Beware: Loan

Be fair, attentive, and customers
will return.

There are many reasons people
apply for a loan. Beware of the
interest rate circling its waters.

The loan comes with a big interest
tag. Do some research on interest.
Find out how to get a bargain rate,
or a rate that's comfortable for you.

Ask yourself this question, and
think about it carefully.

Is this the right time to apply for
a loan?

If yes, don't allow yourself to be
pushed into borrowing money you
don't want, or will have trouble
paying back.

When it (an offer) appears too
good to be true, depart in the
opposite direction.

Search high and low for the best
quote. Yes, contact many
companies. You decide what
best suits your needs.

"This is the best deal you'll
get." A company representative
said.

Don't believe it. Instead, contact
other companies, and see for
yourself.

Remember, a loan effects your
life, and credit rating. Your credit
rating determines if you'll get some
jobs, apartments, just about
everything. So, it's best to take
your time, and find the perfect fit.

Be slow to expose your need for
the loan. Talk about the interest
rate, other details pertaining to
it.

No, I'm not saying mislead anyone.
Your financial information shouldn't
be the topic of conversation,
initially.

"Why?" You look concerned.

It weakens your position.

Your income is discussed
during the process. Once you
have agreed to the loan, the
topic comes up.

Have a clear understanding of
what the contract says.

Take time to read it.
Ask questions.

It's an exciting time.
Still, read the fine print.

There is no such thing as a
stupid question.

Avoid signing a half filled in
document, or one that is
blank. Make sure the contract
has the terms that were
discussed, and/or agreed on.


In summary, apply for a loan if
you have made the decision to
do so. Don't be pushed into it.
Take your time when looking
for the right institution to
address your needs. Don't
reveal too much before
knowing details of the loan.
Never sign a blank, half-filled in
contract. Make sure the document
has the agreed on terms listed.