{"id":2106,"date":"2023-02-16T10:08:24","date_gmt":"2023-02-16T09:08:24","guid":{"rendered":"https:\/\/oxfordwisefinance.com\/blog\/how-to-get-your-loan-approved\/"},"modified":"2024-11-25T03:40:39","modified_gmt":"2024-11-25T02:40:39","slug":"how-to-get-your-loan-approved","status":"publish","type":"post","link":"https:\/\/oxfordwisefinance.com\/blog\/how-to-get-your-loan-approved\/","title":{"rendered":"How to Get Your Loan Approved"},"content":{"rendered":"<p><span style=\"font-weight: 400\">With more than <\/span><span style=\"font-weight: 400\">21 million outstanding personal loans<\/span><span style=\"font-weight: 400\"> in the United States, personal loans are a fairly common form of debt to carry. Reasons people apply for personal loans include debt consolidation, home improvements, a major or unexpected expense, medical bills, and moving.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But loan approval isn\u2019t guaranteed, and stumbling blocks like a poor credit score or high debt-to-income ratio can get in your way. Find out how to maximize your chances of loan approval below.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this piece, we will discuss the following: \u2014\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">What is the easiest loan to get approved for?<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">What are the four Cs of loan approval?<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">How can you make sure your loan is approved?<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Loan approval FAQs<\/span><\/li>\n<\/ul>\n<h2><b>What Is the Easiest Loan to Get Approved For?<\/b><\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3872\" src=\"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/02\/couple-applies-for-loan-1.jpg?resize=1140%2C641&#038;ssl=1\" alt=\"a couple applies for a loan\" width=\"1140\" height=\"641\" \/><\/p>\n<p><span style=\"font-weight: 400\">One way to increase the chance you\u2019re approved for a <a href=\"https:\/\/oxfordwisefinance.com\/blog\/applying-for-a-no-credit-history-loan\/\">loan is to apply<\/a> for one that\u2019s easy to get approved for. Lenders like Wise Loan, for example, offer loans that don\u2019t require good credit, giving people a chance to get the money they <a href=\"https:\/\/oxfordwisefinance.com\/blog\/how-many-credit-cards-should-i-need-to-build-my-credit-history\/\">need while building credit<\/a> for the future.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The easiest loan to get approved for is the one you\u2019re qualified for. Before you start <a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-is-a-payday-alternative-loan-and-how-do-i-apply\/\">applying for loans<\/a>, make sure you understand the four Cs of loan approval to understand whether you are qualified for certain options.<\/span><\/p>\n<h2><b><a href=\"https:\/\/oxfordwisefinance.com\/blog\/how-to-get-your-loan-authorized\/\">What Are the Four Cs of Loan Approval?<\/a><\/b><\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3875\" src=\"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/02\/lender-checks-credit-history.jpg?resize=1140%2C641&#038;ssl=1\" alt=\"a lender a checks a borrower\u2019s credit history\" width=\"1140\" height=\"641\" \/><\/p>\n<p><span style=\"font-weight: 400\">The four Cs of <a href=\"https:\/\/oxfordwisefinance.com\/blog\/consolidated-payday-loans-things-to-consider\/\">loan approval are the factors many lenders consider<\/a> when evaluating you for a loan. They are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b><a href=\"https:\/\/oxfordwisefinance.com\/blog\/lumen-technologies-stock-went-to-the-moon-this-week-heres-why\/\">Capacity.\u00a0<\/a><\/b><span style=\"font-weight: 400\">Lenders want to know you have the capacity to pay back a loan. This is why many loans require you to provide documentation of your income.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Capital.\u00a0<\/b><span style=\"font-weight: 400\">Some lenders look at how much cash you have on hand. If you have a savings account to cover rainy days, you\u2019re more likely to be able to stick to your payment arrangements with a lender if something happens to your income.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Collateral.