When shopping around for personal loans online, you should keep in mind that lenders specialize in working with specific borrower profiles. Not every bank works only with candidates with pristine credentials.

If you have experienced a rejection in the past from a bank targeting blue-chip borrowers, you should know that you may be able to qualify based on income only. Choose an affordable monthly payment.

 

Qualifying for personal loans may seem out of reach if you are a young adult with no credit history. Many more options exist than most people realize.

The reason is that so many people graduate with student loan debt. Although many have yet to make a payment, the simple fact that several banks report that you exist makes a big difference.

 

Proof of income is a very important consideration when applying for a personal loan online. The lenders need to confirm that your future earnings are sufficient to handle monthly payments.

People who are self-employed sometimes face challenges demonstrating that they are suitable applicants.

 

Online lenders love federal government employees! Their secure jobs and steady paychecks make them ideal borrowers, all other underwriting criteria aside. Shutdowns get lots of press, but occur infrequently, and do not last terribly long.

Unsecured personal loans provide a great way to obtain funding to meet short-term needs.

 

Online personal loan companies love to see a solid reliable job history. This means the applicant has a predictable future income stream that is highly likely to remain in place until repayment is complete.

Schoolteachers often have very secure job situations, and a reliable steady income. This makes them ideal candidates for approval, unless of course they have a poor credit score.