Getting a Loan By Dianne Mylenbusch

Getting a loan means getting credit. That seems easy enough to understand, especially when you’re looking for a car loan, boat loan, or home loan. However, to completely understand credit, you need to look at credit as a way of life. You live in a “cashless” society, where plastic credit cards are more common in wallets than paper money. Learning about credit is a journey toward building one of the most important financial tools you can use — not only to make purchases, but also to enhance your reputation and standard of living. Does it matter how you handle your credit? You bet! The manner in which you establish, develop, and maintain your
credit is a direct reflection of your credibility, trustworthiness, and ability to repay your debt. It can affect your future employment and credit-seeking opportunities. Your focus is to make credit work for you, not for credit to overwhelm you in excessive debt. In this book, I share my knowledge of credit from both sides of the desk: as a loan administrator and as a credit-using consumer. Here you learn how to establish and properly maintain your credit. You explore the variety of avenues where credit is available: store charge cards and bank credit cards, as well as loans for your home, car, higher education, and major appliances. Finally, you identify the early warning signs of credit trouble, its unfortunate consequences, and how to seek counseling and fix your situation.

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