Premier Wealth Strategies
The Insider's Guide
To Loans With Little Or
How To Get A Loan No Matter What You Circumstances Are!
Credit Secrets No One Will Tell You!
One In A Million Lenders!
PREMIER WEALTH STRATEGIES
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reproduced or utilized in any form or by any means, electronic or mechanical, including
photocopying, recording, or by an informational storage and retrieval system without written
permission from the copyright owner. Any violators will be prosecuted to the full extent of the
law. Printed in the United States of America.
CONGRATULATIONS, You now have in your possession the key to borrowing at least
$15,000 and even up to $250,000. In the following pages, you will find names and addresses
of companies and individuals who loan money to people who think they will never and could
never receive a loan from anyone because of bad credit, no credit, or maybe because they
are self- employed. Hundreds of companies have been rooted out of this program because
they will not loan money to anyone who might have some bad credit. You can receive more
than one loan, just be careful not to over extend yourself with large payments. We are only
able to provide you with this valuable insider secrets since we are not a lender. Some of the
organizations may charge a fee in addition to the fee paid to us, but are often willing to loan
money to people just like you.
The information contained within these pages will help you get loan money no matter
what you circumstances are. This information will change your entire financial future. Before
putting together this information, I told a few friends how to get money for anything they
needed- and they were very excited. The told me when publishing this information that I
should make the type size large and put lots of pictures in it so it could take up over 100
pages. Obviously, I decided not to do that. I knew that the reason you ordered this
information was so you could get an accurate and easy way to get the money you want at a
rate a lot lower than you might have thought.
You may have ordered this information because you are undergoing difficult times
financially. Or perhaps, you need extra money to start a business or go on vacation. Whatever
your needs, the procedures outlined here can provide you with the money you desire even if
you are bankrupt and unemployed.
If you do not receive your loan for at least $10,000 then we will refund your fee
according to our company refund policy, All we ask is that you send us a copy of the loan turn
down notice. This helps us to monitor the effectiveness of this program and we can also give
you further suggestions to make sure you get your loan. When preparing your presentation to
these companies, please make them as professional as possible, but very simple to
understand. Explain the purpose of your loan and if its for a business venture, you need to
give some idea of what kind of profit your project will make.
This information is separated into three sections:
How to get a loan no matter what your circumstances are.
Credit secrets no one will tell you.
One in a million lenders.
Determining which section applies to you will vary according to your individual
circumstances. If you are in bankruptcy or have very poor credit, read the section on How to
get a loan no matter what and then follow up with the One in a million lenders section. If you
have fair credit, you can start with the section Credit secrets no one will tell you and then
follow up with the One in a million lenders section. If you have good or no credit, read the
section on One in a million lenders. Actually you should read all the information contained
since you will pick up many tips on how to get your loan as quickly as possible, but the
guidelines I just mentioned will help you get an idea of how all this works-so you can get
started in the quickest way possible towards your loan.
One Client said: "If I would of just had this
information two years ago, I could be a very
rich man today." This man would have paid
$1,000 to have the names and addresses of
these one in a million companies.
HOW TO GET A LOAN NO MATTER WHAT YOUR CIRCUMSTANCES ARE, OR IN OTHER
WORDS, HOW TO GET A GUARANTEED LOAN
What is Guaranteed Loan Money?
A Guaranteed Loan is any loan (business, personal, real estate or venture capital) that is
based upon three criteria:
1. It depends on some person or organization other than the borrower to be responsible for
repayment of the loan if the borrower is not able to repay.
2. The loan is granted by a bank, finance company, mortgage company or similar institution.
3. The loan is based on the borrower's need, and backed up by the person or organization
guaranteeing to repay the loan if the borrower defaults.
Guaranteed loans are very popular with all types of lenders since the lender is
protected twice (by both the borrower and the guarantor) and very few of these loans default
since the guarantor can put pressure on the borrower to repay the loan. This helps the lender
get the money back from the person who borrowed it.
How Does This Work?
A guaranteed loan is just like any other loan, but does have few differences, namely:
1.There are two or more signatures on the loan instead of just one.
2. You can reduce delays in getting the loan since the guarantor's signature can quicken loan
3. A Lender will like the guaranteed loan since the risk of loss, or not being paid back, is less.
Here's what you do.
1. You (as borrower) find out the type of loans and amounts a lender gives and get an
application from any loan institution that loans out the amount of money you need.
2. Then fill out the application-be sure to give full details of the amount needed, how long you
need the loan for, what the money will be used for and any other information the lender asks
3. Then you and the guarantor both sign the application.
4. The money is given to you-not the guarantor!
If you don't like the word guarantor, then there are other words a guarantor can be
known by: A co-maker, a cosigner, a joint signer. Each of these means the same thing. But
the important thing to remember is that a guaranteed loan is any type of loan that is made to
a person or company which is backed up by two or more promises to repay the money if one
of the borrowers is unable to repay and the money goes to the borrower-not the guarantor.
The guarantor is the person or organization that guarantees to pay back the loan if
the borrower is unable or unwilling to repay the loan on time. The guarantor does not receive
the loan proceeds and does not make the normal payments unless the borrower defaults. The
borrower is the person who gets the money and makes the loan repayments.
A guaranteed loan does not cost any more than a "regular" (one signature) loans. In fact,
a guaranteed loan may even carry a lower interest rate since there is less risk
associated with this type of loan.
Here's the kind of Guaranteed Loan Money you can get.
There are many different types of loans you can get using the guaranteed loan money
method. These include:
Personal Loans: Consolidate bills into one payment, Home Improvement, Cars, Medical
Purposes, Schools and education, Vacation, Furniture, Clothing, Appliances, Really any
purpose-just because you want or need the money.
Real Estate Loans: Buy Buildings, Land or Factories, Build for commercial use, Develop
Land, Buy Distressed Property, Down Payment for Real Estate, Property Fix Up, and many
Business Loans: Buy an existing business or start a new one, Buy more equipment, Expand
business, Pay payroll or past due bills, Hire new people, Lease business equipment these are
just some of the ways that Guaranteed Loan Money can be used. As you can see, there are
many other ways it can be used in addition to those above.
How to get a Cosigner, Co-Maker or Guarantor for a loan.
A guaranteed loan is often the only way a person with poor credit, too many other
debts or no credit history can get a loan. Many times a borrower will overlook this simple
method even though there are plenty of guarantor near them who can help them out. There
are a number of easy and proven ways to get the guarantor you need for your loan.
1. Place an ad in a local paper for a cosigner. I had placed an ad in a paper with a circulation
of 100,000 that read: "$15,000 Loan Needed, will repay in 10 months, secured by assets. Call
555-1212." Five people responded ready to give us the money, and four of them said they
would co-sign for a fee- and all this without wanting a credit check. You ad could read
something like the following:
• Wanted: Cosigner for $XX,XXX loan;
Fee will be paid. Call 555-1212
• Get Good fee for cosigning on a $XXX,XXX Business Loan
Secured by assets. Call 555-1212
• Guarantee a loan and earn $1,000 fee, payable after
loan is obtained. Call 555-1212
CREDIT SECRETS NO ONE WILL TELL YOU
Do you have credit problems? We understand!!! Why not borrow from your local
financial institution? Many people have all the right qualities to get a loan, and they are just
about approved for a loan, until the lender sees a credit report and declines the loan. So
some people have figured out how to repair their credit report and give themselves a good
credit rating. It is easy and can be done from your own home fro almost no investment-but
your time-once you know how. We show you how.
Get started NOW! By following the next step.
READ THE FOLLOWING INFORMATION CAREFULLY!
HOW TO ESTABLISH A GOOD CREDIT RATING IN
AS LITTLE AS THIRTY DAYS!
Besides using existing Federal and State laws to maintain a good credit file, this little
known method is good to get an AAA credit rating or cash loans when you need them. To
work this plan properly, you need at least $1,000 to begin. If necessary, you can borrow this
from family or friends. What you will be doing is opening a series of savings accounts and
borrowing your own money until you have established a good credit rating.
These are the steps that you need to take in this procedure
1. Go to a bank of your choice and deposit $1,000.00 (or more) into a regular passbook
savings account. Wait a few days for the account to be posted.
