Well, my letter is almost done, but I feel like it might be missing something....
Thanks guys!
2006-10-10 15:10:16 · 3 answers · asked by melon_rose 2 in Business & Finance ➔ Personal Finance
Mention the amount of money you need, the purpose of the loan and the how long you will take to pay it back. You should also mention your past payment history(include rent and utilities) and your credit score if you know it. You also should include the amount of debt payments you have each month.
If it is to a person rather than a bank, I would add why you have not gotten a loan from another source and what interest rate you expect to pay.
The most important part is to be honest, both about your past and how quickly you can pay the loan back. Most people would feel much more comfortable getting the loan back slowly and regularly rather than a promised lump sum.
2006-10-10 15:17:02 · answer #1 · answered by VATreasures 6 · 1⤊ 0⤋
Your colladeral (what you own), your credit rating, major purchases, where you plan to get the money for the payments, any major items you own (cars, planes, boats etc) whether you own your own home and how long, other mortgage/loan companies you have had dealings with, record of payment such as paid off early, debt ratio to salary, and references (pick influential people, landlords, politicians, bankers).
Good Luck
2006-10-10 15:21:00 · answer #2 · answered by Nevada Pokerqueen 6 · 1⤊ 0⤋
Where will you get the regular income from which to pay back the loan?
2006-10-10 16:32:58 · answer #3 · answered by rockEsquirrel 5 · 0⤊ 0⤋