What Is “Less Than Perfect” Credit?   How you used your credit in the past and the reasons for your past financial difficulties are two factors that figure in your ability to get a loan.  The first step is to understand whether or not you are considered a credit risk.    Most lenders will consider […]

Why Do I Have Credit Problems?   Why is it that some lenders say “no” when others say “yes”?  Here is why – all lenders make a judgment about:   ·         character (your willingness to repay)   ·         capacity (your ability to pay)   ·         collateral (the value of what you are buying)     […]

I Am Determined to Become a Cosigner   While I believe that biblical concepts and practical horse sense suggests strongly that you do not do so, and that cosigning anything is a huge mistake you most likely will regret, if you so insist, here are a few guidelines.   ·         Be aware that you are […]

Peace of Mind   Are you able to sleep well at night and wake up the next morning fully rested?  If so, you might want to ensure that you continue in good health by not co-signing a loan.    If you lose the ability to get a good night’s rest by helping out a friend, […]

Friendship and Relationships One of the reasons people consider helping a friend or relative is to be a nice person.  But ask yourself this.  How long is the friendship going to continue if you are always asking whether or not the person has made the loan payment.  Even if you don’t ask, every time you […]