How to Ensure that Your Loan Gets Approved

Applying for a loan is a nerve-racking process. Once applied, one is in a state of constant turmoil over whether it gets approved, knowing that there are many reasons a loan could get denied. But instead of worrying, here are a few things that you can do to ensure that your loan gets through in the fastest possible way.

  1. Check your credit history.

The number one reason loans get turned down is poor credit history. Check your credit ranking to see whether you meet the minimum threshold for the application. There are free online websites and software that will do this for you, and it only takes minutes to get your result. You also need to ensure that you have a low debt-to-income ratio. If you are already borrowing a lot, you will be less likely to get another loan approved. To make sure that your credit score is good enough, you can call your bank or lender and ask them directly.

  1. See if you meet the other requirements.

Just as credit history is important, each different type of loan comes with a different set of requirements. Some of these requirements are quite self-explanatory, such as being registered for classes in order to get a student loan. Securing title loans in Salt Lake City will require you to have a vehicle registered in the state of Utah, while a small business loan may require you to have a certain amount in cash flow. Other loan requirements include having a clean title, being under a certain threshold of debt, or not having any felonies.

  1. Make sure that you are reachable.

This may sound obvious, but when you apply for a loan, you need to make sure that you can be contacted easily. This means providing the lender with a valid address where you are a resident, as well as a working phone number and email. You also need to make sure that any references that you have listed are aware of being your reference and that they are also easily reachable. Also, make sure that all of the information that you have provided is easily verifiable, such as your social security number or ID.

  1. Make sure your collateral is good enough.

When you apply for a loan, you need to offer something up as collateral, which will serve as a guarantee to the lender that you will pay them back. Examples of some things that you can use as collateral are your car, house, paychecks, stocks, and other assets such as jewelry. Make sure that what you offer as collateral matches the size of the loan you ask for; otherwise, your loan will get denied.

If you take care of the basics before you apply, getting a loan is not that difficult. The most important steps are to identify whether you qualify and that your loan fits your purpose. Instead of getting disheartened if you do not qualify, try to improve the factors that are holding you back. Then reapply at a later date.


Welcome to the Night Helper Blog. The Night Helper Blog was created in 2008. Since then we have been blessed to partner with many well-known Brands like Best Buy, Fisher Price, Toys "R" US., Hasbro, Disney, Teleflora, ClearCorrect, Radio Shack, VTech, KIA Motor, MAZDA and many other great brands. We have three awesome children, plus four adorable very active grandkids. From time to time they too are contributors to the Night Helper Blog. We enjoy reading, listening to music, entertaining, travel, movies, and of course blogging.

One thought on “How to Ensure that Your Loan Gets Approved

  • Hi LisaLisa,
    Great Article. I completely agree with the flow of Title Loans. Thanks for sharing.
    I am sure others too would benefit from it.! Cheers!!


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