\u00a0<\/b><span style=\"font-weight: 400\">This refers to something you put up to secure the loan. Secured loans may be easier to get because the creditor has the option to take the security and sell it to recoup losses if you fail to make payments. One of the most common examples of a collateral-based <a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-happens-if-you-dont-pay-off-a-payday-loan\/\">loan is an auto loan: the vehicle secures the loan and can be repossessed if you don\u2019t pay<\/a>.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Credit.\u00a0<\/b><span style=\"font-weight: 400\">Many lenders check your credit to find out if you have a history of managing debt wisely and paying your bills on time.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">All of these factors come into play with large loans, such as those associated with mortgages. When you\u2019re <a href=\"https:\/\/oxfordwisefinance.com\/blog\/personal-loans-with-a-cosigner-what-are-they-the-pros-and-cons-and-how-to-apply\/\">applying for a smaller personal loan<\/a>, each lender has its own policies and may not look as closely into all four Cs.<\/span><\/p>\n<h2><b>5 Steps to Make Sure Your Loan Is Approved<\/b><\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3870\" src=\"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/02\/person-tries-to-apply-for-right-loan.jpg?resize=1140%2C641&#038;ssl=1\" alt=\"a person tries to apply for the right loan while looking a laptop computer screen\" width=\"1140\" height=\"641\" \/><\/p>\n<p><span style=\"font-weight: 400\">Taking a few proactive steps to put your four Cs and other factors forward before applying for a loan can improve your chances of success. Follow the tips below to do so.<\/span><\/p>\n<h3><b><a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-do-i-need-to-apply-for-a-personal-loan\/\">1. Apply for the right loan.<\/a><\/b><\/h3>\n<p><span style=\"font-weight: 400\">Don\u2019t apply for loans that you know you won\u2019t be able to get. Each time a lender checks your <a href=\"https:\/\/oxfordwisefinance.com\/blog\/how-to-take-out-a-loan-with-bad-credit\/\">credit for the purpose of evaluating you for a loan<\/a>, a hard inquiry goes on your report. Stack up enough of those and your score drops. It also makes you look desperate for money to other lenders \u2014 which is not a look you want to wear when applying for loans.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Instead, research loan options before you apply. Find out what type of credit and income may be required. And don\u2019t apply for loans that would have payments you know you can\u2019t afford.<\/span><\/p>\n<h3><b>2. Ensure your debt-to-income ratio is good.<\/b><\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3877\" src=\"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/02\/person-pays-credit-card-bill-online.jpg?resize=1140%2C641&#038;ssl=1\" alt=\"a person pays a credit card bill online\" width=\"1140\" height=\"641\" \/><\/p>\n<p><span style=\"font-weight: 400\">The top reason people get denied for a mortgage <a href=\"https:\/\/oxfordwisefinance.com\/blog\/emergency-bad-credit-loans\/\">loan isn\u2019t poor credit<\/a>. It\u2019s a bad <\/span><span style=\"font-weight: 400\">debt-to-income ratio<\/span><span style=\"font-weight: 400\">, or DTI. This is the ratio of how much you owe in debts monthly to how much income you have each month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DTI can also be a factor in <a href=\"https:\/\/oxfordwisefinance.com\/blog\/how-will-inflation-impact-my-personal-loan\/\">personal loan<\/a> approval. If you make $3,000 a month, for example, and you owe $2,200 in debts every month, that\u2019s an extremely high DTI. That only leaves $800 for living expenses and other bills, such as utilities. Lenders aren\u2019t likely to approve you for a <a href=\"https:\/\/oxfordwisefinance.com\/blog\/low-income-loans\/\">loan in this situation because you don\u2019t have enough income<\/a> left over to handle more debt.<\/span><\/p>\n<h3><b>3. Work to improve your credit.<\/b><\/h3>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/oxfordwisefinance.com\/blog\/possible-finance-bad-credit-loans-with-no-prepayment-penalties\/\">Credit scores can be a factor in loan<\/a> approvals. <\/span><span style=\"font-weight: 400\">Work to improve your score<\/span><span style=\"font-weight: 400\"> by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Making all your existing payments on time<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Paying down debt, especially on revolving accounts like credit cards<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reviewing your reports for potential errors and disputing them<\/span><\/li>\n<\/ul>\n<h3><b>4. Provide all documentation requested.