Sometimes, telling the truth is looking for troubles. However, you are often better off telling the right things to the right people in order to gain their trust. Your relation with your banker is very similar than your relation with your girlfriend/boyfriend. He needs to feel that you are honest about what you are [...]
I will first start with the things that you should not say to your banker when you go and see him. Remember, banks are not there to help you out; they are in the business of making money without taking any risks. Anything you say related to a urgent need for credit will scare [...]
This is an interesting question that each applicant for a loan must ask his or herself in order to get the best rate and terms. It is important to ask the loan company the requirements that they have first before you ask someone to be your co-applicant/guarantor. For instance, there may be income requirements [...]
As loans get harder and harder to apply for, it may not be long before a friend of family member asks you to sign on a loan as a co applicant. Often, if a person cannot get a loan on their own, they can gain loan approval by adding a co-applicant with a higher [...]