2. Return to the bank to ask for a $1,000.00 loan (or whatever the amount you deposited),
offering the passbook account as security. Since the bank is already holing your money, it
can't lose by lending you the $1,000.00 (or more), and in most cases they won't even make a
credit check because you are borrowing your own money.
3. Now take the $1,000.00 (or more) that you have borrowed from the bank and repeat step 1
with another bank.
4. Get 3 to 5 savings accounts established this way.
5. After you have established several accounts, take the last $1,000.00 (or more) you
borrowed and open a checking account to make small payments on each loan.
6. Wait a few days and make a payment on each loan.
7. Continue paying each week until the balance is paid off.
Now, when anyone runs a credit investigation, your report will show active bank loans
(which are considered hard to get), a checking account and a payment history for the bank
loans. Depending on how much each loan is paid off, a credit investigation will show you with
paid off bank loans, or loans that are a couple of payments ahead. Your credit will look as
good as gold. Now you can go to the same banks and ask for unsecured loans of the same
amount and more. When they see you have credit all over town, you should not have a
problem securing a loan. Using this method, it is very possible to obtain $15,000 or more in a
30-60 day period. You can also get just about any credit card you want using this method.
ONE IN A MILLION LENDERS
Innovative Financing Sources
Each of the companies listed below should be eager to help you as they are actively
looking for people to loan money to. Only write to the ones that pertain to your situation. Be
specific in your first letter as to how much money you need and what the money will be used
for. If you have any trouble dealing with any firm listed, please contact us at once and we will
try to correct the matter.
While the sources on this list are believed to be reliable, no warranty or representation
of any kind is made when dealing with any broker listed. Therefore, neither the author or
publisher assume any responsibility for contracts, agreements, negotiations or other use that
might result from publishing this type of information.
In order to get the full $15,000, you may have to borrow bits and pieces of it from
different lenders. You may or may not get it all at once. But if you keep at it, you will eventually
get it. Make your payments on time and always ask for an increase (usually every six months).
Believe me, they will love you for it.
If the lender asks who referred you to them , just say a friend. Which is the truth, since you
have already read this far, we have covered a lot of information together. And I am glad to be
able to help you-which is what friends do for each other. If you tell a lender the name of our
company, the lender may think we are a credit repair place and refuse to take your
The following pages contain the research as to what we feel are the best loan sources for
individuals to contact. Some have toll-free numbers and these numbers are based upon the
latest information. Please note that some 800 numbers or other numbers may not be
accessible from your location. If this occurs, just try the next number listed.
Commercial banks provide business and income real estate loans along with a number of
business- related services. You can also try your local commercial affiliate for such services.
(Liberal Lending Sources)
Finance Companies Nationwide Who Lend to High-Risk Borrowers
IPC Financial 1-800-872-8608 Unsecured loans
Loan by Phone 1-888-919-6669 Phone Approval
Unsecured Loans 1-800-517-9618 Fast Approval
FPD Resources 1-800-993-6680 Fast Approval
Loans by Mail 1-800-577-5053 Loan by mail service
Angel Funding http://www.getangelfunding.com $35,000 in 21 days
Nation's Credit 1-800-FINANCE Maximum Loan $5,000
Household Finance 1-800-992-4432 Can approve loan in 4 hours.
The Associates Capital Bank 1-800-348-2739 Maximum Loan $35,000
American Investment 1-800-453-9494 Maximum Loan $75,000
Chase Manhattan 1-800-CHASE24 Maximum Loan $25,000
American General Finance 798-0080 National Finance and Discount Co. 323-1691
AVCO Financial Services 942-4891 Nations Bank Financial Serv. 951-2290
Blazer Financial Services 822-6691 Nations Credit Fin. Serv. Corp 733-2900
City Finance Co. 879-2489 Norwest Financial 942-1227
Household Finance Corp. 951-3916 Security Pacific Fin. Serv. Inc 956-9776
ITI Financial Services 800-577-1257 Transamerica Financial Serv. 967-8338
American General Finance 344-2213 ITT Financial Services 800-577-1257
AVCO Financial Services 342-3663 Nations Banc Financial Serv. 344~9100
Blazer Financial Services 471-6216 Nations Credit Fin. Serv.. Corp. 344-9100
City Finance Co. 343-0200 Norwest Financial 344-1345
Household Finance Corp. 342-6010
Norwest Financial 456-7781
Norwest Financial 272-6594
American General Finance 887-0050 Household Finance Corp. 8884990
AVCO Financial Services 722-0122 ITT Financial Services 800-577-1257
Beneficial of Arizona 797-8156 Norwest Financial 881-5616
Blazer Financial Services 790-9097
Alameda, Berkeley, Oakland, San Leondro (510)
American General Finance 836-2232 Household Finance Corp 835-8200
AVCO Financial Services 483-5031 Nations Credit Fin. Serv. Corp. 676-3344
Beneficial of CA, Inc. 828-3730 Transarnerica Financial Serv. 893~885
Fresno, Clovis (209)
American General Finance 224-3816 ITT Financial Services 800-577-1257
AVCO Financial Services 423-5390 Nations Credit Fin. Serv. Corp. 225-2063
Beneficial of CA Inc. 222-3757 Norwest Financial 226-8511
Security Pacific Fin. Serv. Inc. 225-4692
Household Finance Corp. 226-6241 Transamerica Financial Serv. 222-5256
Orange County (714)
American General Finance 547-8251 Fidelity Financial Services Inc. 557-5424
AVCO Financial Services 957-6551 Household Finance Corp. 222-0133
Beneficial of CA, Inc. 556-4530 ITT Financial Services 800-577-1257
Norwest Financial 557-9852
Transarnerica Financial Serv. 480-1080
American General Finance 784-6660 Household Finance Corp 823-1355
AVCO Financial Services 686-6210 ITT Financial Services 800-577-1257
Beneficial of CA, Inc. 825-5660 Norwest Financial 684-9081
Fidelity Financial Services Inc. 353-8481 Transarnerica Financial Serv. 683-2320
American General Finance 485-8034 ITT Financial Services 800-577-1257
AVCO Financial Services 423-5390 Nations Credit Fin. Serv. Corp. 856-1750
Beneficial of CA, Inc. 486-2791 Norwest Financial 726-6661
Commercial Credit Corp. 3624791 Security Pacific Fin. Serv. Inc. 688-8883
Household Finance Corp. 858-0561 Transarnerica Financial Serv. 638-0602
San Diego (619/818)
American General Finance 279-6675
AVCO Financial Services 292-6221 Norwest Financial 223-2403
Beneficial of CA, Inc. 427-9010 Security Pacific Fin. Serv. Inc. 578-6150
Commercial Credit Corp. 673-9681
Household Finance Corp. 278-5361
San Francisco (415)
American General Finance 952-6383 ITT Financial Services 800-577-1257
AVCO Financial Services 661-5560 Nations Credit Fin. Serv. Corp. 615-8060
Beneficial of CA, Inc. 586-1656 Norwest Financial 589~574
Household Finance Corp. 362-4S42 Transamerica Financial Serv. 474-7200
San Jose, Santa Clara (408)
American General Finance 22S-1402 ITT Financial Services 800-577-1257
