The Applicant’s Guide to Getting a Loan:
As we all know, getting a loan today is not as easy as it was three years ago. Banks and lender’s scrutinize every application closely before offering a loan. There are two things that impact every applicant in getting approved. The first is your credit score and the second is your income level.If these are marginal, you should use (and we accept) a cosigner for these two reasons:
- You improve your chances of getting a loan approval, and
- You will get the best terms available
Please treat your loan application as if you were interviewing for a job where you would always “put your best foot forward”. By doing so, you will have the best chance of getting the loan you want.
If you meet these basic requirements, you should be approved. If you don’t think you will meet these requirements, you can use anyone who is a US Citizen as a co-signer.