Finance: Online Loans The Easy Way to Apply

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 find repparttar 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 with repparttar 149837 seller. A pre-approved application has repparttar 149838 following advantages: repparttar 149839 approval is granted for a specific period during which repparttar 149840 interest rate at repparttar 149841 time of repparttar 149842 application does not change even if repparttar 149843 market rates fluctuate during repparttar 149844 period, repparttar 149845 amount available for repparttar 149846 purchase and repparttar 149847 repayment amounts are known even before you begin repparttar 149848 buying process.

Online loan process:

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

Market players in repparttar 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 you repparttar 149856 money.

This article may be freely distributed providing no alterations are made to repparttar 149857 text and repparttar 149858 links remains intact.

For home loans & finance please visit us at www.1st-onlineloans.com

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 exceed repparttar

balance in your account. In years past, repparttar 149836

bank would have returned repparttar 149837

check or denied repparttar 149838

debit purchase; now they let repparttar 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 on repparttar 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 End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.com, a site devoted to information regarding home equity lending .

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