Saturday, 27 November 2010

Payday Loans

Foreclosure is always a hard thing and a race against time. Although a loan modification can slow the process you have fewer options the longer you wait. Not all lenders have the staff or experience to handle mortgage loan modifications. Even with a capable attorney the process can drag on for months. And this does not help much when you need money fast

But you dont have to sit and wait. There are some things you can do to speed up the process. These are the best things to do

1. Check online that are small loans that can cover your needs. The benefits of this option are:

No fax
This is a very fast process that dont need any fax with details and personal information. The loans can be accessed in 24 hours. For those who needs fast loans for their emergency needs or for those who dont have a fax machine.

No credit check
This is for those who cannot take a loan because of their credit rating. They are short term and they dont do usually do credit checks on customers

Instant
They are fast loans that are usually only run for a short time and they are paid back when an individual is paid at work.

2. Put everything on paper and keep files. Its not uncommon for lenders especially smaller ones to lose track of your application. To prevent delays make sure all your efforts are documented and kept on file. This includes all the calls you make and receive both from your lender and loan modification attorney.

2. Do your own financial statements. Part of every home loan modification is a financial worksheet which will be your main basis for qualification. Most lenders have their own forms but it wont hurt to make your own as well. If your lender insists on using their worksheet at least youll have all the information ready.

3. Keep all your bills. The financial worksheet will require you to dig up old bills and hold on to the ones that keep coming. This will help you keep the information as accurate as possible. Even if they dont ask for it its best to include them anyway.

Be sure to submit as much truthful and verifiable information to your loan modification attorney.

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