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Personal loan
3 Factors that increases your chance of securing a loan
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[QUOTE="Abigael, post: 139317, member: 25357"] We all come to a point in our financial lives where taking a loan is the only option left. It could be from a bank, online loan lending applications or other loan lending institutions. Most of those loan lending companies will not give you loans easily, so here are factors that I have observed to increase your chance of paying back the loan: [B]1. Clear ability of paying back the loan - [/B]this is in such cases where you are running a good business or you are employed and receiving a good amount of salary. [B]2. Having a positive credit history - [/B]when they see that you have been good at paying back your previous loans, the institutions do not get a hard time giving you a loan. [B]3. Giving a high quality collateral - [/B]banks especially will require you to give collateral before taking a loan. So giving them something that is equivalent to the amount of loan you want increases your chances of qualifying for the loan. What other factors do you think increases a person's chances of securing a loan? [/QUOTE]
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3 Factors that increases your chance of securing a loan
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