HOW NOT TO GET A PERSONAL LOAN

Tips on How to Fail

Crazy right?  An article on how to fail at something?  Well, let me put it this way.  A significant percentage of people who apply for personal loans go into the process feeling they are not worthy of getting the financial nod.  Many assume they are more likely to be rejected than green-lighted for cash.  So, I figured that I might as well put it all on the table in a bid to help you get past this way of thinking.  Let’s go fail together.

You become what you think about.

  1. DON’T EVER BORROW MONEY

The last thing you want to do is create a borrowing history a lender can refer to when assessing your personal loan application.  It is critical to remain a mystery.  Not only that, but when you borrow money and pay it back, you are going to be seen as a responsible individual.  What good would that do?  Suddenly, the lenders will want you to take on more responsibility.  Who needs more responsibility?  The world is just too complex and stressful.

  1. MAKE SURE YOU DON’T FIT THE LENDER’S PROFILE.

Personal loan lenders like to read credit reports.  Borrowing money and paying it back will create a credit score that is embarrassing.  How are you going to explain why the number rating is as high as it is?  Ridiculous.  A low number is so much easier to understand.  No muss, no fuss, easy rejection stuff.  If you have borrowed money and not paid it back in a timely fashion or missed payments on bills, then you will attract the right kind of attention.  They’re called searches.  Lenders love to read the details about how a person behaves financially.  So, stop paying your bills on time.

  1. DON’T SAVE MONEY. SPEND IT.

The last thing you want to be seen as is a financially proactive person.  When you save money, you take it away from other people who could use it.  If there is a tidy sum in a savings account, personal loan lenders start to get the wrong impression about you.  Besides, a savings account generates more statements and more paperwork.  Who needs that?

  1. LIE ON THE PERSONAL LOAN APPLICATION.

Fiction is far more interesting and fun.  Remember, you work FULL time, not PART time … right?  In the total income amount box, increase the number.  In fact, round all the income numbers up and the expense numbers down.  Be sure to throw in some fictitious personal assets.  You’ll have to enlist a relative or friend, otherwise known as a co-conspirator.  Sure, you will be charged with fraud, but think of the reputation you’ll have created.  Good stuff there.

  1. IF YOU DO APPLY FOR A PERSONAL LOAN, ASK FOR TOO MUCH MONEY.

Sure, you really need under $5000.  Peanuts.  Shoot for $7500 or 10 grand, even.  There is no point to minimizing your requirements to what is realistic.  I mean, if you really only needed $5000 or less, Cashco Financial would probably have you look at a Flex Loan and even give you up to 36 months to pay.  That’s 3 years of your life building financial credibility.  There are better things to do.

  1. ALWAYS BELIEVE THAT YOU ARE NOT GOING TO BE QUALIFIED.

It takes so much effort to realize that alternative financing, like the types of personal loans and Flexloans offered by Cashco Financial, are readily available.  Imagine.  If you take a few minutes to apply online, chances are you’ll get approved quite quickly and Cashco would even transfer the money to your account directly.  It’s too simple.  Not only that, Cashco would want to work with you to improve your credit score and help you manage your financial issues … it’s just too much to consider.  Why would you want to consolidate your debt?  Think of all the interest you’re generating for those credit card companies.  You are helping people make money; money that didn’t even exist until you came along.

People say nothing is impossible, but I do nothing every day.

This article may seem absurd, but, the truth is, the narrative in our heads about our own situation is exactly that.  We create those narratives.  If you have read this and feel like a schmuck, then you are a schmuck.  You’re not a schmuck, though.  Stop it.  However, if you have been doing nothing about your finances because you fear the rejection (based on what you think you are not worthy of), then you are trapped in a narrative you created.  It is not the narrative a company like Cashco Financial buys into.

Everyone deserves relief today and hope for tomorrow.  That’s the Cashco narrative.  Cashco can help you turn what you think is IMPOSSIBLE into I’M POSSIBLE.  So, for the next few minutes, imagine what you could do with a personal loan that you need.  That is all that matters.  Cashco will do the rest.

To take a small first step … indulge me … click here to apply for the best personal loans in Alberta. 

the best personal loans in alberta

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