Here at CLF, online loan applications are submitted every day from applicants who need to borrow money for home mortgages, auto loans, personal, payday, bad credit, and student loans (just to name a few). Today we are going to talk about the loan applications we have been publishing here for the past 3 years. Sort of a look back at all the applicants and their submissions so far on our site.
All of the published loan apps here are done with the utmost security we can muster. We change the names of the applicants if for any reason we think that the borrower’s identity could possibly be compromised due to the detailed nature of the information in the application form they fill out. If you have never been to our site before, then I would like answer a common questions.
Most Common Loan Application Question – The question is always, “where do we find the application forms on your site so I can fill it out”. The answer is that we use the comments sections for these apps that come through from eager applicants who want to get approved by a lender in their area. You can find this application area at the bottom of each post on the site. You do a search for the type of loan product you are looking for by using our search tool at the top of any page on CLF. Once you have found your loan category, then you can scroll down to the bottom of the page and use the submission sections to write your loan request. This is done in free form, but most applicants use this basic app format though;
Basic Personal Loan Application
—————————————————————————————
| Loan Amount :: |
| Loan Application and Processing Speed :: |
| What do you need this loan for? :: |
| What City/Town, State and County do you live in? :: |
| Zip :: |
| What is your employment field? :: |
| Employment Position :: |
| When are you paid? :: |
| Your credit rating to be – excellent, fair, or bad? :: |
| How did you find us? :: |
| Bank Name and Branch :: |
| How are you paid? :: |
| Gross Amount Per Paycheck :: |
| Do you agree to have this information published online, minus your PRIVATE information? :: |
| Please enter any extra information that you would like to provide? :: |
So the applicants that come to our site use the basic format for their loan request and they fill out as much information as possible, as to get a response back from a lender closest to them. This is how it works.
Our staff (based in Los Angeles) looks through all of the online applications that come through our site everyday. The look for the most detailed submissions and send those chosen to the private lenders from the applicants address. If the loan is approved for the applicant, we MAY get a small commissions for our efforts – may time we don’t, but we are providing a service here right. The most detailed applications get first pick because the more information added to their submission are easier to make a straight up decision on the app. When the submission has not detail then the lenders, banks, or credit unions, have to go through the whole process again of getting their application complete enough to process correctly. Many of the lenders we work with are private lenders, and they can approve and fund a loan even if it’s an unconventional application. Meaning that the applicant(s) may have a poor credit score, or may have a troubled payment history with their creditors. If the private lender sees in the application form that the customer has a secure job and a has been living in the same city or town for a period of time longer than 2 years, they may take the risk and lend them the money.
The interest rate on private loans can vary though – you have to make sure you don’t sign on to a loan for an extended period of months or years that straps you down with a really high APR. We (CLF staff) have nothing to do with the loan agreement between the borrower and the lender either, so you are completely on your own in that respect. Please read our terms and privacy to learn more about the role California Loan Find plays in the borrowing and lending process.
Which Loan Applications Get Chosen for Publication
We get asked allot, “how do you choose which loan applications are published on your site”. The answer is really two-fold. One, we publish applications if the applicant agrees that we are allowed to do so, and if so, we protect their identity. Two, we publish loan application if the information submitted in the form will add some sort of value to our site. If we think that the applicant’s loan request and “story” is on that can shed some light on a particular lending product, then we will publish it.
The idea behind publishing the information from an application, is that other applicants, customers, consumers (PEOPLE) can learn something about the borrowing and lending process, and may see themselves in the published applicant’s financial situation. This can be both entertaining, and eye-opening for our readers.
Auto Loan Applications
Auto loan applications are of course managed differently. The questions are a little bit different in respect to what the lender requires from the borrower to expedite their application. If you filling out an application form for an auto loan, then you need to use the following format of questions and answers.
| Auto Loan Amount :: |
| Auto Loan Application and Processing Speed :: |
| What kind of vehicle do you want to purchase? (car, truck, atv, rv) :: |
| What City/Town, State and County do you live in? :: |
| Do you have collateral in any form? :: |
| What make of vehicle do you want? :: |
| Do you want to buy a new or used vehicle? |
| Do you have a vehicle for trade in? |
| If you have a trade in, what make is it? |
| If you have a trade in, what model is it? |
| If you have a trade in, what year is it? |
| Zip :: |
| What is your employment field? :: |
| Employment Position :: |
| When are you paid? :: |
| Your credit rating to be – excellent, fair, or bad? :: |
| How did you find us? :: |
| Bank Name and Branch :: |
| How are you paid? :: |
| Gross Amount Per Paycheck :: |
| Do you agree to have this information published online, minus your PRIVATE information? :: |
| Please enter any extra information that you would like to provide? :: |
Home Mortgage Loan Applications
Home mortgage loans applications are handled differently of course. The typical information required for submission on a home mortgage is something like this.
