If you have ever filed for bankruptcy, you know that it can completely damage an individual’s credit scores and interest rates. People declare bankruptcy for different reasons. Some may have medical bills, others may have lost their jobs, be going through divorce, or defaulted on personal loans. Unemployed people frequently have to declare bankruptcy because of the scarcity of jobs in today’s economy.
Individuals who file for bankruptcy are able to begin with a fresh start—little or no debt! Bankruptcy stays on an individual’s credit report for seven to 10 …
Read This Article →If you are thinking about trying to take out a $15000 personal loan, the first thing that might occur to you is whether or not it can actually happen. The fact is that banks and lending offices have to weigh lots of different factors against each other before handing over this much cash, and when the economy is at it’s worst, lending offices tend to tighten up the reins even more. If your credit is good and you know you can get approval for a $2000 loan, you …
Read This Article →If you are seriously late on your mortgage payments and facing foreclosure, you may qualify for a traditional loan modification. Modifying your current mortgage is a great way to put an immediate end to the foreclosure process, and there’s a good chance you will qualify if you can prove that you can’t afford your current mortgage payment. People all over the country are using this option to stay in their homes, particularly in states with very high foreclosure rates such as Nevada and Arizona. Loan modifications don’t always go through, …
Read This Article →A stated income home equity loan is a type of loan people consider when they are either self-employed or involved in some other type of profession where proving income is difficult. As the name implies, people who need stated income home equity loans can simply tell lenders how much they earn when applying rather than providing lots of documentation for proof. There are additionally some people who opt for stated income loans even when they can prove their income because it’s easier. According to Forbes, stated income loans are …
Read This Article →It is entirely possible to get approval for debt consolidation without owning a home. There are many organizations and lending offices that offer debt consolidation to people who are not homeowners, although it is true that you might get a better interest rate if you are a homeowner. Here are some tips for debt consolidation approval:
Shop Around Until You Find the Lowest Cost Consolidation Plan
You should never settle for the first organization or lender who grants you approval for debt consolidation. First, you need to find out how …
Read This Article →Many unemployed people are in dire need of money for various financial emergencies, and the reality is that the average jobless person cannot realistically obtain a low cost personal loan. Lenders need to know that borrowers have the means to pay them back. People without jobs might be tempted to apply for unsecured unemployed loans, but this might not always be the best option.
Problems with Loans for the Unemployed
According to Washington State’s Attorney General AG McKenna, many lenders advertising unsecured unemployed loans are fraudulent. Organizations offering …
Read This Article →Getting an unsecured personal loan can be a tedious process. You usually have to fill out a lengthy loan app and then wait for an undetermined amount of time for the bank to approve your loan. If you have bad credit, the lenders might demand collateral before loaning you the money. The good news is that there is still a way for you to get an unsecured personal loan. Instant decision loans also come in unsecured form.
Traditional Loans vs. Instant Decision
While it’s true there are many advantages to …
Read This Article →As of 2010, the state of Arizona had the third highest foreclosure rate in the nation according to the Arizona Capitol Times. Some citizens of the state might believe losing their homes is inevitable, particularly if they need 3000 fast to save their homes with no way to get their hands on the money. A loan modification might be the answer to such a dilemma.
How do Arizona loan modifications work?
Loan modifications in Arizona work basically the same as anywhere else. The borrower makes an agreement with his …
Read This Article →If you can’t get approval for debt consolidation through a bank, you have the option of using payday debt consolidation. This type of repayment plan is similar to getting a payday loan, but instead of using the money you borrow as you see fit, the company offering the plan will use the money to pay your creditors for you. With most payday consolidation companies, your monthly fee for their service comes out of your paycheck either weekly or monthly depending on how you have it set up. MSN Money recommends …
Read This Article →If you need a $25000 personal loan, chances are good that you’re looking to make some type of big purchase like a car or something equally expensive. Regardless of your reasons for needing the money, your chances of getting approval for a loan of this amount are best if you have a good credit score. MSN Money reports that applying for any type of loan, including a large one, could hurt your credit if you already have a lot of other loans to pay on, so think about that …
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About The Editor
Maria Schubert is the editor of Instant-Loans.org. Originally from San Diego, Maria graduated from USC with a Bachelor's in Accounting, Certificate in Banking, and Certificate in Entreprenurship. Before joining our website, Maria spent time as a lender at a prominent Florida bank.In addition to working with our staff and contributing to Instant-Loans.org, Maria enjoys golfing, asian cuisine, thrifty shopping, the beach, and a great novel.