Have you ever wondered what happens once you hit submit on a personal loan application? Wonder no more, as I explain some of the key steps and how to improve your chances of having a personal loan approved.
Assessment of your ability to repay a loan is generally calculated over five years, so because a casual or seasonal worker might not have any shifts or be working the next week let alone the next year, lenders may not be too confident that you will be able to make the repayments.
There are companies out there that can help you, but credit repair comes at a fee, so here are a few questions you can ask yourself to help you work out which approach is right for your situation.
Have you seen an interest rate advertised for a personal loan but you got offered something completely different? Here I explain why this can happen and things you can do to try and get a better rate.