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Online Personal Loans Made Easy
Obtaining a loan can seem an impossible task, especially in today’s poor economic climate. More and more lenders are effectively shutting their doors to individuals who believe they are qualified for unsecured credit. At Loans 360 the goal is to give the customer the benefit of the doubt, and to this end they invite everyone to apply. Regardless of past credit problems, possible income restrictions or the amount of personal debt, Loans 360 may be the answer for those seeking a nearly 100% approval rate, desire fast secure friendly service and want to complete their application online. Loans 360 is here to help!
Good People With Bad Credit
Personal loans made through a traditional bank are difficult to get because of the many restrictions that have to do with income, credit score and history, accumulative debt and the endless red tape. It’s no wonder that many are actually avoiding the application process altogether for fear the stress will be too great and the end result will be denial. However Loans 360 approaches the financial loans process somewhat differently. They are in a position to offer unsecured funding for personal reasons, automobile, home and even debt consolidation. Instead of using only the applicant’s credit history as the determining factor, they take the time to examine the person’s individual situation. All too often other lending institutions forget that the credit problems of the past are not necessarily the applicant’s fault. At Loans 360, customers will receive an honest review of their application, learn about the various repayment options and flexible terms, and will be in contact with specialists that truly care about each and every unique situation.
Fast Approval With Online Personal Loans
The application procedure is lightning quick and can be completed in just a few minutes from a home or office computer. The variety of loans is equally impressive and customers can choose the package that best fits their needs. Loans 360 has financial aid for students, first-time homeowners, can compete with other lenders for the best rates on auto loans and can offer professional advice for those seeking to consolidate their debts into a single monthly payment. All this can result from the completion of the handy online form at www.loans360.org.
Be Prepared For Approval
Another wonderful reason to check out the online personal loans from Loans 360 is the speedy customer service that is given. Customers will not have to wait around for weeks, wondering if anyone is actually looking over the application. Those in need of financing need their money today, not next month, and it is the goal of Loans 360 to deliver the best loan package possible and do so immediately. Although the structure of financial loans varies from one approval to another, customers can rest assured that Loans 360 strives to make possible a repayment plan that actually fits the budget of the applicant.
Don’t let personal loans become personal groans. Apply today and receive courteous, friendly – and best of all rapid – service from the experts at Loans 360. Their commitment to connecting customers with the best loan package on the market is their one and only objective.
Hardship Letter for Loan Modification – Tips On How to Write One Effectively
Most borrowers do not know that a hardship letter is required to process an application for loan modification. Even those who do, often do not understand what the bank needs to see in this letter.
The time and effort it takes to do a proper hardship letter will repay you with a successful loan modification that lets you keep your home. Even if you qualify, the hardship letter is necessary to prove that you do. It is like pleading your case in court. This document is essential to convince your bank that you are indeed suffering financial hardship. Writing this letter with the proper attention to detail proves to the bank that you deserve their serious consideration.
While the proper way to write a hardship letter varies, some elements always apply:
1. Before you even start, gather your financial records for the previous twelve months, just as you would in order to file your annual income tax statement. Put the most important records on top, within easy reach, so that you can refer to them as you write. The hardship letter must be detailed, in order for the bank not to pass over your loan modification request.
2. Make a separate list of your financial difficulties, going back for at least twelve months. Get the right dates written down, if you feel this information will be useful for your bank. Be as clear and efficient as you can, to prevent confusion and save your lender’s time.
3. Now calculate just how much you can pay on your monthly mortgage. List your complete household income, then deduct all expenses. If you are not sure about a particular amount, or if it varies widely, then do an average or at least make a guess. This shows your lender that you are a borrower who is conscious of money. In this way, they see that you are worth their effort.
With this, you are off to an excellent start. Next, keep in mind these points as you draft your hardship letter for loan modification:
– Be neither too detailed nor too vague. Yes, an emotional appeal may help, but your bank needs convincing evidence in order to support its granting of your request. Present the facts and show how they have impacted your budget.
– Even if you plan to sell your house, do not disclose this to your lender. The bank must believe that you intend to stick with them over the long haul, in order to go to the trouble of modifying your loan.
– Avoid too many specifics regarding your private life. The bank is not interested in your terrible divorce or your complicated student woes. Only give them the information they need to make a determination, by sticking to the financial facts.
– Be respectful and well-mannered in your hardship letter. Any frustration you may have experienced with your lending institution does not belong in this letter. The point is to get the help you need, as soon as possible.
– Provide any supporting documentation, including recent bank statements and all other official information that shows recent financial hardship.
With these points in mind, you are on the road to negotiating a successful loan modification agreement. Nowadays this help is being extended to more homeowners than ever, once they put in the time to prepare the appropriate information for their lender, and effectively state their case.