Getting approved for a bad credit loan takes some patience – indeed! You have to get all your personal (financial) information lined up in an orderly fashion. This is no time to be taking half measures. Whatever lender you apply with does not matter – if you don’t have your financial data on hand, with a consistent story coming out of your mouth, then you are doomed to a decline by the bank, the loan officer, or the centralized approval office (maybe somewhere in Ohio!)

What you say when in the office of a loan officer is critical – your body language becomes important too. What you are wearing, how you speak (loudly or timidly), how you move, how your eyes move, how your head nods, etc., etc. Still your FICO score and consumer spending, borrowing, and repaying history will likely affect the outcome of your meeting with bank representative, but if you are spewing out a completely different personal finance history than the what is on your Credit Bureau file, then you are screwed before you even get out of the gate.

The worst thing you can do is walk into the loan officer’s office with a cocky attitude telling her (or him) that you have given them ALL your pertinent information, disclosing all your history and all your current debt loan, and then they pull your credit report from Fair Isaac, TransUnion, Experian, and Equifax, and discover you have an outstanding loan with some department store with a God awful interest rate of 18%.

So apply for your loan with utmost honesty and be transparent like crystal clear window. Keeping perfect records of your financial situation not only helps the loan officer assess your application, but it helps YOU assess your personal finances. Getting real and facing reality is always the best policy – and were not just talking about money right?

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