| Home Purchase Amount :: |
| Home Loan Application and Processing Speed :: |
| How much do you have for a down payment? :: |
| What is your DTI (debt to income ratio)? :: |
| Do your currently have a mortgage? :: |
| Are you a first time buyer? :: |
| Do you have a co-signer or co-borrower if required? :: |
| What City/Town, and neighborhood do you want to buy a house in ? :: |
| What City/Town, State and County do you live in currently? :: |
| Zip :: |
| What is your employment field? :: |
| Employment Position :: |
| When are you paid? :: |
| Your credit rating to be – excellent, fair, or bad? :: |
| How did you find us? :: |
| Bank Name and Branch :: |
| How are you paid? :: |
| Gross Amount Per Paycheck :: |
| Do you agree to have this information published online, minus your PRIVATE information? :: |
| Please enter any extra information that you would like to provide? :: |
Payday/Cash Advance Loan Applications
Online applications for payday loans (cash advances) have to be filled out differently as well. This is a completely different kind of lending product. This is a high APR product and generally very short in term.
| Payday Cash Advance Loan Amount :: |
| Payday Cash Advance Speed :: |
| What City/Town, State, and County do you live in? :: |
| Zip :: |
| Active duty military personal? :: |
| What is your employment industry and how long in this field – detail please? :: |
| Employment Position :: |
| When are you paid? :: |
| What would you consider your credit rating to be – excellent, great, good, fair, bad? :: |
| How did you find us? :: |
| Bank name :: |
| Bank branch :: |
| How are you paid? (eft, direct deposit, paper check) :: |
| Gross Amount Per Paycheck :: |
| Do not include ABA or bank routing numbers here. This is for your personal security. Do not enter social security numbers here. Do you agree to have this application information published online with your PRIVATE info removed? :: |
| Any extra information here please :: |
| Note to Lender – Please add any information you are comfortable with sharing regarding this loan :: |
| Have you ever defaulted or bounced a check with a payday cash advance loan in the past? :: |
Student Loan Applications
Student loan applications are of course different in may respects. This the basic format that all student loan applications should be filled out in. You can see that the extra information sections would be used to a great degree, as all student loan apps vary from one extreme to another. The devil is in the details as they say. Of course our student loan applications is a short form pre-app, and when it’s time to full out the full application, you would be filling in all of the information, such as this student loan application form example (from the FAFSA site)
| First Name :: |
| Last Name :: |
| What City/Town, State, and County do you live in? :: |
| Zip :: |
| What type of student loan are you applying for? (community college, universtiy, technical) :: |
| What is your eductional background so far? :: |
| Age :: |
| Street address :: |
| Phone Number :: |
| Email :: |
| Cell phone number :: |
| Do you have a co-signer :: |
| Are you currently a graduate student :: |
| Are you currently an undergraduate :: |
| Do you have a college, university, or school of choice :: |
| What field of study are you interested in pursuing :: |
| Are you and adult student? :: |
| Extra information here please :: |
Loan Application Submissions
These are the basic loan applications in their broad format and it’s worth mentioning again that all of our application forms pre-apps and not to be mistaken for the full form applications. Your privacy is always secure. So to remind you of the process here at CLF, this is the order in which an application for lending can be made;
- use our search functions to look for the loan product you are applying for
- click the closest loan application submission to the one you are submitting
- scroll down the bottom of the application and find the comment box
- make your application by answering the questions shown in the forms above – some applicants actually copy/paste the pre-form questions from above for the particular lending product, and then answer them
- make sure your first name and last intial are filled in the correct field
- make sure your email is filled in the correct field (your email is never shared!)
- if you have a web site, you can fill in the appropriate field as well
- make sure you write as much detail as possible – the loan applications with the most detail get the most attention
That’s it. Our lenders have access to our database, and they scan all of the loan applications to see if they can do business with the people who make the applications. An example of a bad application would be, “name is Bert and i need a 10000 loan“. This kind of loan request format gets NO attention from anybody, and usually we never even approve it.
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