Online Loan Applications
Lately I have been doing some work for a customer of mine that I was initially a little unsure about. So I thought I would blog about here and see if there was any reaction within the online community.
These are short fictional stories about people who are looking for loans. Basically anyone who falls into any of these descriptions has not got a hpe in hell of getting a loan. Some of them are down right funny, while others are so sad that you wonder what these people would do if they were real.
Reality or Imagination
The problem is that based on the reading I have done over the years and the stories we watch on TV, there are millions of people that fall into the category that would never qualify for a loan. In fact they should never be given a loan since they have no way of ever paying it back. They either do not have enough income, or if they do they have no idea of how to manage their money and would treat the loan as almost like winning the lottery.
Now before everyone gets upset with me, I am just reporting what my opinion is. There are thousands of people who do not fit into this category, but there are a lot that do. For those people someone must sit down with them and show them how to manage money, how to save money and how to build up a good credit rating.
Again, all of those people who might be mad at me at this point should stop and think for a minute. What have you done lately to help anyone who needs a loan, who needs some cash and who needs help to manage their money? In other words don’t throw stones when you live in a glass house.
Anyway back to the online loan applications. I wonder how many people actually apply for loans online and give such crazy stories that they will never even be considered for a loan?
For example!
What about the guy who just got out of jail? Does not have a job and barely has enough to get by on. He could apply but would not be considered.
What about the person who has huge credit card bills, a so so job and bad credit. Would you ever loan them any money. Not me.
What about the person who is perpetually late on making their payments? Loans, credit cards, utility bills, it really does not matter. What matters is that all of this gets put on a credit report somewhere and they get to have the worst credit rating possible. No loan for them.
Summary
So if you are looking for an online loan application, try to make some sense out of it and have a good story that the loans manager can at least consider. No bad credit, no late payments, limited debt, good job , well paying job, a job that you have worked at for a while and a history of repaying loans. You just might qualify for a loan!
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