Online Loans The Easy Way to Apply

Written by Paul Heath

Continued from page 1

2)Comparison shopping should be resorted to in order to findrepparttar right lender.

3)Obtaining a pre-approval on your loan application for big ticket purchases, such as a home or a car, would put you on a strong footing while negotiating withrepparttar 149837 seller. A pre-approved application hasrepparttar 149838 following advantages:repparttar 149839 approval is granted for a specific period during whichrepparttar 149840 interest rate atrepparttar 149841 time ofrepparttar 149842 application does not change even ifrepparttar 149843 market rates fluctuate duringrepparttar 149844 period,repparttar 149845 amount available forrepparttar 149846 purchase andrepparttar 149847 repayment amounts are known even before you beginrepparttar 149848 buying process.

Online loan process:

The online loans process works inrepparttar 149849 following manner: 1)The first step is to fill outrepparttar 149850 online application form. 2)The lender reviews your creditworthiness and assesses your financial net worth. 3)Based uponrepparttar 149851 review,repparttar 149852 application is either approved or denied. 4)Hard copy of loan contract is sent torepparttar 149853 borrower. 5)Documentary evidence maybe called for to support claims made onrepparttar 149854 application form.

Market players inrepparttar 149855 online loans market: 1)Loan brokers: These are agents representing several lenders. They do not lend money. 2)Direct lenders: They offer you loans directly. These are financial institutions that lend yourepparttar 149856 money.

This article may be freely distributed providing no alterations are made torepparttar 149857 text andrepparttar 149858 links remains intact.

Copyright ©

For home loans & finance please visit us at

Debt Management – Watch Out for Bank Fees!

Written by Charles Essmeier

Continued from page 1
check their bank statements carefully. Automatic teller machines are certainly convenient, but their use is now mandatory at some banks for no-fee transactions.

Something else consumers should watch out for is overdraft fees. Many banks now offer overdraft protection; you can use your debit card or checkbook to make purchases that exceedrepparttar balance in your account. In years past,repparttar 149836 bank would have returnedrepparttar 149837 check or deniedrepparttar 149838 debit purchase; now they letrepparttar 149839 purchase go through. This comes at a cost;repparttar 149840 average fee for an overdraft charge is $25. Should you exceed your balance by a mere $10,repparttar 149841 $25 charge amounts to a 250% interest rate onrepparttar 149842 short-term loan of ten dollars. The overdraft business is a good one; banks nationwide earned about ten billion dollars last year on overdraft charges alone.

There are many other situations that banks use to tack on fees, and some of them aren’t all that obvious. In order to make sure that your bank isn’t charging you more than you’d like for your business with them, make sure that you read your statement carefully. If not,repparttar 149843 “convenience” of banking could come at a high price.

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including, a site devoted to debt consolidation and credit counseling, and, a site devoted to information regarding home equity lending .

    <Back to Page 1 © 2005
Terms of Use