AVCO Financial Services 267-7060 Nations Credit Fin. Serv. Corp. 377-6200
Beneficial of CA, Inc. 265-7710 Norwest Financial 946-8601
Commercial Credit Corp. 377-6250 Transamerica Financial Serv. 262-3220
Household Finance Corp. 848-3721
Colorado Colorado Springs (719)
American General Finance 598-6362 Nations Credit Fin. Serv. Corp. 594-0061
Beneficial of CO, Inc 577-4232 Norwest Financial 570-1030
Fidelity Financial Services Inc. 471-8932 Pioneer Military Loans 391-1111
American General Finance 744-3351 Household Finance Corp. 695~0360
AVCO Financial Services 972-9744 ITT Financial Services 800-577-1257
BancOne Financial Serv.Inc. 421-6826 Norwest Financial 751-7400
Beneficial of CO, Inc 421-3610 Teller Financial Services 232-3241
AVCO Financial Services 564-6571 Beneficial of CO, Inc. 544-6327
Beneficial of CT, Inc. 735-1841 Household Finance Corp. 330-1770
Greenwich, Stanford (203)
Beneficial of CT, Inc. 8534 138 Household Finance Corp. 325-1561
Hart Ford (203)
Beneficial of CT, Inc. 289-3371 Household Finance Corp. 838-4787
Better Loan Society, Inc. 529-8628
New Haven (203)
Beneficial of CT, Inc. 934-8691 Nations Credit Fin. Serv. Corp. 753-0148
Household Finance Corp. 795-5212
American General Finance 678-2950 Household Finance Corp. 678-8800
American Gen. Fin. (Smyma) 653-8591 Norwest Financial 734-3611
Associates Financial Services 674-3900 Security Pacific Fin. Serv. Inc. 734-5841
AVCO Financial Services 734-4792 Security Pac. Fin. Serv. (Milford) 422-9657
Beneficial of DE, Inc. 678-1606 Transamerica Financial Serv. 678-9514
American General Finance 368-8507 Chrysler First Consumer Disc.Co. 215-891-0413
AVCO Financial Services 738-6110 Household Finance Co (Newark) 836-9095
Beneficial of DE, Inc. 456-1602 Security Pacific Fin. Serv. Inc. 478-8070
Beneficial of NJ, Inc. 609-678-6101 Security Pac. Fin. Serv. (Newarlc) 737-1920
Blazer Financial Services 998-7766
Ft Lauderdale (305)
American General Finance 938-9201 Nations Banc Financial Serv. 970-0041
Associates Financial Serv. Co. 527-0822
AVCO Financial Services 741-7566 Norwest Financial 486-85SO
Beneficial of FL, Inc. 564-7643 Transamerica Financial Serv. 561-0800
Household Finance Corp. 472-1502
American General Finance 721-8225 ITT Financial Services 800-577-1257
AVCO Financial Services 6414440 Nations Banc Financial Serv. 398-8677
Beneficial of FL, Inc. 786-3440 Norwest Financial 733-5310
Century Finance Co. 725-1055 Security Pacific Fin. Serv. Inc. 281-0880
Household Finance Corp. 724-8025 Trans-South Financial Services 384-0354
American General Finance 232-5051 Household Finance Corp. 823-4190
Beneficial of FL, Inc. 558-5586 Nations Credit Fin. Serv. Corp. 558-5586
Del Rio Finance Corp. 681-7401 Norwest Financial 558-1515
Diversified Financial Serv. 621-0190 Trans-South Financial Services 593-9964
First Family Financial Serv. 558-3004
All state Finance 870-6173 Household Finance Corp. 6854563
American General Finance 9354555 ITT Financial Services 800-577-1257
AVCO Financial Services 885-9461 Norwest Financial 899-0909
Beneficial of FL, Inc. 977-3304 Trans-South Financial Services 988-9148
Blazer Financial Services 988-5104
American General Finance 324-6684 First Family Financial Serv. 323-3683
AVCO Financial Services 576-5229 Georgia Smith Finance Co. 324-5674
Beneficial of GA, Inc. 323-7266 Household Finance Corp. 561-6940
Best Finance Corp. 324-2843
Bi-City Credit Co. 596-1585 Key Finance Co. 327-3575
Blazer Financial Services 324-0452 Mac-Co Financial Services 327-6581
Browardway FinanceCo. 322-8815 MannFinanceCo. 324-6411
Brown Finance Co. 322-1442 Mercury Finance Co. 687-3001
Century Finance Co. 322-2544 Nations Credit Fin. Serv. Corp.324-3741
CharterCreditCo. 327-1575 Norwest Financial 324-3643
Choice Finance Co. Inc. 297-5517 Phoenix Finance Services 327~010
Columbus Finance Co. 322-8258 Pioneer Military Loans 685-2005
Consolidated Loan Co. 327-6578 Quick Loan Co. 322-2009
Cook Finance Co. 323-2421
Deerfield Financial Services 569-5575 Trans-South Financial Services 323-2457
Household Finance Corp. 996-0056
Apex Finance Co. 523-5619 ITT Financial Services 800-577-1257
AVCO Financial Services 361-7510 King Finance Co. 524-8855
Beneficial of GA, Inc. 991-8800 Legal Finance Co. 522-8832
Chesterfield Finance Co. 688-8721 Nations Banc Financial Serv. 955-2570
Citizens Finance & Loan Serv. 688-5086 Nations Credit Fin. Serv. Corp. 320-7197
City Finance Corp. 525-7893 Norwest Financial 349-2805
Fleet Financial Center 452-2200 Transamerica Financial Serv. 294-4043
Fidelity Financial Services Inc. 848-2447
AVCO Financial Services 841-4221 Finance Factors LTD 548-3311
Beneficial Hawaii Inc. 533-4202 Investors Finance 533-7437
Devenzon Financial Corp. 841-4100
American General Finance 343-7976 Fidelity Financial Services Inc. 322-2841
AVCO Financial Services 322-1441 Murdoch Finance Co. Inc. 375~6116
Beneficial Idaho Inc. 376-5341 Norwest Financial 376-0252
Blazer Financial Services 376-5454 Transarnerica Financial Serv. 345-5050
Convenient Loan 375 4500
American General Finance 263-2030
AVCO Financial Services 549-2422 Mercury Finance Co. of IL 775-3666
Beneficial of IL, Inc. 708-543-0757 Midland Finance Co. 761-5100
Blazer Financial Services 233-1040 Nations Credit Fin. Serv. Inc. 237-2182
Cosmat Loan Co. Inc. 463-6274 Noble Finance 554-8811
Fidelity Financial Services Inc.721-3051 Tumer Acceptance Corp. 539-8900
Great American Finance Co. 332-7119
American General Finance 633-5737 Household Finance Corp. 399-7095
AVCO Financial Services 395-0655 Mid Arnica Finance Services 633-2270
Beneficial of IL Inc. 398-3833 Norwest Financial 397-7363
American Family Fin. Serv. 842-1095 ITT Financial Services 800-577-1257
American General Finance 889-1511 Mercury Finance Co. 299-0909
AVCO Financial Services 897-0055 Nations Credit Fin. Serv. Inc. 897-8001
Beneficial of ID, Inc. 644-7741 Nichols Finances Services 243-8211
Fidelity Financial Services Inc. 845-7855 Norwest Financial 293-2447
Household Finance Corp. 842-1620 Transarnerica Financial Serv. 841-1447
Des Moines (515)
Action Finance Services Inc. 278-8808 111 Financial Services 800-577-1257
American General Finance 285-7725 Norwest Financial 243-0521
AVCO Financial Services 287-0553 Transarnerica Financial Serv. 222-0303
Cash Credit Corp. 288-3237
American General Finance 522-2286 ITT Financial Services 800-577-1257
Beneficial of KA, Inc. 681-0065 Nations Credit Fin. Serv. Inc. 685-2611
Household Finance Corp. 722-6776 Norwest Financial 683-6546
American General Finance 495-1266 Nations Credit Fin. Serv. Inc. 339-1339
AVCO Financial Services 447-8551 Norwest Financial 239-2177
Beneficial of KY, Inc. 968-5408 Public Finance Corp. 969-3217
Household Finance Corp. 966-8444 Security Pacific Fin. Serv. Lnc. 964-5991
ITT Financial Services 800-577-1257 Trans-South Financial Services 451-2083
Mercury Finance Co. 448-0333
Baton Rouge (504)
Allied Finance Co. 664-0114 Family Financial Services Inc. 926-9120
Allstate Financial Serv. Inc. 383-9091 Fendley Finance Corp. 925-5324
American Fidelity Finances 924-4000 Fidelity National Corp. 927-0005
American General Finance 343-0295 Guaranty Credit Plan Inc. 356-3471
Available Credit Service 356-5241 ITT Financial Services 800-577-1257
AVCO Financial Services 926-5050 Imperial Credit Inc. 383-9033
Baton Rouge Credit 334-0200 Louisiana Credit Inc. 923-2262
