If you are looking to borrow money over a period of less than ten years, whether you need money for a purchase or perhaps to repay existing debt, then a personal loan may be suitable for your needs.

Personal loans are just another form of credit. If you are considering a personal loan to run alongside other forms of personal credit such as overdrafts and credit cards, you must give careful consideration to whether you will be able to afford total of your regular payments. When considering situation it is wise to take into account your ability to pay were you unable to work due to illness or should you lose your employment.

Frequently lending institution will ask for details of reason you require loan. Although purpose of loan may have little impact on their decision to grant money, it can have some influence on maximum term of loan.

It is more likely that larger sized loans, for purchases such as cars, home improvements etc. will result in a longer repayment term. It is not uncommon for purchase of a car to established with a repayment term of 3 years whilst term for home improvement loans can be for much longer terms, sometimes as long as ten years.

Making repayments under personal loans is same as servicing any debt you may have. If you find that you have difficulty in making your repayments, seek advice from your lender at earliest opportunity. The earlier you tell them of difficulties more sympathetic they are likely to be. They may, for instance, accept a reduced repayment until your circumstances improve.

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7. Credit Cards / ATMs - Report lost or stolen credit cards and ATM cards immediately. Be sure to carry 1-800 numbers of your bank and credit card company in your wallet.

8. Destroy Credit Card Mail Offers and Old Financial Documents - If you receive direct or pre-approved solicitations in mail for new credit cards and do not use them make sure you shred or tear them up before throwing them away. In addition, shred all financial papers including cancelled checks, old bank account statements, or any document with your identity.

Most analysts forecast financial fraud and identity thief to cause financial loss to hundreds of thousands people in next five years and beyond. While fraudsters are very slick and you can never be 100% safe steps above can assist in you significantly deterring yourself and family from being a victim.

Copyright (c) 2005, by Jay Fran This article may be freely distributed as long as copyright, author's information and below active live link with anchored text is published with article

Motorcycle Financing Guide - Bad Credit Motorcycle Financing - Financing

Jay Fran is a successful author and publisher at http://www.motorcycle-financing-guide.com, a comprehensive resource on bad credit motorcycle loans, motorcycle financing, military motorcycle loans and online motorcycle loans.