Self- employed borrowers will need to provide significant additional paperwork concerning their business and income. Other Documentation. Your lender will need to copy your driver's license or state ID card and will need your Social Security number and your signature allowing the lender to pull your credit report. Who is a Conventional Loan Suitable For. People with established credit and stellar credit reports who are on a solid financial footing usually qualify for conventional mortgages.

More specifically, the ideal candidate should: have a credit score of at least 680 and, preferably, well over 700.

What you need to qualify for a personal loan

What most lenders look at is how long you have been working at your current job, how long you have been living at your current home, and if you have a valid checking account for them to deposit your loan into.

Bad credit should not stop you from applying, because our lenders understand you are here because you need money today. No worries. We can still match you with the right lenders even if you have a poor credit. Bad credit loans are not uncommon these days. Although it is not easy LocalCashNow. com will compare the terms of the loans and provide you only the best options that will work your for your situation.

When you have a bad credit, there are several steps you can take to help secure the loan you are looking for.

What you need to qualify for a personal loan

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What you need to qualify for a personal loan