<\/b><\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3876\" src=\"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/02\/person-answers-phone-call.jpg?resize=1140%2C641&#038;ssl=1\" alt=\"a person answers a phone call\" width=\"1140\" height=\"641\" \/><\/p>\n<p><span style=\"font-weight: 400\">Follow all instructions when applying for a loan and provide any information or documentation requested. If you don\u2019t provide the required documents, your loan could be denied or you could delay an approval.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Even simple <a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-is-a-personal-loan\/\">personal loans<\/a> like those available at Wise Loan may require proof of ID, a good address and account routing information (so you can receive an electronic deposit to fund your loan).\u00a0<\/span><\/p>\n<h3><b>5. Be available to answer questions.<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Don\u2019t apply and then ghost. Check your email and text messages in the hours and days after applying for a loan. The lender may reach out to clarify information or ask for additional documentation so they can approve your loan.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you\u2019re ready to apply for a <a href=\"https:\/\/oxfordwisefinance.com\/blog\/how-to-qualify-for-an-unsecured-loan\/\">loan that\u2019s easy to qualify<\/a> for and helps you build credit for the future, start with Wise Loan. <\/span><span style=\"font-weight: 400\">Apply today<\/span><span style=\"font-weight: 400\"> and, if you\u2019re approved, you could get your funds in a matter of minutes.<\/span><\/p>\n<h2><b>Loan Approval FAQs<\/b><\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3874\" src=\"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/02\/couple-signs-loan-form.jpg?resize=1140%2C641&#038;ssl=1\" alt=\"a couple gets a loan approved\" width=\"1140\" height=\"641\" \/><\/p>\n<p><b>Can an approved loan be denied?<\/b><\/p>\n<p><span style=\"font-weight: 400\">In some cases, a loan you thought you were approved for can get denied. This is most common in mortgage situations, where you may have been preapproved for a mortgage loan. However, once full underwriting occurs, the lender may decide not to go through with the loan after all, often due to changes with your credit, debt or income that occurred between preapproval and final closing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In rare cases, an auto loan you were approved for may be denied. Again, this is usually because of a change in the <a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-is-a-medical-loan-all-the-details-you-required-to-know-prior-to-applying\/\">details of your loan or because the lender couldn\u2019t verify certain facts you provided when you applied<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you\u2019re approved for a <a href=\"https:\/\/oxfordwisefinance.com\/blog\/why-should-i-get-a-personal-loan\/\">personal loan<\/a> and the money is funded (which means you received it) you can\u2019t typically be denied after the fact.<\/span><\/p>\n<p><b>How can I instantly borrow money?<\/b><\/p>\n<p><span style=\"font-weight: 400\">Wise <a href=\"https:\/\/oxfordwisefinance.com\/blog\/how-to-get-a-cash-loan-online\/\">Loan provides an instant funding option for its online<\/a> loans. If you\u2019re approved, you can get money in your bank account within minutes. This process requires that you have a Visa or Mastercard debit card associated with your bank account, as the instant funds are transferred via the card networks.\u00a0<\/span><\/p>\n<p><b>Who decides if a loan is approved?<\/b><\/p>\n<p><span style=\"font-weight: 400\">Lenders make the ultimate decision about whether you\u2019re approved for a loan. In some cases, automated computing systems handle the first round of evaluations and may deny your loan based on programmed requirements. If a lender requires a 600 credit score, for example, computer systems may automatically reject anyone with a lower score.