ALL YOU NEED TO KNOW ABOUT GETTING LOANS

By Liz Moir


The self employed were in a stronger position as regards secured loans than those in employment.

Self employed loans, as long as they were secured loans, were easier to obtain than employed loans were as self employed loans were never going to be refused on the grounds that the profit was too small.

All secured loan lenders accept a different minimum income.

In the past Blemain, for example, asked for a minimum income of 10,000 which could by no stretch of the imagination be considered high.

Paragon, the Solihull based secured loans lender, before they ceased granting new homeowner loans at the start of the recession, required a minimum household income of 15,000. They also had the requirement that one of the applicants earn at least £13,500.

This could rule out people who had £upwards of 15,000 family income and if someone earned14,000 and the other say 13,000 was not enough.

This made little sense, as the scenario of 27,000 is 12,000 in excess of the minimum income required but nevertheless it did not fit their criteria.

After this initial requisite, secured loan lenders in general accepted 40% of gross income to cover certain financial outgoings which in the case of homeowner loans was the mortgage payment, the loan being arranged and any unconsolidated credit on loans, credit cards, hire purchase, etc.

It was far from unusual for employed applicants to be refused a loan in that they did not fit as regards the income criteria demanded of them.

Sometimes it really made little sense, because often the applicant earning slightly less than the required income could have a much smaller mortgage payment and have more disposable income left at the end of each month, but would be refused a loan.

At the same time an applicant, meeting the minimum income needed to borrow, could obtain a secured loan although more over commited financially that the declined applicant.

It was seldom a situation that self employed were turned down for secured loans due to shortgage of net profit as they simply stated their own net profit.

Self certs. was excellent for the self employed unable to really provide total proof on their profit wh who did not have an accountant.

Get more details on self Employed Loans at http://www.loansquest.com

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By Chris Mahe
There are a variety of grants designed to help the average American citizen achieve financial independence. This is known as free money as these are grants that need not be paid back. Government has now come up with these money to pay bills to help the needy. You need not belong to a low income group to avail of this bills. Even a person belonging to the high income group can avail for this.

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You need to assert yourself as an American citizen and avail of the free money for boils. Many people have been able to get by during difficult times with the help of   rel=nofollow [http://www.free-money-for-bills.com/]Free Money for Bills. Many have paid for their health bills and many have been able to raise their children with the help of these.

People with low income qualify for the grants and avail of them, but the middle income owned high income do not apply for these grants and millions of dollars have lapsed due to want of applications and this money goes back to the treasury to be used for other purposes. All American citizens whether they belong to middle income of high income can avail for this pay bills. Money to pay energy bills, education bills for children and medical bills are available. Government is distributing this free money from other wealth accumulated as taxes and it is designed to create a healthier population. It is up to us to make use of these benefits and tide over. So delay no further, get started by understanding what is requirement and apply for it now.

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When people say you can get [http://www.freemoneyforbills.org/]Free Money for Bills, do not assume that it is one of those hoaxes. This is true and you will know when you receive a check from the government.

Article Source: [http://EzineArticles.com/?

By Oladeni Ayoola