Beneficial of LA, Inc. 273-3672 Norwest Financial 923-0681
Blazer Financial Services 356-3324 Premier Credit Inc. 343-5056
Central Credit Corp. 356-4656 Rainbow Credit Center 925-2911
City Credit Corp. 356-3218 Southeast Finance of Baker Inc.774-7094
Credit Plan of Baton Rouge 9284130 Southeast Finance of Baton Rouge 923-1465
Custom Financing Inc. 344-8561 Tower Loan 925-0983
Economy Fin. of Baton Rouge 383-8363
New Orleans (504)
American General Finance 368-1880 Norwest Financial 368-5504
Beneficial of LA, Inc. 394-1194 Nations Banc Financial Serv. 601-864-2305
Fleet Finance Inc. 362-8811 Town Credit 362-9622
Gulfco Finance Co. 341-9557 Sun Finance Co. Inc. 366-2464
Mid South Credit Corp. 340-5020
Beneficial of MA, Inc. 508-927-0250 Household Finance Corp. 849-6132
Nations Credit Fin. Serv. Corp.327-2270 Norwest Financial 321-0440
Kearney Credit Inc. 294-5700 Household Finance Corp. 562-8200
AVCO Financial Services 881-5829 Norwest Financial 633-8463
Beneficial Loan and Thrift Co.888-4154 Park Credit Co. 566-9170
Cash Fair 938-3222 Security Pacific Fin. Serv. Inc.898-1511
Cityside Loans & Savings 935-2116 TCF Financial Services Inc. 544-0454
ITT Financial Services 800-577-1257
Allied Credit Corp. 922-6400
American General Finance 969-9332 Globe Finance Services 353-4677
Beneficial of MS, Inc. 354-1581 ITT Financial Services 800-577-1257
Blazer Financial Services 354-8823 Nations Credit Fin. Serv. Corp. 957-1151
City Finance Co. 354-1286 Norwest Financial 957-0518
Credit Center 939-3323 Personal Finance Co. 936-4473
First Family Financial Serv. 366-3291 Rapid Finance Co. 978-1750
Friendly Finance Co. 353-3487 Tower Loan 982- 1351
St. Louis (314)
American General Finance 227-0307 Midwest Acceptance Corp. 351-8500
AVCO Financial Services 822-8003 Norwest Financial 962-3336
Beneficial of MO, Inc. 227-9500 Normandy Bank 383-5555
GMC Financial 2254466 Security Pacific Fin.Sen.Inc. 949-6677
Household Finance Corp. 291-2510 Southern Leasing Corp. 821-7802
ITT Financial Services 800-577-1257 Transamerica Financial Serv. 838-1000
New Brunswick (908)
American General Finance 494-3610 Household Finance Corp. 549-9300
Beneficial of NJ, Inc. 257-5900 ITT Financial Services 800-577-1257
Nations Credit Fin. Serv. Corp. 201-535-3431
Advance Loan 764~8888 Economy Finance Co. 881-7004
American General Finance 837-1425 Household Finance Corp. 883-9700
Associates Finance Services 884-2971 ITT Financial Services 800-577-1257
AVCO Financial Services 265-8555 NationsCreditFin.Serv.Corp. 883-4444
Beneficial of NM, Inc. 881-8787 Norwest Financial 883-3204
Blazer Financial Services 242-2646 Personal Credit Plan Inc. 881-6767
Cash Loan Co. 247-8300 Southwest Finance Services 883-6691
Associates Finance Services 691-0121 ITT Financial Services 800-577-1257
AVCO Financial Services 674-8050 Nations Credit Fin. Serv. Corp. 683-2783
Beneficial of NY, Inc. 695-0597 Norwest Financial 831-9014
Certified Finance Co. Inc. 692-8880 Transarnerica Financial Serv. 675-0616
Household Finance Corp. 835-8383
Beneficial of NY, Inc. 227-066 Household Finance Corp. 732-0669
American General Finance 786-3433 Household Finance Corp. 825-3000
Design Finance Services 322-5791 ITT Financial Services 800-577-1257
Norwest Financial 883-7655
American General Finance 598-8170 Nations Credit Fin. Serv. Inc. 542-7880
AVCO Financial Services 568-5911 Norwest Financial 568-2246
Beneficial of NC,Inc. 568-6330 PrimericaFinanceService 376-3177
BlazerFinancialServices 536-9972 Safeway FinanceCo. 525-0542
Household Finance Corp. 563-8912 Security Pacific Fin. Serv. Inc. 567-6096
llT Financial Services 800-577-1257 Transarnerica Financial Services 554-8000
Lee Financial Services Inc. 529-0871
American General Finance 896-2300 Household Finance Corp. 633-7986
AVCO Financial Services 630-2642 ITT Financial Services 800-577-1257
Beneficial of OH, Inc. 633-4973 Nations Credit Fin. Serv. Corp. 493-6062
Fidelity Financial Services 630-0903 Norwest Financial 668-2644
A Family Loan Co. 342-0022
American General Finance 224-7333
Avco Financial Services 496-3773 Good Neighbor Finance 664-9090
BPI Express Loan 592-6733 Household Finance Corp. 627-8433
Banner Loans 583-6249 ITT Financial Services 800-577-1257
Beneficial of OK, Inc. 258-6595 Kent Finances 582-1855
Blazer Financial Services 743-2386 Master Finance Corp. 583-5758
BudgetFinanceCo. 584-5626 Money ServiceInc. 584-3161
Cardinal Credit 445-1555 Noble Finance Corp. 224-1067
City Finance Co. 834-0871 Norwest Financial 663-1014
Denton Finance 446-1469 Security Finance Corp. 224-4500
Diamond Finance 744-4092 Standard Finance Services 587-5528
Emergency Loans 592-0252 Superior Loan Co. 584-0461
Empire Finance Inc. 342-3031 Surety Finance Serv. 584-4196
Fidelity Financial Services 622-8292
American General Finance 653-6670 First South Saving Assoc. 381-8000
AD Financial Service 487-4467 Household Finance Corp. 366-8690
Associates Financial Services 391-9790 ITT Consumer Disc. Co. 922-6444
AVCO Financial Service 374-987C' Nations Credit Fin. Serv. Corp. 257-9915
Beneficial Consumer Disc. Co. 923-1757 Norwest Financial 881-6581
Blazer Consumer Disc. Co .823-6610 Security Pacific Cons. Disc. Co. 921-7282
Lemens Finance Co. 478-6441
ABC Plan Loans 478-7272 Loans of TX Assoc. Co. 474-6551
Allied Finance Co. 451-6413 MFC Finance Co. 326-2252
Atlas Credit Co. Inc. 480-0030 Master Loan Service 476-6906
B & W Finance 477-6369 Norwest Financial 454-2671
Beneficial of TX, Inc. 452-0167 Tam Finance Co. 474-7666
Blazer Financial Services 467-0821 Texas Warrant Co. 478-1653
CIC Finance & Rental Service 472-7297 Travis Loans Inc. 478-9548
First State Loan 472-8246 Worker's Finance Co. Inc. 476-7616
ITT Financial Service 800-577-1257 Worth Finance Corp. 476-0661
ABC Finance Co. 817-332-3804
Allied Finance Co. 817-429-7332 ITT Financial Services 800-577-1257
Amicable Finance Co. 942-9933 Justice Finance Co. 642-5470
Atlas Credit Co. Inc. 941-3752 Loan Star Loans 946-2304
Banner Finance Corp. 742-6728 Nations Credit Fin. Serv. Corp. 402-3500
Beneficial of TX, Inc. 341-2900 Norwest Financial 352-0699
Blazer Financial Services 589-2252 Personal Finance Co. Inc. 720-9176
Century Finance 263-7247 Presta Finance Inc. 526-9665
Chesterfield Loan 747-3541 Texas Finance Co. 748-7429
American General Finance 838-4956 Crown Finance Co. 228-5220
AVCO Financial Services 745-4343 Household Finance Corp. 454-3395
Beneficial of WA, Inc. 355-9646 Norwest Financial 625-1165
Cascade Credit Co., Inc. 226-6320 Transamerica Financial Services 562-2302
Commercial Credit Corp. 822-2225
Beneficial of MD, Inc. 301-725-6006 Nations Credit Fin. Serv. Corp. 301-622-0523
Beneficial of VA, Inc. 703-765-0900 Nations Credit Fin. Serv. Corp. 703-631-0040
Signature Loans Through The Mail
Major Financial Institutions- Nationally Which Make Signature Loans Through The Mail
The following institutions like to lend to individuals with average credit ,but will consider lending
to individuals who have had credit problems:
Request an application from the lending institutions directly. When apply assemble as much
information as you can to explain your credit problems. If you have a job and are now
financially stable, they will consider your Ioan request. Provide Ietters from credit bureaus,
creditors and other documentation which will support your ability and willingness to pay.
