Personal Loans

Effective tips for getting your Personal Loan Approved

If you need money for a personal expense, such as a wedding or vacation, you will definitely need to consider getting a personal loan. Not everyone who applies for this type of loan gets approved, which is why it’s so important that you get as many tips as possible. The more of this information you get, the better your chances will be of getting your application approved without any issues at all. This article will help you with getting your personal loan approved so that you can get the money you need right away.

Determine what type of personal loan you need

There are numerous types of personal loans that you will have to choose from, so you will need to know what your options are like. There are secured loans, which require collateral (home, car, etc.), and there are unsecured loans, which do not require any collateral. Some of the different personal loan options include auto loans, mortgages, payday loans and even credit cards. When you take the time to get information on each type of loan, you will be able to decide on the right one for yourself.

Check your credit score

You should avoid applying for any loans until you know what you don’t qualify for. It is important that you avoid just applying for lots of loans to see which you get approved for, because each time you apply your credit is going to take a small hit. Take a long and careful look at your credit report so you can see which items are on it and if there are any mistakes. Sometimes people have items on their credit reports that shouldn’t be there, so you will need to make sure that isn’t the case.

Improve your Credit Score

If you don’t have a very high credit score, you will definitely want to start working on improving it as much as possible. By doing this you will greatly improve your chances of getting approved for whatever kind of loan you are after. An excellent credit score is just 760 or higher, a good credit score is 700 or more, and a fair credit score is 640 or higher. While it’s true that even those with bad credit can still get a personal loan, it will be much easier if you have good credit.

Find the right Lender

If you have a credit score of below 700, you will probably be turned down for a loan by most banks, but don’t let this discourage you. There are plenty of different lenders that you can borrow the money you need from, but you don’t want to choose just any of them. The more time you take to find the right lender, the better your chances will be of getting a great deal on your loan.

You will need to make sure that you choose a reputable lender that you can trust, because otherwise you are really going to regret it later on. Considering just how many different lenders there are to choose from, you will certainly want to do your research.

Only consider online lenders

If you really want to increase your chances of getting approved for the loan you need, you will definitely want to only consider online lenders. These days there are plenty of reputable online lenders, but you will still have to take the time to do your homework. There are still plenty of disreputable and unscrupulous online lenders out there, which is why it’s so crucial that you take the time to make the right overall decision.


While it is true that a personal loan can be extremely helpful for many people, you will want to make a point of considering all of the things mentioned in this article. Even those with bad credit can still get a loan, but it might just require a bit more research and work. Whether you want to buy a new car or even a house, a personal loan can be a wonderful thing. The more time you spend researching your lender options, the more you increase your chances of getting the best possible deal on the loan you are looking for.

Student Loans

Best Student Loan Tips for Recent Graduates

If you have recently graduated and have some hefty student loans that you need to get rid of, it is highly recommended that you take the time to look into some of the different tips that could help you out a lot. These tips could prove useful when it comes to taking care of your student loans in a very fast and effective way. The more of this information you get, the better your chances are going to be of securing your financial future.

Know your loans

You will absolutely need to keep track of everything related to your loans, including the lender, balance and repayment status for each one. These details will determine your options for loan repayment as well as forgiveness, which is why it’s so incredibly important that you have all of the information at the ready. You will be able to go online to see the loan amounts and repayment status for all of your federal loans. If you aren’t sure about any of these details, don’t hesitate to go online and look.

Know your grace period

It is also a good idea to know what the grace period is for your loan. The grace period is the amount of time that you have between graduation and when you need to start making payments on your loans. Different loans have different grace periods, and it is essential that you know what yours is. The last thing you want to do is to default on your student loans, because your credit is going to take a huge negative hit. When you know what your grace period is, you will know when you have to start making these payments.

Stay in touch with your lender

You should definitely remain in touch with your lender and inform them whenever you move or change your phone number or email address. If your lender happens to need to contact you for any reason, it could cost you in a big way if they are not able to. Always update the lender with this sort of information when necessary. You should also remember to open and read every piece of mail that you get from your lender, as it could be extremely important. Also, talk to your lender if you are having problems with paying off your loans. Chances are you can work with your lender to come up with a plan that works for both of you.

