How To Get A Loan In The US
You may
apply for a loan on or offline. Places to apply for loans include:
- banks
- credit
unions
- finance
companies
Types of
loans include:
- home
("mortage") loans
- car
loans
- student
loans
- personal
loans (for miscellaneous personal expenses)
- business
loans (to build or expand your business)
When applying
for a loan, a bank will examine your:
- income
- credit
rating
- amount
of outstanding debt
- credit
references from creditors
- length
of employment
Research
the interest rate of loans available for your needs. If the rate is
excessive (over 12%) you should consider applying for or using a credit
card instead.
Fair
Isaac is the credit reporting agency responsible for actually
rating your credit, which is based on a number of factors described
here:
http://www.myfico.com/myFICO/FAQ/FICOScores.asp#Q27