Maryland National Bank (Loans in DC, MD, VA, DE only)
ATTN: Ruth Anne Mazer
P.O. Box 17384
Baltimore, MD 21203
Customer Service: 1-800-222-3222
Request Gold Leaf Signature Personal Line-of-Credit
Amount: $25,0OO - $100,000 unsecured, no collateral or equity required.
Minimum Income: $25,OOO
Interest Rates: Balances over $20,000 (Prime rate + 2% at a Fixed rate) / or Balances under
$20,000 (Prime rate +3% at a Variable rate).
Request Unsecured Personal Line-of-Credit
Amount: $2,5OO - $10,000 unsecured, no collateral or equity required.
Minimum Income: $20,000
Interest Rates: Fixed rate at 18% or Variable rate - 12% (Prime rate + 1.5%).
If you have filed bankruptcy, after seven years they may consider you loan request. If you
have had judgments against you, they may consider your loan application.
Chase Bank of Maryland (In state loans on}v) 2045 York Road Timonium, MD 21093
Customer Service: 1-800-242-7325 Request Chaseline Unsecured Personal Line-of-Credit
Amount: $10,000 - $20,000 unsecured, no collateral or equity required Minimum Income:
$30,000 if you're single or $40,000 if you're married or filing a joint application. Interest Rate:
16.9% / Terms: Revolving Line-of-Credit.
If you have judgments and delinquent accounts they may consider your loan request.
P.O. Box 5870
New York, NY 10163
Customer Service: 1 800-926-1067
Request Checking Plus Line of Credit
Amounts: $500 - $15,000 unsecured no collateral or equity required.
Minimum Income: No Set
Interest Rate: 18% (Prime rate + 6%)l Terms: Varies.
If you have filed bankruptcy, they will approve your loan request after the bankruptcy has
been removed from your credit report (7 years for a wage earner plan and 10 years for a
Retail Card Services Division
P.O. Box 1011 Hicksville, NY 11802-9940
Customer Service: 1800-648-0555
Request: Gold Visa / MasterCard Line-of-Credit Amount: $5,OOO - 100,000 Minimum Income:
S30,000 Interest Rate: 15%
Request Regular Visa / MastcrCard Line-of-Credit Amounts: Up to $25,000 Minimum Income:
$18,000 Interest Rate: 17.8%
If you have filled for bankruptcy, they will consider your loan request after the bankruptcy has
been removed from your credit report.
The Chase Manhattan Bank (U S.A.), N.A.
*Canadian Citizens Are Welcomed*
P.O. Box 15008
Wilmington, DE 19850-5008
Customer Service: 1-800-441-7683, between 8:30 am -6:00 pm, EST.
Request Chase Advantage Personal Line-of-Credit
Amounts: $2,000- $25,OO0 unsecured, no collateral or equity required.
Minimum Income: $20,000
Interacts Rate: 13.5% / Terms: Up to 6 (six) years to repay the loan.
Will consider lending to individuals who have had credit problems, depending on the
circumstances. If you have or had a bankruptcy or judgment against you, explain your
situation fully when applying.
American Investment Bank, N.A.
ATTN: John Wright
50 South Main, Suite #460
Salt Lake City, UT 84144
Customer Service: 1-800-882-4067 / or call Collect at (801) 297-1050
Request Unsecured Personal Loan
Amounts: $5,OOO - $5O,OOO unsecured, no collateral or equity required.
Minimum Income: $5O,OOO
Interest Rates: 12.9% for New Customers who will repay the loan off in 6(six) weeks / or 16.4%
at a Variable rate / or 18.9% at a Fixed Rate / Terms: Repay the loan off in up to 6 (six) years.
If you have had judgments or delinquent accounts, they may consider your request. If you
have filed bankruptcy, they will only consider your request when the bankruptcy is no longer
on your credit record
Core States Bank of Delaware, N.A.
*Canadian Citizens Are Welcomed*
P.O. Box 8922
Wilmington, DE 19899
Customer Service: 1-800-833-3010 / or 1-800-223-3331.
Request Premier Visa / MasterCard Line-of-Credit
Amounts: $5,OOO - $15,OOO
Minimum Income: $30,000
Interest Rates: Balances over $2,500 - 12.8% / Balances under $2,500 - 14.8%
Request Regular Visa / MasterCard Line-of-Credit
Amounts: Up to $5,OOO
Minimum Income: S12,000
Interest Rates: Balances over $2,5OO - 12.8% / Balances under $2,5OO - 14.8%
This lender may consider you for a loan if you filed bankruptcy or had judgments ten years
ago and these negative items no longer appear on your credit report.
Customer Service: (302)454-55OO.
Request. Gold MasterCard Line-of-Credit
Amounts: $10,000 - $5O,OOO
Minimum Income: $35,OOO - Proof of income required.
Interest Rate: Prime rate + 14.75%
If you have, or had filed bankruptcy this lender will only consider you for a loan after the
bankruptcy is no longer on your credit report. If you have, or had a judgment against you they
may consider your loan request.
(Based on real estate holdings)
United Lending Group
26300 La Alameda, Suite 100
Mission Viejo, CA. 92691
(Get a loan approved in 2 weeks-$20,000-$50,000,
depending on your home equity value.)
Alpha Mortgage USA, Inc.
1-800-219-2301 (Funds in 2 weeks, based on your home value.)
Pacific Thrift and Loan
1-800-562-6784 (Funds in 2 weeks, based on your home value.)
World Wide Credit Corporation
(Offers Loans on "No Equity" for any amount up to $75,000,
less than perfect credit acceptable.)
Unicor Funding, Inc.
United Companies Lending Corporation
New Century Mortgage Corporation
1-800-314-4626 (Offers Easy Qualifier Homeowner loan,
"Regardless of the status of your credit...or your financial circumstances.")
Aames Home Loan
1-800-326-2626 (The company states that they can help you out, even with credit
problems, since it is the equity that matters to them, not income or credit.)
Allied Bank, F.S.B.
(The company states that they can help the self employed, previous bankruptcy, or
Small Business Loans
Elfin Financial Architects Chet Nowlen & Associates
P.O. Box 1633 P.O. Box 6094
Silver City, NM 88062 Jackson, MS 39288-6094
Specializes in small
business and franchise
loans $100,000 to $1,000,000
Capital Formation Inc.
18 Glen Terrace
Stamford, CT. 06906
(Business and Commercial Loans to $75,000,000)
Legal Funding, (funding for lottery winners, mortgage
holders and other annuities) 1-800-990-3382
Money Programs: Billions for Everyone
The Federal Government loans and gives away billions of dollars every year for
everything from homes and businesses, to painter and writers. Look through the Catalog of
Federal Domestic Assistance at your library. ( Be sure to see the chapters on Small Business
and Entrepreneur's, Housing and Real Estate.)
This company has collateral for rent and offers loan guarantees as mentioned in
Section 1: How to get a Guaranteed Loan.
9526 Park Street
Bellflower, CA 90706
Sample Application Request Letter
You could type these letters up on your computer or go to a copy shop and have
them typeset and print them for you.
Loan Company's Name and Address Here
I would like to apply to your company for a personal signature loan to consolidate my debts.
Please send me the necessary terms and information.
Your Name, address, and telephone number here.
TO HELP YOU GET YOUR LOAN APPROVED QUICKLY READ THIS!
A summary of information in easy to read form is outlined below. These guidelines,
should be extremely beneficial in aiding you to prepare your loan request application and
ultimately receiving your loan. We will try to show you what most lending institutions look for
when determining a request for your loan.
When submitting your loan request letter, type or write legibly. Make a good impression
right from the start! Take the time to write high class letters. It is worth the effort! Your
application request letter should be very business like in appearance and should be typed if
possible. You can write your letters by hand, but please PRINT unless your handwriting is neat
and legible. State briefly your need for a loan. Stress sincerity. Also state your current salary.
Be patient. People have a tendency to be impatient with lenders. Do not yield to that
temptation. Having a checking and a Savings account will be to your advantage. If you do not
have both, open an account prior to applying for a loan.
Because of the difficult times we are in, some lenders on the list may temporarily
suspend their loan operations. If you happen to write one that is not taking applications, they
may write back to you and let you know. Unfortunately, some lenders will not bother to reply.
Don't get discouraged! Just write to more companies. PERSISTENCE PAYS OFF!
