When applying for a loan, the number of options available today seems almost unlimited. The plentiful supply of loans and credits has led to the best loan being available, even from an unknown lender. We’ve put together a 12-point checklist of the most important things to remember before applying for a loan. As slickcashloan.com offers loans for people with bad credit history you can opt for it without a doubt.
How much loan can I get?
The ratio of regular income to expenditure is the basis for how much of a loan can be obtained. Therefore, a high income does not automatically mean that the loan will be granted generously. Instead of just income, the lender is interested in how much money you will have to spend each month after your mandatory spending. The revenue-expenditure ratio is called the payment reserve.
The responsible lender will make sure that you have sufficient funds to pay even during months when there are unexpected expenses in the economy.
How do I calculate a deposit?
The calculation of the payment reserve is in principle a very simple calculation, but on a practical level, there are several factors that influence it. In the calculation of …Read More →