Is Saving a Virtue to Retire in a Low Interest Rate Environment?
Businesses and markets go in cycles. In tough economic times, people lose their jobs, spending decreases and businesses start slowing down. All of a sudden, banks find it a little more risky to lend, and those who want a loan find it harder to get approved. Fortunately, banks don't stop lending altogether, and there are some
steps potential borrowers can take to increase the chances of getting a loan. There is one disclaimer: most of the banks' interests are aligned with yours. If a bank think it's too risky to provide you with a loan, then it is probably not a good idea for you to get one. With that out of the way let's get into it.
Make Yourself Attractive To Lenders
Understand What Drives The Lender
Give The Lender A Leg Up
Come In With Collateral
Give Yourself Some Credit
Understand The Loan process
Consider Alternative Borrowers
Weigh Other Options
Read This Before You Give Up
Find Your Loan
Personal FinanceUse the 5 "W"s to finance your dreams without banking on a second signature.
Small BusinessIf you need to borrow money and your credit is making it tough, this new option may be just what you're looking for.
Personal FinanceAttempting to help a loved one with a cash loan can put a strain on your relationship - and your bank account.
Personal FinanceLearn about different avenues for applying for a personal loan, and learn valuable tips to help you get your personal loan application approved.
InsightsGet a deeper understanding of the importance of interest rates and what makes them change.
Personal FinanceLearn how a loan officer thinks, so that you can get the best and safest loan.
Personal FinanceTerms can vary tremendously, so you better shop around, both in person and online.
Managing WealthYou never want to borrow money for frivolous reasons, but these five circumstances might warrant it.
Personal FinanceLooking for an alternative source of financing for a personal loan? Take a look at these companies.