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Author WHAT IS PERSONAL LOAN OR SIGNATURE LOAN  (Read 1703 times)

Description: A signature loan is a loan that you get based on signing a promise note to repay the lender. You do not need a collateral to get a signature loan. Granting this loan is base on the following:

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Offline Success Writer

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WHAT IS PERSONAL LOAN OR SIGNATURE LOAN
« on: April 29, 2012, 09:21:27 AM »

a.   Your earning in your own business or in the past place of work.
b.   A good credit rating or reputation.
c.   A history of repaying other loans in the past such as auto loan, home loan, major appliances etc.

d.   Home ownership
e.   Evident of other loan you have paid off.

You borrow up to $1000 on signature loan. And if you can do this with five or ten banks or lenders, that is a high amount for business.

The amount of money you can borrow on a signature loan varies from one bank to another. Some banks allow you to borrow as much as $1000, other banks have a minimum of $2,500

If you are very creative, you can get signature loans in three, five or even ten banks to build your own collateral. Open bank accounts at a number of different banks for the purpose of establishing or obtaining credits. It is possible for you to borrow from many banks at the same time without annoying any one bank if you are completely honest in your loan applications.


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WHAT IS PERSONAL LOAN OR SIGNATURE LOAN
« on: April 29, 2012, 09:21:27 AM »


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