Business, 15.11.2019 01:31 Benthega

Old doc white advised you to do your homework before applying for a consumer loan. which of the following is his main piece of advice on preparing to get a consumer loan?
a. build a monthly budget that includes the loan payment, but there's no need to include any of the associated costs (insurance, maintenance, etc.) in your budget because they are too hard to estimate.
b. take the shortest loan term (number of years) possible so that you are out of debt faster
c. check your credit history at least 3-6 months before applying for the loan.
d. apply for a loan at 3 separate banks to ensure that you will have enough money to make the purchase (the babe ruth rule).

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Old doc white advised you to do your homework before applying for a consumer loan. which of the foll...

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