TYPE YOUR REQUEST LETTERS AS EXPLAINED ABOVE
It is our sincere hope that you will follow the instructions contained in the information in this
report so you can obtain the funds you seek. The enclosed list of lenders are continually
being updated and corrected. Due to the uncertain financial times we live in, occasionally one
of the recommended lenders will temporarily stop making loans, or will merge with another
company. If you happened to find a situation of this type, we would greatly appreciate your
cooperation in letting us know about it so we can update our report.
USEFUL INFORMATION THAT MAY HELP
YOU IN OBTAINING YOUR LOAN
Completing the Loan Application
A creditor who approves your application for a loan wants to make sure he is going to
get his money back. Lenders are not charities. They are trying to make a profit from lending
you money. To insure them against loss, they employ a complex series of scoring and
appraisal systems. While this system may be fine for the people who fit the desired profile,
what about those who don't yet who in their own estimation can be expected to repay the
loan on a monthly basis? In this case, they may need to adjust or shape the applications so
they fit the profile of a "good risk".
It is assumed that you have carefully looked over your financial situation and are
confident that you can make whatever new payments for which you apply. Creditors seek
applicants with a stable and steady income. However, even more important is the knowledge
of your ability and willingness to repay. That is why your credit history must make a good
You must carefully present yourself and your credit history. You can answer the
application questions so as to convince the lender that you really do fit within the limits of their
approval. You must impress a creditor with your sincerity, stability, dependability, and with your
ability to repay the loaned amount, even though you may not fit the standards required of the
The scoring system used by creditors are not only consideration reviewed in granting a
loan. Creditors leave themselves some leeway in making a final decision. They can override a
low score on an application and grant a questionable loan. With a little work, you can
overcome a banker's initial reluctance and get the credit you desire.
Never lie on your application. While you might consider it helpful, lying on your
application may have drawbacks down the road. A number of the items on an application can
be verified, and discrepancies will often cause automatic denial of a credit application. While
reviewing applications, creditors will be able to double check information contained in your
credit report. Your employment and salary can be verified by telephoning your employer. Bank
accounts you list on the application are also easily checked. If you lie on an application for
credit and later are forced to declare bankruptcy, you may not be able to discharge those
debts if the creditor finds out why they were granted under fraudulent conditions.
Despite the risks, some people continue to lie on credit applications. If the person
moves around a lot they may list their permanent address as that of a parent, relative, or a
friend. They may also stretch the length of time at their current residence, usually because it
isn't checked. If an applicant has a cooperative employer or business friend, they may give
themselves jobs they don't hold, inflated salaries, or stretched lengths of employment. When
the creditor calls to verify the information, the debtor's friend vouch for the lies.
Another way debtors inflate their salary is by establishing dummy corporations. The
then issue themselves private stock with an inflated value. On applications they then list this
stock as part of their net worth. In many instances a bank will accept this information as
truthful, having only verified the existence of the corporation with the state authorities.
Knowing how the bank will review the application, you stand a greater chance of
getting the loan approved. If you leave some information out and a creditor is satisfied with
what he does have, Why volunteer it? On the other hand, you will want to include all the
information that will make a favorable impression on the creditor. Appending a sheet of
additional information to the application cannot hurt your chances of being approved, and
might even help sway them in your favor.
Begin by establishing a good foundation prior to your application. Here are several things you
can do to make the approval of your application more certain:
1. Establish a telephone in your name. This will give the creditor the impression that you are
settled in the area. If you cannot afford a new installation, you could "borrow" the number of a
friend or relative. Have the phone company list your name along with their name in the listing.
Make sure they are willing to field any phone calls for you. You could plan to state that your
telephone number is unlisted. However, most creditors will require a home and work telephone
number from you before they approve your application. This will help them to find you if any
2. If working more than one job, list the highest paying on as your primary employment.
Usually, that's the one that requires the greatest level of education and skill. The income from
your second job can be listed under "Additional Income".
3. Clearly state the purpose of the loan. If the loan is for the purchase of expensive
merchandise, you may be required to sign a lien, securing repayment of the loan with the
physical merchandise. This protects the lender to a small degree, making it possible for him to
repossess the items should you fail to repay the loan.
4. Know how well a creditor will receive your request. Some lenders a maintain a lists of
positive and negative reasons for requesting a loan. Positive reasons include borrowing for
educational expenses, to pay for major medical treatment for you or your family, a small loan
to help you establish new credit, home improvements, a vacation, and loans for the purchase
of cars, boats, homes, and real estate investments. Negative request for loans might include
debt consolidation, loans to cover a down payment for something else, cash loans that will be
lent to another party, money for a speculative new business venture, loans to pay a fine or
If you study your status before making an application, and truly believe that a creditor will turn
down your application on the first inspection, prepare in advance to meet and refute every
objection the creditor will present to approving you request. Clarify and lengthen your
response to questions where it's needed. Don't let your application fail only on its initial
inability to meet the standard credit scoring requirements. Make sure you have a good
explanation for every negative point that appears.
Soften objections to your request by having a ready reply. Show that your situation is
not as bad as it may appear. If you have not maintained a permanent residence in the same
location for more than one year, demonstrate that each move was made to improve your
financial earning power as a result of your improved financial status. You want the application
to appear positive. However, don't blatantly mislead the creditor.
Here are a few remarks on some of the basic application questions. Consider your
individual situation and how these factors would color your chances of getting a loan request
Number of Dependents- The bank will use this figure to determine your cost of living. If you
have numerous dependents, you will be required to demonstrate that you have a large
enough income to support them and repay the loan. Don' count anyone as a dependent
unless you are supporting them.
Home- Home ownership is more favorable than renting. However, if you rent you may be able
to show that you have more disposable income than if you owned your home, thereby
increasing your ability to repay a loan. If you owned your home fewer than three years, you
may be considered no more stable than if you were a renter. Be prepared to account for
where you have lived and why. Show that you are a stable part of the community.
Employment History- If you have changed jobs often, your application will be negatively
received. However, if you can demonstrate that each job change was better than the last and
that it increased your salary and improved your position, then it will not be as detrimental.
Present Financial Status- Even if your income from your primary job is low, if you can
demonstrate that you have additional sources of income and that you spend your money
wisely, having a surplus at month's end, you will have a greater chance of being approved.
WHAT TO DO IF YOUR APPLICATION IS DENIED
If you were turned down for credit, do not give up. Be persistent. The Federal Reserve
Board list 20 reasons that you may have been denied credit. You are entitled to know the
reasons you were denied credit. The creditor must disclose why you were turned down.
Generally, the reason will be listed on the letter that you receive denying you credit.
The list below may help you anticipate what might come up. Prepare to meet these
possible excuses in advance. If you go in knowing what you might confront, you can be well
armed against any possible negative response your application might create.
Credit application incomplete Insufficient credit references
Unable to verify credit references No credit file
Insufficient credit file Insufficient income
Delinquent credit obligations Unable to verify income
Insufficient length of employment Excessive obligations
Unable to verify employment Temporary employment
Inadequate collateral Too short a period of residence
Temporary residence Unable to verify residence
Garnishment, attachment Bankruptcy
foreclosure, repossession We do not grant credit to any applicant
Other, Specify on the terms you request
If you are denied credit and decide to appeal the decision, check and see what the
lender's policy of appeal is. The re may be a specific process through which you must go.
Follow this process carefully. If they have no specific guidelines, speak with the people you
dealt with previously. You worked hard to develop that relationship. Capitalize on it.
An appeal is most often made in two steps. First, meet with the creditor if possible.
Fully discuss the reasons your application was denied. Ask how you can qualify for the loan.
Second, submit the revised application for approval.
Find out exactly why your application was turned down. Explain that you know you are
credit worthy. Don't be antagonistic or negative. Be friendly. Get specific answers about why
you were denied credit. What actions could you take that would help get your application
Make any necessary changes and resubmit the application. Make sure you send the
creditor new information on which to base a review. Try hard to provide everything they need
to know, while at the same time making yourself appear in the best possible light. Include a
cover letter with the resubmission of your application. Address it to the lending officer who has
been handling your account. Directly refer to the specific reason you were given for denial.
With the new data you have collected, show how there should be no reason for denial now.
