100% Guarantee of Receiving a Loan. True Or Fiction?

We meet this phrase when viewing ads in which credit brokerage services are offered. As a rule, it is present in ads on obtaining cash loans, less often mortgages and loans secured by real estate.

Similar announcements we see everywhere: in newspapers or on the Internet, on poles, in the subway, at stops. And at once there arises confidence in this soothing phrase, the idea arises: "If they really guarantee a loan, then they can be trusted, they know their business, professionals."

Unfortunately, in practice it turns out that the phrase "100% guarantee of obtaining a loan" at best, unscrupulous advertising at worst is simply unprofessional.

It is necessary to start with the fact that when submitting information to the bank, the various data specified in the credit questionnaire (income, expenses, employment, availability of operating loans, repayment of loans and much more) are considered.

The documents confirming the identity and documents from the work place, confirming employment and income are checked.

You did not think how people guarantee you a loan, in case your employer, something incorrectly indicated or incorrectly assured these documents.

There are cases when when a staff member calls from a bank to work as a borrower, the call gets to a personnel officer with whom the borrower has strained relations, and he says that you will soon be reduced and give credit to you will be nothing. Or maybe you yourself, something extra told the bank's employee and it was decided to refuse you.

The process of arranging a credit transaction depends not only on the loan broker, but on a variety of factors, and on some of these factors the broker can not exert influence, so the phrase "100% loan guarantee" does not match the capabilities of people who indicate it in their ads.

Finally, it is worth noting that the likelihood of obtaining credit through credit brokers is much higher than when personally contacting the bank. This is due to the fact that brokers know the credit policy of banks because of their specific activities , help them to prepare documents competently, expedite consideration of the loan application, not to mention the selection of the bank or credit program.

However, the high probability of obtaining a loan is not a guarantee