Sentences with phrase «getting loan rejections»

It's tempting to keep on going despite getting loan rejections, and it's an admirable trait to have.

If you do not want to get a loan rejection letter, here are some suggestions that you may follow:

Not exact matches

The owner of 26 Valvoline Instant Oil Change franchises in North and South Carolina had previously gotten loans to buy locations, but also had about 20 rejections.

«A lot of small businessmen take it personally if they get turned down for a bank loan,» says Leonard Leff, president of CDS Capital, a finance and factoring company in Lynbrook, N.Y. «They say, «Do I want to get another rejection?»

Every rejection is an opportunity to learn more about what will make your next loan application get approved.

But getting loan approval can be tricky if the right approach is not made, and if the criteria are not met, then rejection is practically guaranteed.

Poor credit can mean few to no chances of getting approved for a loan, and fair credit can place prospective borrowers on the cusp of approval and rejection.

Unfortunately, he was instead stuck with a 712, and can face a total rejection of his loan, or will end up paying a much higher cost over the term of the loan if he's lucky enough to get approved.