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In most cases, a person looks at your application too. They may be an underwriter or simply staff trained to evaluate your documentation against the lender\u2019s loan requirements.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Frequently Asked Questions<\/h2>\n<h3 id=\"\">How can you borrow money quickly?<\/h3>\n<p>We are a loan agency that assists people in obtaining loans for whatever reason. We offer short-term and long-term loans with low-interest rates.<\/p>\n<p>Since 2010, we have helped people in the area and earned a reputation for being honest lenders.<\/p>\n<p>We offer fair rates on all <a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-you-need-to-know-about-a-payday-loan-in-mobile-alabama\/\">loans that we provide and ensure that you receive the loan you need<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<h3 id=\"\">What credit score is needed for a payday loan?<\/h3>\n<p><a href=\"https:\/\/oxfordwisefinance.com\/blog\/why-are-payday-loans-helpful\/\">Payday loans<\/a> don&#8217;t require high credit scores. They are <a class=\"wpil_keyword_link\" href=\"https:\/\/oxfordwisefinance.com\/short-term-loans-online\/\" title=\"short-term loans\" data-wpil-keyword-link=\"linked\">short-term loans<\/a> so you won&#8217;t have to worry about repaying them.<\/p>\n<p>However, if your credit score doesn&#8217;t improve, it could be difficult to borrow money over a longer time period.<\/p>\n<p>You may have to look for another type of financing that does not require good credit. A credit card is required if you are looking to purchase a large item such as a vehicle.<\/p>\n<p>&nbsp;<\/p>\n<h3 id=\"\">You can get a loan even if your credit is not good.<\/h3>\n<p>It depends on what kind of loan you want. It is possible to apply for an unsecure <a href=\"https:\/\/oxfordwisefinance.com\/blog\/is-a-personal-loan-a-good-idea\/\">personal loan<\/a>. If you apply for a secured loan like a car finance or home improvement loan, however, your credit rating will be higher.<\/p>\n<p>By paying your debts on a timely basis, you can <a href=\"https:\/\/oxfordwisefinance.com\/blog\/improve-your-credit-score-with-a-credit-builder-loan\/\">improve your credit score<\/a>. Your <a href=\"https:\/\/oxfordwisefinance.com\/blog\/will-my-credit-rating-decrease-if-i-obtain-a-loan\/\">credit rating<\/a> will improve if you pay more on your monthly repayments.<\/p>\n<p>&nbsp;<\/p>\n<h3 id=\"\">What is considered a hardship loan?<\/h3>\n<p>A hardship loan is a type if mortgage in which you have to demonstrate that you require the money for an unplanned emergency. This could happen if you lose your job or are seriously ill.<\/p>\n<p>This is the type of <a href=\"https:\/\/oxfordwisefinance.com\/blog\/indiana-loans-what-you-need-to-know\/\">loan you might need<\/a> if you don&#8217;t meet other requirements.<\/p>\n<p>&nbsp;<\/p>\n<h3 id=\"\">What are the most common uses of payday loans?<\/h3>\n<p><a href=\"https:\/\/oxfordwisefinance.com\/blog\/the-truth-about-payday-loans-in-california\/\">Payday loans<\/a> are used to meet short-term financial requirements when the borrower does not have sufficient funds to pay for bills or other expenses. A lender provides a <a href=\"https:\/\/oxfordwisefinance.com\/blog\/get-an-advance-income-loan-quickly-at-the-most-affordable-rates-of-interest\/\">loan to the borrower at extremely high interest rates<\/a>. This type of <a href=\"https:\/\/oxfordwisefinance.com\/blog\/how-do-payday-loans-work-and-what-are-your-alternatives\/\">loan is commonly called a &#8220;payday<\/a> loan&#8221;, as the borrower typically uses it to pay their bills until they get paid.<\/p>\n<p>While <a href=\"https:\/\/oxfordwisefinance.com\/blog\/applying-for-payday-loans-in-orange-ca\/\">payday loans<\/a> are sometimes considered last-resort options, many people resort to them when they require quick cash access and don&#8217;t want long waits at banks.<\/p>\n<p><a href=\"https:\/\/oxfordwisefinance.com\/blog\/cash-advance-for-gig-workers-what-is-it-and-how-to-qualify\/\">Cash advances<\/a> can be attractive for those who are trapped by mounting debt, who cannot afford credit card payment, or simply don&#8217;t have enough time to go to the bank to apply for a traditional loan.<\/p>\n<p>Many consumers believe that using <a href=\"https:\/\/oxfordwisefinance.com\/blog\/el-paso-payday-loans\/\">payday loans<\/a> is less risky than taking out a larger loan, which could lead to problems such as missed mortgage payments and repossession of property if the borrower misses several payments. However, lenders are required to charge higher fees in most states.