolved, you can still easily qualify for a loan by explaining these events to the lender. Bad things happen to good people, so be honest and explain and detail these issues in writing, and submit that information along with your loan application to determine if you qualify for a loan.</p>
<p>3. Equity.</p>
<p>Lenders often ask for equity when qualifying for a loan, especially if the loan amount is large, such as to construct a new building for business or purchase a home. In these instances, the building or home itself can be the collateral, and equity is built by offering the lender a down payment. To qualify for a loan, be prepared to offer equity, either with a down payment or some type of collateral.</p>
<p>If your credit scores are high, and if you&#8217;ve never had any financial difficulties, qualifying for a loan should be a fairly simple process. If you&#8217;ve had financial challenges or extreme financial difficulties in the past, be prepared to offer explanation of these problems to the lender when finding out if you qualify for a loan. Seek out a lender specializing in poor credit loans if your credit scores are too low for a conventional loan. You may find that by seeking these lenders, you&#8217;ll easily qualify for a loan.</p>
<p>Regardless of your credit scores, always make sure that the loan payments fit into your current personal or business budget easily, and do this before determining if you qualify for a loan. Not making payments on time can result in adverse marks on your credit reports, reducing your credit scores and making it difficult to obtain future loans.</p>
<p>Rebecca Game is the founder of Digital Women ®, an online community for women in business. A 30 year entrepreneur and dedicated to helping other women find small business loans. Visit her site: Loans for Women</p>
<p>http://www.digital-women.com</p>
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