Guaranteed Personal Loan Approvals

A guaranteed personal loan approval can be a way for a borrower to receive the funds he needs to spend any way he chooses, with popular options being educational expenses, travel getaways, and home repair improvements. Application results can be found within 24 hours. Some contracts require collateral to be pledged as security for the loan, and others require only a signature. Guaranteed personal loan approvals are more commonly associated with a home equity loan. This type of contract typically bypasses credit score requirements, income requirements, and debt ratios.

Funds resulting in the acceptance of these contracts can be electronically transferred within one day. Borrowers seeking funds through using their home equity should receive lower interest rates and tax benefits. Tax benefits are available to borrowers only if they itemize on the federal tax return. It is advised that before a borrower seeks guaranteed personal loan approvals, he should seek counsel from a CPA or tax attorney to explore all options available in a particular situation. Those borrowers who receive consent in the mail are encouraged to figure out the source of the offer. A wise financial decision always includes good research into the institution giving the contract.

Many people who apply for guaranteed personal loan approvals are borrowers wishing to establish a higher credit limit than a bank card will allow. Creditors can access a borrower's financial report periodically. When they do this, they can offer the debtor other financing options. Borrowers with high credit scores tend to be offered more guaranteed personal loan approvals than borrowers with lower credit scores. Typically, credit scores determine the interest rate of a contract, but in this situation, the credit score is used to determine whether or not the borrower is offered a guaranteed personal loan approval instead of an application for a personal contract.

If the borrower accepts the terms the lender offers, then another credit check is done on the borrower to ensure that since the time of the guaranteed personal loan approval, the borrower's status has not changed. When a Christian promises to repay a lender, he is making the promise to God as well. The Bible says in Ecclesiastes 5:4-5 "When thou vowest a vow unto God, defer not to pay it; for He hath no pleasure in fools: Pay that which thou has vowed." Our financial integrity honors God before non Christians and Christians alike. Being faithful in repaying our debts is an essential part of our Christian discipleship.

Source: http://www.christianet.com/personalloans