How do you get a loan if your debt to income ratio is poor?
Thanks for your help.
Answer:
You must have a really secure job or some assets
depends on your credit score. see some tips on moneysupermarket website, they can check yours, and see if you qualify for a loan.
The reasons that these standard exist is that they tell you (and the lender) when there WILL be problems.
If you borrow too deeply into that debt/income ratio, you will have to depend on good luck. One little spell of bad luck and you're hurting bigtime.
I'd suggest restructuring your debt (sell off stuff, consolidate, etc) as the first step.
if you looking for great lenders for unfavorable conditions
http://www.wesayes.com is the place to start
Rethink the idea of a loan, you already have a lot of debt,
why do you want to have more debt??
This might be the time to concentrate on reducing your
current debt instead of increasing the debt you now owe.
Try searching "high risk personal loan " at this site
http://online-mortgage-shoppers.com/.
The search function here brings up some interesting results, a little time browsing this site may bring you the information you are seeking
Don't be mislead by the name of this web site, you can find information on all types of loans here.
if you need links for credit cards,
here's tons of free info:
http://credit-cards.ebookorama.com.
and here http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com.
if it helps please remember me :-)
good luck!
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