Are you shopping around for a new car? Are you worried that your credit score will affect your borrowing options? A credit score is a simple number assigned to each person by one or more recognized credit bureaus. When you apply for a car loan or attempt to access any other kind of credit, this score is reviewed and analyzed by potential lenders. Continue reading Credit Scores and Auto Loans — The Good, the Fair, and the Bad
Those with low incomes are often the people who need loans the most, but they find them the hardest to get. Lenders will assess borrowers in several ways, including their annual income and debt-to-income ratio (DTI).
Borrowers without much disposable income, such as those with low-income families, are deemed the highest risks. Lenders know that offering a loan to a low-income borrower means there is a chance the borrower will not be able to make their monthly loan payment during their loan term. Continue reading Loans for Low Income in Madison – Personal Loans for a Tight Budget