3 major reasons loans get denied.

When you are applying for a loan there are few things that you can do to improve your chances of an approval

1. Credit report information.

Pull your credit report and go over your name, address and employment information. Correct any misspelled names and addresses.

2. Applying to 10 places at once.

Never apply for more than 2 loans a month. Lenders can see that you are desperate. It is one of the main reasons for a denial.

3.  Upfront fees.

Lenders or brokers that charge upfront fees usually have very low approval rating. When applying for a personal loan always look for companies that will use your own records.

Hooefully this will help you with your money hunting. Come back next week for more help.

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