Advices from Mike

Occasionally lenders make special offers to its customers, so it might be useful to sign up for email newsletters from several companies to stay informed about the latest financial deals that may fit your demands.

First of all pay attention to the overall loan costs. Most of the lenders today provide online loan calculators allowing you to see the amount you will have to repay at the end. Compare 5-10 different loan programs and choose the most competitive financing conditions. 

You can save a lot of money if you spend some of your time going through different loan options and choosing the best terms.

With a responsible approach to the loan application you improve your prospects of obtaining good loan conditions, so be attentive to supplying your lender with precise and up-to-date information.

Ensure that all provided information is accurate. Even if your credit history is perfect, but the indicated income is twice higher than your real one, it will be difficult to receive a loan.

When filling in the loan application, be careful to provide as much information as possible about your income, credit history, employment, and your contact details. Borrowers with a more complete application profile have greater chances of getting approved for a loan.

It takes time to improve one's credit history and establish good reputation, so it is best to maintain good credit from the start.

In case you have bad credit you shouldn't stay idle, but make steps to rebuild it by obtaining a credit card or taking out small loans and paying your bills in time. Every such payment will contribute to enhancing your score, and eventually your credit rating will be fixed. 

Bad credit score can make it impossible to qualify for a loan or a mortgage, and it can even cost you a job.

Today a good credit score opens the door to the best financial products of any banks or private lenders. Borrowers with good credit obtain the lowest interest rate and the best financing conditions.