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A Brief Look at Homeowner Loans
Homeowner loans are useful ways to get the things that you need… a loan based on the value of your house, yours to use in whichever way that you need it most. Unlike some financing loans which can only be used for very specific purposes, homeowner...
Bad Credit Bill Consolidation Loans
A bad credit bill consolidation loan may be one of the best
options available if you have bad credit and a lot of debt. A
bad credit rating can be fixed, but it is much harder if you
still have outstanding debts.
The best way to improve...
Design Cheap Debt Consolidation Loans On Your Own
Why will a person look out for debt consolidation loans in the
first place? Definitely to escape the high rates of interest
that he might be paying on debts. So, it is implied that the
debt consolidation loans will be inexpensive or cheap....
Personal Loans For Bad Credit- Credit Profile Sees A Decline In Loan Decisions
After Mrs. Denise, your next door neighbour, came back from his
second trip in a month, you were bound to marvel. What makes
Mrs. Denise, who is on the same rank as you, enjoy innumerable
expensive holidays, when you have your wife and kids...
The Truth About Endowment Loans
Chances are you've heard of an endowment mortgage, but you're not quite sure what it is. Nowadays this unique type of mortgage is in the news everywhere and is receiving a bad rap from many people. So what's the truth about an endowment mortgage,...
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Loans for Self-Employed
One of the most fundamental details that all banks will look for
in all loan applicants is a steady, dependable income. The
amount of this income will decide how much the applicant will be
granted. If there were no dependable income, then on the face of
it, it would appear to a lender's calculation, that the loan
amount should be zero. This is the traditional method of
calculating personal loans.
Self Employed Business Loans
Business loans are calculated on a different basis. They do not
need to show guaranteed income. In fact to do so would be
impossible for most business. So banks came up with an
alternative way of calculating business credit worthiness. This
involved assessing past earnings, assets, debt and liabilities.
A similar model is now in place for self-employed loan
applicants. Instead of showing them evidence of your salary, you
can instead show the bank what business you're in, how much
you've been earning and for how long, how the business is likely
to continue and current debts and liabilities. All of this
information will then go into assessing your income, your risk,
and how much you can afford to borrow.
Difficulties Being Self Employed
There are still some difficulties involved in borrowing for the
unemployed. For example, if you haven't been in business for
very long, it will again become difficult for lenders to assess
your level of risk. Usually they can get a pretty accurate
picture of what your earnings are going to be by looking at the
amounts of previous years. If the income has been steadily
increasing or decreasing, they may wish to take this trend
into
account but basically, they will be assuming that you continue
on as you have been trading thus far. This becomes impossible if
your business is very new. There will be no trading record or
past earnings to rely on.
Another difficulty that you will face is that many lenders may
still treat the self-employed as a greater risk than
traditionally employed. It is a simple fact that new business
fail more often than more established businesses. They also fail
more often then lay-offs occur. So the risk may still be treated
as greater and this will be indicated in the terms and interest
rates you receive.
The Future
All this seems to be changing as employed people switch from job
to job more frequently than before. This makes them less
reliable, and the self employed are gaining a reputation as good
borrowers, the rates you receive should begin to get closer and
closer to those of salaried applicants.
Joseph Kenny is the webmaster of the loan information sites
http://www.selectloans.co.uk/ and also
http://www.ukpersonalloanstore.co.uk. At the Personal Loan Store
you can find some of the latest personal loans explained in
detail.
About the author:
Joseph Kenny is the webmaster of the loan information sites http://www.selectloans.co.uk
/ and also http://www.ukpersona
lloanstore.co.uk. At the Personal Loan Store you can find
some of the latest personal loans explained in detail.
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| Cheap Loans | car, personal & secured homeowner loans ... |
| Compare over 400 UK personal (unsecured) and secured homeowner loans, including car loans, to find the cheapest deals... |
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| E-LOAN: Mortgage Refinance, Home Equity, Auto Loans, Savings ... |
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| Loan Center - Yahoo! Finance - News, Education, Daily Rates and ... |
| Loan Center - The Yahoo! Finance Loan Center provides useful tips, calculators, and rate data to help you choose an auto loan, mortgage, or personal loan ... |
| loans.yahoo.com |
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| FREE LOANS QUOTE - the customers champion. Finding you the right ... |
| COMPARE! Let us get you a loans quote with minimal fuss. We're the UK specialists. |
| www.moneyweb.co.uk |
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| Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
| Offers consumer loans for any purpose in the United Kingdom. |
| www.loans.co.uk |
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| FinAid | Student Loans |
| An education loan is a form of financial aid that must be repaid, with interest. ... The interest rate on the Stafford Loan for new loans first disbursed ... |
| www.finaid.org |
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| GovLoans.gov - Find the Right Loan for You |
| GovLoans is a partnership of many Federal agencies and organizations with a shared vision - to provide improved, personalized access to government loan ... |
| www.govloans.gov |
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| Loan - Wikipedia, the free encyclopedia |
| Bank loans and credit are one way to increase the money supply. ... Abuse in the granting of loans is known as predatory lending. ... |
| en.wikipedia.org |
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| Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
| Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
| www.quickenloans.com |
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| Mortgage Loans - Compare Mortgage Rates - MSN Money |
| Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. |
| moneycentral.msn.com |
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| The Student Loans Company Ltd. |
| Provides details of the Student Loans system which is part of the Government's financial support package for students. |
| www.slc.co.uk |
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| Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan ... |
| Apply online for federal and private student loans, consolidate student loans; financial aid and scholarship information for college, graduate school and ... |
| www.salliemae.com |
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| Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
| This page provides content and information related to the Loan Guaranty Home Loan Program. |
| www.homeloans.va.gov |
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| Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
| Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
| www.fool.co.uk |
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| LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
| Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
| www.lendingtree.com |
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| Direct Loan Home Page |
| The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
| www.ed.gov |
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| Personal, home equity loans for union members at Union Plus |
| Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
| www.unionplus.org |
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| Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
| Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
| my.countrywide.com |
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| Secured Loans UK - Secured Personal Loans - accepted.co.uk |
| We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
| www.accepted.co.uk |
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| UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
| The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
| www.ukpersonalloanstore.co.uk |
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