| Getting and keeping credit is enough of a problem all | | | | you are after. |
| by itself, but being self-employed and trying to obtain | | | | Either way, a secured personal loan is much easier to |
| loans is a whole new ballgame. It is a good bit harder | | | | obtain than an unsecured personal loan. As a |
| for a person who is self-employed to obtain credit for | | | | self-employed person, it is very hard to obtain an |
| anything than it is for a person who has taxes taken | | | | unsecured loan from a large company if you are within |
| out of their check every week. | | | | the first year of your business. It is often easier to go |
| As you are probably aware, all places require you to | | | | with a smaller company where you can talk to a loan |
| prove that you actually have income before they will | | | | officer one on one and explain your situation. If you |
| lend you money, but some places require different | | | | can make the person you are dealing with care about |
| kinds of proof than others do. Depending on whether | | | | you, they will often do the best they can to get the |
| you are dealing with a large company that runs | | | | money you need. The most you will typically get when |
| applications through a computer or a company where | | | | dealing with large companies such as Capital One or |
| you can actually speak to the person who reviews | | | | HSBC is a somewhat nameless person that likely lives |
| your application, you may have to have anything from | | | | in a foreign country reciting company rules and |
| tax returns to paycheck stubs or even down to just a | | | | regulations with next to no room to maneuver to help |
| letter from your employer. | | | | you out, no matter what your situation is. Trying to |
| When dealing with small companies, you may be able | | | | make these people care about you is usually fruitless, |
| to get away with just a record of your income that | | | | so if you are newly self-employed and need a loan of |
| you have kept personally for the past year or more, | | | | any kind, try to deal locally with an actual person. This |
| but when dealing with large companies that approve | | | | is the easiest way to get the funds you need, whether |
| and reject applications by computer, you will likely need | | | | it is for a vehicle, equipment, or anything else you might |
| the past two years' tax returns. If you do not have | | | | want a loan for. |
| these, you are likely to have problems getting the loan | | | | |