<\/p>\n<p>If you take out a <a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-are-reno-payday-loans\/\">payday loan<\/a>, you should make sure to repay the entire amount within 14 days. Keep in mind that borrowing money means you have to agree to additional fees for each day. These fees vary depending on how much money you borrowed, but most lenders charge $15 per $100. You can find more information about <a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-is-the-very-best-online-payday-advance-loan\/\">payday loans online<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<h3 id=\"\">How does a payday loan work?<\/h3>\n<p>The <a href=\"https:\/\/oxfordwisefinance.com\/blog\/payday-loans-in-south-carolina-what-you-need-to-know\/\">payday loan<\/a> industry is one the fastest-growing financial sectors. They are commonly used for short-term financial emergency.<\/p>\n<p>An average <a href=\"https:\/\/oxfordwisefinance.com\/blog\/payday-loans-in-south-carolina-how-to-avoid-common-mistakes\/\">payday loan<\/a> applicant receives $300-$500 with an interest rate of about 300%.<\/p>\n<p><a href=\"https:\/\/oxfordwisefinance.com\/blog\/payday-loans-in-washington-what-you-should-know\/\">Payday loans<\/a> have existed since the 1980s. But, recent regulations require lenders to verify customers&#8217; income and credit score before granting cash.<\/p>\n<p>They also have to verify whether borrowers still owe any debts.<\/p>\n<p>Lenders could ask for collateral from borrowers, if these conditions have not been met.<\/p>\n<p>This could include furniture and car titles.<\/p>\n<p>As well as this, most <a href=\"https:\/\/oxfordwisefinance.com\/blog\/emergency-payday-loans-for-unemployed-people\/\">people applying for a payday loan<\/a> are required to provide two forms of ID when filling out the application form. This includes proof that you are located in the country and details about your bank account.<\/p>\n<p>A lot of <a href=\"https:\/\/oxfordwisefinance.com\/blog\/common-payday-loan-myths-and-the-genuine-fact-behind-them\/\">payday loan<\/a> companies also require applicants to sign documents agreeing not be sued if their company defaults.<\/p>\n<p>There are many reasons individuals may need to borrow quick money.<\/p>\n<ul>\n<li>An unexpected bill &#8211; If you&#8217;re suddenly hit with an expensive medical bill, you may be able to borrow some money against future wages.<\/li>\n<li>A broken appliance: If your washing-machine has stopped working, you may need money to buy another one.<\/li>\n<li>Unexpected expense: Perhaps you&#8217;ve been charged with traffic tickets or parking tickets. You need to borrow money to get out of this mess.<\/li>\n<li>A holiday \u2013 Maybe you&#8217;re looking to take a trip but aren&#8217;t sure how much money you have. This is when you will need to borrow money form a lender.<\/li>\n<li>Unpaid bills include utility payment, rent, counciltax, and mortgage repayments.<\/li>\n<li>Car repairs \u2013 There are times when an accident happens and you have to borrow money to repair your vehicle.<\/li>\n<li>Bad luck: Perhaps you were lucky enough to win the lottery, but didn\u2019t realize it until it was too late.<\/li>\n<\/ul>\n<p>It&#8217;s worth noting that payday <a href=\"https:\/\/oxfordwisefinance.com\/blog\/advancement-loan\/\">loans are often referred to as &#8216;cash advances &#8216;because they allow you to borrow money<\/a> by taking out a loan against your next paycheck.<\/p>\n<p>However, there are still risks.<\/p>\n<p>These include not being available to make the payment in time and accruing additional charges.<\/p>\n<p>There&#8217;s also the chance that the amount borrowed could exceed what you make over the course of the month.