Choose the right repayment plan

The repayment plan that you select for your loan is going to be crucial, so you will have to make sure that you make the right decision. If you don’t want to have any issues with paying off your student loans in the future, you will need to make a point of looking into your repayment options. When your federal student loans are due, the loan payments will automatically be based on a standard 10-year repayment plan. If you think that you are going to have difficulty covering the standard payment, talk to your lender right away.

Stay Calm

One of the biggest mistakes that people make with their student loans is to panic, which inevitably leads to bad decisions. While student loans can be overwhelming at times, you will need to remember to stay calm so you can handle them gracefully and properly. You can always extend your payment period if you really need to, so don’t worry if you are having problems making payments. There are always options available to you in this sort of situation, which is why there is no reason to panic.


There is no question that student loans can be a real pain for those who have them, but as long as you consider all of the things in this article you should be fine. Always make sure that you contact your lender if you ever encounter a problem with making regular full payments on your loans. You will also need to know when your grace period ends so you know when to start making payments on the loans you have taken out. In the end you will be glad that you got this information.

Car Loans

Best Car Loan Options of 2017

If you are looking for an auto loan, you will find that there are definitely some deals that are better than others. If you really want to get the very best deal on an auto loan, you will have to take the time to do your research. Because there are so many different lenders out there to choose from, it is imperative that you know exactly what your options are like. After you have done this research, you should find it much easier to get a great deal on a loan.


CarsDirect is a car buying service, but it also provides a way for you to get the best possible auto loan. If you need to get one of these loans right now, it is highly recommended that you use this service to your advantage. It has a loan calculator as well as a trade-in calculator, so you will be able to figure out how much you can afford and what your current car is worth. There is no minimum or maximum amount for which you can apply, which is definitely a good thing. One of the downsides is that after you submit your information, you may receive calls or emails from lenders even after you have made your selection.


MyAutoLoan connects customers with lenders for all major loan types. There is also a very handy interest rate estimator that will help you get a better idea as to what you should expect to pay for a loan based on your credit score, location and the type of loan. There is also an extensive FAQ section on the website that you can visit to get answers to any question you may have.

U.S. Bank

You will find that U.S. Bank is one of the most trusted lenders of auto loans, but there are many different types of loans that you can get from them. They have some very competitive rates and consumer-friendly information of the big bank lenders. There are loans for cars purchased from private sellers, which is a problem for a lot of big banks. U.S. Bank does not automatically penalize used car buyers with a higher interest rate, which is definitely nice. The auto loan process itself is very clearly detailed for prospective customers, and there is a special “green car” discount program that reduces rates by 0.5% for buyers who choose certain fuel-efficient vehicles.


LightStream, which is an arm of SunTrust Bank, is a potentially great option for those who are looking for an auto loan and have great credit. You will find that rates start at 2.29% APR with AutoPay for new cars and used cars purchased from dealers. Depending on what your credit is like, LightStream offers secured and unsecured loans. This company will also beat other lenders’ offers and has a $100 guarantee for unsatisfied customers. If you are unsatisfied within the first 30 days after getting a loan, they will actually give you $100 once you complete a service questionnaire.

Bank of America

Bank of America offers all sorts of auto loans, and it’s important that you take the time to explore the options you have here. This bank allows for vehicles up to 10 years old with 125,000 miles. Interest rates are very competitive, and current Bank of America customers are eligible for interest rate reductions. There are over 5,000 different Bank of America branches across the U.S., so you shouldn’t have a problem finding one in your area. This is really one of the better auto loan lenders in the country right now.


Because there are so many different lenders that you can go to for an auto loan, it is crucial that you take an adequate amount of time to see what your options are like. The more time you spend doing this research the better, because you definitely don’t want to end up paying more than you need to for your loan. If you are in the market for an auto loan, this information and research will help you out quite a bit. The lender you choose will ultimately determine the terms of the loan, which is important for obvious reasons.