How Do You Get A Personal Loan With No Credit History?
Young borrowers need to know how to get a personal loan when they are just starting off financially. College students can often build credit by signing up for credit cards, but these tools pose a problem with high interest rates and balances that are difficult for young borrowers to pay off. It may be wiser to wait until after college to build credit, beginning with a personal loan. Gather your financial documents and personal information. Create a file to keep these items, as well as loan applications, so you can easily stay organized. Include your pay stubs for proof of income s well as past tax returns. Download your credit report. Even if you have little or no credit history, something should come up when you search the free annual credit report site using your social security number, name and current address. Check the report for errors and correct any that have occurred. Contact your bank where you have a checking or savings account. Ask to talk to their loan officer or a bank ma