If your application is refused even after an appeal, try a different creditor. Each
creditor is different. You could be turned down at one bank, but accepted by another with no
hesitation. Carefully choose a creditor that you think has less strict credit requirements. Or go
to one in your area that has been actively advertising for new customers. When advertising for
new borrowers, many creditors loosen requirements. Apply to several before you give up.
If your credit application has been denied, many creditors will offer you a secured loan.
A savings account is a long favored method of securing repayment of a loan. You can use an
existing account against repayment of a new loan. Of course, the savings will have to be
deposited with the institution making the new loan, and you may not be allowed to draw
against the principal. However, if the lender has assurance that his money will be repaid, he
will approve the application. What you choose to offer as collateral against your loan is limited
only by your imagination. Examine your current assets and determine which the bank will
prefer to accept as collateral.
Many times, a co-signer can be of invaluable help. Co-signers are folks with
established credit who voluntarily agree to become responsible for the repayment of the loan
should you default. These are usually relatives. Creditors know that a co-signer does not want
to ruin his or her own credit rating, and would be careful to repay the loan if a problem should
arise. You won't need a co-signer on all loans. However, there are times when you might.
Once you have gotten a first loan and established a good credit rating by paying it back, your
future need for the co-signer will diminish.
Locate someone who would be willing to co-sign your loan. Someone with established
credit who trusts you and is willing to take the risk. Most likely candidates are relatives, close
business associates, and long time friends. A co-signer must fill out a loan application just as
you did. However, the bank may have dealt with them in the past or their strong credit history
will likely allow the loan to move through the process rapidly.
After six months to a year, request that the lender remove the co-signer from the loan.
Contend that by this time you have demonstrated your ability to repay. Show that your
circumstances have improved to the extent that you could now qualify for the loan without a
co- signer. This will relieve the co-signer of a burden and will help you establish an even better
credit rating with your banker.
DEALING WITH BANKERS
A good way of increasing your chances for loan approval is by having a good
relationship with a banker. Having a good contact at a bank will help you build your credit with
minimum hassles. Your friend can give you helpful information, guide you step-by-step, and
help you look your best. He or she will also take a special interest in your application so it
stands out from the rest and gets a little personal attention. They may also vouch for your
character and integrity with the lending officer so that your application is approved. You'll learn
more about credit, receive better service, and will get the credit you want if you develop a
friendly personal relationship with your banker.
If you have been a customer at your current bank for many years, then it is more likely
that you can get a loan there. By being a customer for several years you will have established
a record of stability. Long time customers generally receive better treatment than new
customers. Before you go to any bank or lending institution, even one where you have a
contact or to which you have been recommended, call up and ask what types of loans are
currently available. Know what the current percentage rates are. Know the basic information
before you ever meet with the banker.
Once you have a recommendation, make an appointment to meet the officer at his
bank. Having a recommendation puts you in a much better position than if you walked in cold.
Dress conservatively for your meeting. If you are male, don't wear a suit if that doesn't fit your
profession. On the other hand, don't dress in dirty work clothes either. Be neat, clean and well
groomed. Don't try to shock the banker. Women should follow the same rule of thumb; don't
wear ostentatious jewelry or overpowering perfume. Always dress in a business like and
conservative fashion. Don't bring anything along that might distract or annoy the lending
officer, such as children, pets, or packages.
You will only need one meeting to determine if you want to apply for credit and open
your account at the new bank. If you don't have an excellent credit rating, take out a small
loan at the bank you have chosen- secured by a savings account if possible. This will allow
you to build the bank's trust in you. With their confidence increased, it will be easier for you to
qualify for a larger, unsecured loan. Make sure that all your applications are routed through
you contact, and that he or she will be helping it along.
Do you belong to a credit union? Credit Unions are usually more eager to lend you
money, and their rates of interest are often lower. Because you are a member, owning a
portion of the institution by having purchased shares when you joined, you will be treated
more favorably. Credit unions often offer special rates on specific loans-computer purchases,
new cars, home improvements, etc. If you are a credit union member, call them and request
information on special loans they may be offering.
Credit scoring is a method of assigning point values to the various items of information
included in your credit application or on your credit report. The values are then combined and
a final score determined. The scoring system was devised to help creditors apply a fair
standard to all loan applications, and to help them more easily determine who is less likely to
repay a loan.
There are many different scoring methods. As we pointed out, not all creditors use the
same system. One may look at your information and reject your request due to a low score.
However, another creditor, using a different set of parameters, may score you high enough to
approve your application. The credit scoring system allows a creditor to reduce costs
associated with reviewing your credit application. Knowing the statistical probability of how
likely the applicant is to pay his debts, a credit manager can easily determine whether or not
the institution should take the risk of lending money to that applicant. By eliminating those
applicants who statistically have been shown to be bad risks, credit scoring can cut down on
bad debt losses and the high expenses of collecting from borrowers who are behind in their
The equal Credit Opportunity Act prohibits discrimination on the grounds of race,
national origin, sex or marital status in granting credit. The age of an applicant cannot be
scored in such a way so that it denies credit only on that basis. Likewise, simply because a
person is of a particular ethnic background, is male or female, or is married, single, or divorced,
he or she cannot be denied credit solely for that reason. If the person possesses the financial
ability to repay the loan, the institution must extend that credit to him.
Credit scoring systems are designed for creditors by specialized research firms. Old
applications that were approved by banks are reviewed. Each of the questions on the
application is studied in an attempt to determine to what extent that information figured in the
success or failure of the loan. The examiner assigns various point values for the different
possible answers to each question. A base score is determined as the lowest value that will
assure the greatest chance of successful repayment of the loan. Theoretically, no one who
scored below this value on the application would be approved. Thus, if the creditor rejects all
applicants who fail to score higher than the base number, there should be few, if any, failures
While creditors rely heavily on credit scoring, there is a gray area that allows a lending
officer to override the score and to pass an application based upon his personal judgement in
an individual case. Many creditors realize that the point scoring system may pass over credit
worthy applicants, so every effort is made to fairly determine the viability of a loan before
If you feel that you have been denied credit because of the inherent biases of the
scoring method used in reviewing your application, work with your lender to get the credit you
want. Remember, he wants to extend a loan and make a profit for the bank. You must work
with him to prove that you can and will repay the money that you borrow.
HOW YOUR APPLICATION IS SCORED
How is a credit application scored by an institution? What weight is given to the
individual sections of the application? Listed below are the categories that lenders consider in
reviewing your loan application. Read each one and consider your own case. How would you
score? What can you do to improve your chances of scoring higher? Getting approved means
making sure that the lender is assured that he will be repaid.
Length of Residence- how long have you lived in your present home? The longer the better.
You want to be thought of as stable and reliable. A long stay adds points. Although this may
unfairly discriminate against the young and upwardly mobile, it lets the lender know if you are
more likely to remain in your present situation and be around to repay the obligation. Many
lenders have systems that give high points to recent moves tied to career advancement.
Home Ownership- Owning your home, either outright or with an attached mortgage, is far and
away the best scenario. Home owners are considered stable, dependable risks. In descending
order, the better loan risks are: homeowners, renters of an unfurnished apartment, renters of a
furnished apartment, those living with parents or other relatives, other situations. No distinction
is made between homeowners who have a large amount of equity in their homes or those who
are deeply mortgaged.
Geographic Location- Credit scoring is adjusted for geographical differences. An institution's
servicing area may be divided into many categories.
Length of Employment- As with length of residence, the longer the better. Creditors want
applicants who have a steady, secure source of income. Holding the same job for many years
indicates that the same should hold true in the future. A short length of employment is less
assuring to the lender.
Occupation- This is difficult to assess. While it seems that the occupation of the borrower
would be a good indicator of his or her character, there are many different ways to make the
classification of employment under the scoring system is somewhat subjective. The officer
reviewing the application must determine into which category a job falls. A certain job may
then be assigned a lower score by one reviewer than by another. Therefore, it is not surprising
that according to some systems, higher points are awarded to self employed professionals,
retirees, or to employees of large corporations.
