Personal loans and all the terminology that goes with it can make your head spin after awhile. However, it is very important to educate yourself with the ins and outs of personal loans if you are considering obtaining one for any financial reason. Doing so can help ensure you get the right loan for your needs as well as prevent heartbreak down the road for you.
There are many wonderful books on the market today offering information on personal loans. Several of these books are a great investment for ensuring you will make solid financial choices in the area of personal loans after arming yourself with the facts of the industry.
The "Beginners Guide to Real Estate Investing" by Gary W. Eldred is of course geared towards real estate. However, it does have excellent information regarding personal loans. If you are considering a personal loan for real estate related issues including fixing up homes, then this book will give you quality information in both areas.
"The Book of Inside Information" explains the world of personal loans in very simple terms, making the process much easier to understand than books full of industry jargon. This book is a great financial resource. In addition to providing you will information about personal loans, it discusses the areas of family finances and managing family spending. One of the newest books out there is "The 21st Century Family Legal Guide: The Law You Must Know to Protect Yourself and Your Family". This book is more technical, but still offers excellent information regarding personal loans.
In addition to quality books offering you information about personal loans, there are a few that provide you information on how to pay off debt, including credit cards and personal loans. "Live Debt Free" (3rd Edition) is full of level headed advice for doing so. This isn't a book that promotes pyramid schemes or get rich quick schemes. Instead, the book offers forward budgeting and money management tips to help individuals devise a realistic plan that fits their income. The plan will help individuals reduce their debt in the areas of credit cards and personal loans.
Quality magazines including Reader's Digest and Money Today often run articles on types of loans. You can research the internet to find great articles from these magazine and many others that discuss personal loans. Don't forget to look for reviews including those published by the National Consumer Council on the issue of personal loans.
Personal loans are a great financial tool when used properly. Take the time to read some quality books in the area of personal loans to establish a strong understanding of how the process works. To get the best results, choose books that are unbiased. You want to read the good, the bad, and the ugly about personal loans. The more you know, the better decisions you can make regarding your financial dealings with personal loans.
If you already have personal loans, consider reading books that provide excellent information for ensuring those loans are repaid as well as how to eliminate personal loan debt with effective debt management systems. The information is very straightforward and worth investing your time and energy into reading. The internet is a great place to search out such important books on the issue of personal loans. You can also ask for them at your local library.
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College student renting studio apartment with no credit and no proof of income?
I think I am facing a problem. I have had a very good paying job for the past several years and have been saving my money. Last year, my employer retired and closed his business down.
I also never liked credit cards so I always used a debit card. The result is that I have no credit.
From a renters point of view, this puts me in a bad light. Though I currently have enough money in my bank account to rent for over a year even if I decided not to get a job, I currently have no proof of income (because I'm not working) and no credit.
Now, I am looking to rent a house by the end of this month. Is there any way for me to make this work? Could I pay him up front for six months worth of rent or something like that?
Answer
If it is a very small apartment complex where you will actually know the owner, then sure, you could come up with some arrangement where you pay for several months of rent in advance. This may not be wise, though, because if, say, the building burns down during the first month, you may never see that money again.
If you receive financial aid, you may be able to show them your financial aid statement as proof that you will have money to pay the rent. Or, you could do what a lot of college students do: have your parent cosign the lease with you.
Anyway, don't just assume that you won't get an apartment. When I was in college, our apartment complex didn't even do a credit check or ask for proof of income (it was also a college town where the majority of renters were college students). And you don't need a credit card to build credit - any kind of bill in your name, like phone bills, or other kinds of credit like small loans, will build your credit score. I also abhor credit cards. I only have ever had a store credit card with a relatively small credit limit, and I have roughly the same credit score as my husband who has had quite a few credit cards.
answer? Please help others and answer below.
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