<\/p>\n<p>&nbsp;<\/p>\n<h2>Statistics<\/h2>\n<ul>\n<li>Cons Up to 8% origination fee (<a href=\"https:\/\/www.abcactionnews.com\/sponsor-generated-content\/10-best-emergency-loans-for-bad-credit-get-fast-cash-advance-with-no-credit-check\" rel=\"nofollow\">abcactionnews.com<\/a>)<\/li>\n<li>By comparison, APRs on credit cards can range from about 12 percent to about 30 percent. (<a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/what-is-a-payday-loan-en-1567\/\" rel=\"nofollow\">consumerfinance.gov<\/a>)<\/li>\n<li>Those protections include a cap of 36 percent on the Military Annual Percentage Rate (MAPR) and other limitations on what lenders can charge for <a href=\"https:\/\/oxfordwisefinance.com\/blog\/what-is-the-very-best-online-payday-loan\/\">payday and other consumer loans<\/a>. (<a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/what-is-a-payday-loan-en-1567\/\" rel=\"nofollow\">consumerfinance.gov<\/a>)<\/li>\n<li>Upgrade The company offers a 3 percent cash back on Auto, Health, and Home categories and a 1 percent cash back on the rest. (<a href=\"https:\/\/www.abcactionnews.com\/sponsor-generated-content\/10-best-emergency-loans-for-bad-credit-get-fast-cash-advance-with-no-credit-check\" rel=\"nofollow\">abcactionnews.com<\/a>)<\/li>\n<li>For example, CashUSA&#8217;s <a href=\"https:\/\/oxfordwisefinance.com\/blog\/everything-you-need-to-know-about-payday-loans\/\">payday loan<\/a> APRs range from 5.99% to 35.99%, placing them well within the averages for most major lines of credit, including credit cards and bank loans. (<a href=\"https:\/\/www.timesunion.com\/marketplace\/article\/best-online-payday-loans-16746822.php\" rel=\"nofollow\">timesunion.com<\/a>)<\/li>\n<\/ul>\n<h2>External Links<\/h2>\n<h3><a href=\"https:\/\/sfgate.com \" rel=\"nofollow\">sfgate.com<br \/>\n<\/a><\/h3>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/www.sfgate.com\/market\/article\/best-bad-credit-loans-16667013.php\" rel=\"nofollow\">Bad Credit Loans: 5 Best Lenders to Help People with Poor Credit<br \/>\n<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/www.sfgate.com\/market\/article\/best-payday-loans-online-16569581.php\" rel=\"nofollow\">Best Online Payday Loans: Top 4 Same-Day Lenders for Fast Cash Advances<br \/>\n<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><a href=\"https:\/\/consumer.ftc.gov \" rel=\"nofollow\">consumer.ftc.gov<br \/>\n<\/a><\/h3>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"http:\/\/www.consumer.ftc.gov\/articles\/0149-debt-collection\" rel=\"nofollow\"> Consumer Advice<br \/>\n<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2 id=\"section-how\">How To<\/h2>\n<h3 id=\"section-how-item-1\">Best Military Payday loans<\/h3>\n<p>According to various reports, one fifth of Americans are currently in the armed force. According to Department of Defense, veterans represent approximately 1\/5 of the unemployed in the country. Millions of veterans return to their country with financial difficulties.<\/p>\n<p>It can be difficult to find affordable financing options for active-duty military personnel and their families. Sometimes, the difficulty is due to a lack of credit. Many lenders are reluctant to lend money to people with low <a href=\"https:\/\/oxfordwisefinance.com\/blog\/do-you-have-a-fair-credit-history-heres-what-you-required-to-know\/\">credit scores or poor credit histories<\/a>. This causes them to struggle to get the funds they need to pay bills and purchase basic necessities.<\/p>\n<p>There are many options for <a href=\"https:\/\/oxfordwisefinance.com\/blog\/the-difference-in-between-a-wise-loan-and-a-payday-advance\/\">payday loans<\/a> that can help you get your finances back on track. Another <a href=\"https:\/\/oxfordwisefinance.com\/blog\/making-an-application-for-a-loan-online-vs-in-person-whats-the-best-and-trustworthy-option\/\">option is to get a personal loan<\/a> through your bank or credit union. Another option is looking into government programs such U.S. Department of Veterans Affairs (VA), or U.S. Treasury Department&#8217;s <a href=\"https:\/\/oxfordwisefinance.com\/blog\/paycheck-advances-credit-builder-loans-and-overdraft-protection\/\">Paycheck Protection<\/a> Program. But if you need extra cash fast, you might consider looking into short-term <a href=\"https:\/\/oxfordwisefinance.com\/blog\/7-benefits-of-an-installation-loan\/\">installment loans<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With more than 21 million outstanding personal loans in the United States, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","pagelayer_contact_templates":[],"_pagelayer_content":"","iawp_total_views":3,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[142,175],"tags":[],"class_list":["post-2106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-business","category-loan-approval","col-md-12"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Get Your Loan Approved - 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