The best scoring occupations, from top to bottom are: teachers, accountants, engineers,
business executives, supervisors, dentists, pilots, laboratory technicians, farmers, clerical
workers, civil service workers, nurses, pharmacists, newspaper employees, policemen, firemen,
military officers, railroad workers, skilled technicians and equipment operators, sales clerks,
salesmen, bus and truck drivers, janitors, mechanics, contractors, carpenters, plumbers,
electricians, tenant farmers, lawyers, self-employed businessmen, unskilled factory workers,
cooks, painters, miners, retirees, free lance artists, musicians, barbers, students, nurses aides,
cab drivers, common laborers, housewives, restaurant, hotel or amusement park employees,
lower level military personnel, bartenders, farm hands, and welfare recipients.
Age- Older is not always better -until you reach 40. From there on the older you get, the more
points you receive. Under 25 and through the mid 30's are the lowest scoring ages. Anyone
under 25 gets low marks. But there again, this is the group that usually has no proven credit
history. Young people have trouble getting and establishing credit. People in their 30's
generally have lower incomes but higher expenses; trying to buy a home, raise several
children, and establish themselves in their career. This is when people are most likely to
declare bankruptcy. Thus, bankers watch this age bracket carefully.
Income- The higher the income, the more points your application will earn. It's only logical.
However, middle income applicants are often less likely to repay a loan than lower income
people. The real key to determining repayment viability is to determine the amount of
disposable income a person holds and the overall stability of his or her income. Those figures
are more difficult to obtain and to verify, so many lenders are more inclined to base their
judgement solely upon gross income.
Telephone- Having a home telephone in the borrower's name indicates stability. Not having a
telephone can look suspicious. Some systems give more points for more than one phone.
Age of Automobile- The later the model of car you own, the higher you score. If you do not
own an automobile, you receive a low score. The designers of credit scoring are unsure why
this category is a good indicator, since you would initially think that owning a new car means
more debt, and thus less likelihood of repayment. However, this is a good standard of
Number of Dependents- Having between on to three dependents scores you high because it
means you have a certain level of responsibility and stability. However, having more than three
decreases the number of points awarded. If you have too many you will lose points. It is
believed that too many dependents strains the budget and makes it difficult for you to repay a
loan when there are so many other demands on your budget.
Citizenship Status- Non U.S. citizens get negative points. It is impossible for creditors to
collect anything if someone flees the country. However, banks also realize that most non-
citizens are meticulous about repaying their obligations.
Bank Accounts- Having both checking and savings account gains you points. Not having any
account is very suspicious. You can amass more points if you have your accounts with the
bank where you apply for the credit.
Knowing how a bank or finance company will score your application, will enhance your
chances of obtaining the money. So before you apply, study the system, and rate yourself;
you will then know where you stand and what adjustments you need to make before you hand
in the application.
POINTS SYSTEM SCORING
18-21 - 0 Points
22-25 - 1
26-65 - 2
YEARS AT PREVIOUS ADDRESS
Over 6 - 3 points
Over 3 - 2
Less than 3 - 1
Married - 2 Points
Widowed - 1
Previous loan at bank you are applying at - 5 Points
Previous loan at another bank - 4
Savings account at bank you are applying - 3
Checking account at bank you are applying - 2
Checking account at another bank - 1
No previous loan experience - 1
DEPENDENTS (Including yourself)
One to Four - 2 Points
Five to Six - 1
Over six - 1
Professional, Executive Supervisor - 5 Points
Uniformed Government Employee* - 4
Skilled Government Employee* - 3
Unskilled - 2
Part-time - Home worker - 1
*Depends on Government Branch
Own-no mortgage - 5 Points
With parents -1*
*Some banks now consider
this a better risk and allow 2
TOTAL MONTHLY INCOME*
Over $3001 - 6 Points
$2251 to$3000 - 4
$1501 to$2250 - 3
$901 to $1500 - 2
Under $900 - 1
*Point system can vary geographically
YEARS AT PRESENT ADDRESS
Over six - 4 Points
Four to six - 3
Two to three - 2
Under two - 1
YEARS WITH EMPLOYER
Over ten - 5 Points
Seven to ten -4
Four to seven - 3
Two to four - 2
Under two - 1
MONTHLY RENT OR MORTGAGE
Over $750 - 1 Point
$500 to $750 - 2
Under $500 - 2
(Excluding rent or mortgage)
Under $300 - 3 Points
$301 to $600 - 2
Over 601 - 1
Listed in applicants name - 1 Point
Not listed in name - 0
The above chart is for a non-collateral, signature loan. If your spouse is employed and signs
the application, add her earnings to the monthly income. A score of 18 points will qualify you
for at least $5,000 payable in 24 monthly installments at most banks. The bank will take into
consideration your ability to repay the loan based on your total monthly income from all
sources, considering your present outstanding monthly installment obligations.
YOUR CREDIT REFERENCES
In House Records- Your application will be examined next to the institution's own in house
credit records. If you have previously established a good record with them, it will earn you
points. If your report is negative, you will have points taken off.
Credit Cards- Points can be awarded if you have existing credit cards. Always a major credit
card such as a VISA, Master Card, American Express, Diner's Club, or Discover card are better
and give more points than smaller department store cards. Oil company cards don't often
generate much excitement.
Current Bank Loan- A current bank loan will give you positive points.
Finance Company Loans- Having a loan with a finance company can only hurt you. The more
you have had, the more negative points you will accumulate.
Credit Report- Negative items on your credit report will generate negative points against your
application. The more negative items, the more your score will be reduced.
Inquiries- You will receive negative points for any inquiries on your credit report that did not
result in a new account being added to it.
You can get that new loan you desire. There are many lenders who would like to grant
you anew loan. However, you will have to do your homework in preparation for the application
process. Knowing where you stand financially, you can meet any questions that might arise.
Carefully prepare your application and be ready to "sell" yourself as a trustworthy credit risk.
You can do it. The information that we have presented should help you to prepare your
application so that it will appear in the most favorable light possible. Get ready. Make your
application. And watch your future grow.
ADDITIONAL PERSONAL LOAN SOURCES
Write to each on of these companies with the provided cover letter.
International Funding Frank B. Owen
Box 402 Star-2 1378 Beacon St.
Worcester, MA 01613 Brookline, MA. 02146
IWS Inc. David Samara
Box 186 68-44 136th St.
Merrick, NY. 11566 Flushing, NY. 11367
Schockley Financial Srvc Grayco Associates
66 Overlook Terr. 405 Sunset Dr.
N.Y, N.Y. 10111 Johnson City, TN 37604
Guaranty Capital, Inc. Alvin R. Warren
16345 W. Dixie Hwy. #314 610 Cardwell St.
Miami, Fl. 33160 Elizabeth City, NC. 27909
Amoco Credit Corp. Valmart
Box 9014 Box 480
Des Moines, IA 50306 Prospect Heights, IL 60070
Credit Thrift Financial Corp. Pace Financial Assoc.
601 NW 2nd St. Box 782
Evansville, IN 47701 New Ulm, MN, 56073
The Marigold Co. & Assoc. Central Financial Network
Box 268547 RR 2 Box 84
Chicago, IL 60626 Tilden, NE. 68781
Diamond Intnl. Assoc. RLW Enterprises
8322 W. Little York Rd. 3624 Briley St.
Houston, TX. 77040 Houston, TX. 77040
Transcap Financial Group Myers Financial Service
8125 Sunset Ave. # 227 5780 NE St.
Fair Oaks, Ca. 95628 Springfield, OR. 97478
East Coast Funding Group Inc. B&B Financial Services
4001 Kennett Pike Dept. TX-9422
Suite 134 2143-B Coliseum Dr. #154
Greenville, DE 19807 Hamptom, VA 23666-5962
P.O. Box 54434
Anderson, OH 45254
This publication is designed to provide accurate and authoritative information in regard to the subject
matter covered. It is sold with the understanding that the publisher and the author are not engaged in
rendering legal, accounting or other professional services. If legal advice or other expert assistance is
required, the services of a competent professional should be sought. The author specifically disclaims
any personal liability, loss, or risk incurred as a consequence of the use, either directly, or indirectly, of
any information or advice presented in this material. We have done our best to be as thorough and
accurate as possible with the names, address, and phone numbers of each lender and the amount of
money they will lend. We are not associated with any of these financial institutions mentioned. Therefore,
we receive no compensation from any of these institutions for approval or turn downs from loans. Our
goal is to give as much knowledge as possible concerning borrowing procedures so you can get a loan
as quickly as possible and at the best rate possible for your individual situation.
PREMIER WEALTH STRATEGIES
ALL RIGHTS RESERVED 2000