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what are low doc loans?

Low Doc Loans – When Should You Get One?

Are you in need of a loan and you don’t want to deal with the endless list of documentation required? A low doc loan can help you get the loan that you’re after. What Are Low Doc Loans? Low doc loans are a loan type that is available for self-employed or small business owners who do not have the necessary documentation required to apply for a loan with traditional lenders. Rather than supplying an endless list of documentation, all you will need is a form of income declaration or reduced income. This may include an accountant’s declaration or a business […]

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How to Get Bad Credit Personal Loans

Do you have a bad credit history? Are you ready to turn your finances around? A bad credit personal loan can help you get back on track. What is a bad credit loan? A bad credit loan is a loan type available to consumers who have a low credit score. As banks tighten their lending, it has become really difficult for consumers to secure loans. If you have a low credit score, it will be even harder to secure a loan. Bad credit loans can help you get out of a tricky financial situation. So if you have a sudden […]

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Practical Advice on Getting Unsecured Loans

Unsecured loans help finance your urgent needs or want when your budget cannot accommodate such expense at the moment. By getting a personal loan you don’t have to use up your savings or shake off your current cash flow just to bridge a present financial gap. This type of loan also helps you get the right amount of money for unexpected expenses without having to put up securities. Here are tips to boost your chances of getting unsecured loans with the most affordable rates: 1. Organise your personal finances Before you apply make sure that your finances are in order. Borrowers […]

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Differences between Short-Term Loans and Long-Term Loans

Nowadays, everyone considers getting a credit for one reason or another, no matter if we’re talking about long-term or short-term loans. Most of the time, you start considering a loan in moments of financial crisis, or because you must satisfy some individual needs. No matter your reasons, there are plenty of private companies or public institutions ready to present you their offer. Now, it is up to you to choose whether long term or short-term loans are what you’re looking for. This article will help you understand the differences between them and decide which one is the best for your […]

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Simple Guide to Low Doc Loans that Banks Won’t Tell You

It is difficult to get your mortgage loans approved when you are self-employed or you’re in the informal job sector. It is because of the unspoken bias against the self-employed as well as new entities and companies experiencing a bad year, or those with seasonal income. Conventional lenders are sceptical about approving their loan applications because they are considered as high-risk borrowers. While employees in established companies can provide employment records, and established business present income tax returns for the past three years—you may not have the financials to prove your income. Corporations who suffered from losses and new entities […]

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Three Major Types of Loans for Home Owners

Most people already have at least one type of loan. But it is comforting to know that there are still other types of loans that you may qualify for, at times that you need it most. Personal loan                  You can use personal loans to pay for emergency expenses. It can be a secured loan, one that uses capital as a security for the loan, or an unsecured loan. While the former often comes with lower interests because its poses lesser risk to the lender, an unsecured loan charges high interests and fees. But, if you use the services of a […]

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Important Reminders When Applying for Personal Loans

Isn’t it refreshing to know that you can always run to your specialised lender for personal loans when you’re having cash flow problems? But, if you want to get the most affordable personal loan out there here are important tips to keep in mind. Make a financial plan You can pay bills, get out of an urgent money situation or consolidate high-interest debts using a personal loan! If you are fed up working for someone else you can use the proceeds of your loan to pursue your passion and make a huge business out of it. But, you could change […]

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You’re A Victim of Predatory Bad Credit Loans Company: Now What?

There are many reasons why borrowers suffer from bad credit score—missed payments, too much debt, high utilisation rate and so on. But, if the reason why you are having troubles with debt is because you have been a victim of a bad credit loans company, it is high time to put a stop to that ordeal. Here are ways to stop a predatory lender from damaging your finances. Check your credit file You could see the complete details of your payments, accrued interests and remaining balance. Study the entries and ensure that you have receipts of the payment you made. […]

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Top Factors That Decide the Rate of the Business Loans

If you are in need of some money to properly expand or maintain your business, then you are looking for some business loans. In this article, you will find some answers to the questions that involve the rates of these loans. Business loans rates depend on the type of loan, the different lenders, and the business’s size. We will sum up the essential factors you need to keep in mind when looking for a loan at a reasonable rate. What Type of Loan Are You Pursuing? Before anything else, you need to decide on the type of loan you are […]

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Low Doc Loans and the Documentation Required

Getting your hands on a loan usually involves a lot of annoying paperwork. You need to bring proof of your payment with a paystub. You need to bring out the tax returns and the W2 forms. You have to pull out bank statements from all of your accounts. Basically, you have to bring in a lot of paperwork that will prove to the bank that you can qualify for a loan. However, not all people can bring this kind of documentation – which is very troublesome if you actually need that loan. In these cases, low doc loans represent a […]

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