Loans are required at some point of time in a person’s life. Many milestone events in themselves or unexpected events require immediate funds which may not be available at hand. This is where a loan comes into the picture as a relief.

Loans are usually required either for personal or business requirements. People take loans for the following reasons:

· Debt repayment,

· Down payment for a home

· Auto loan

· Business loan

· Personal Loan

· Paying income tax

· Paying credit card bills

· Investment schemes

Many companies are intermediaries between the loan providers and the loan takers. These loan agencies find the perfect match of lender and taker, after considering what the requirements are and which party is willing to lend that particular amount. There is cash loans on the amount they can raise, usually 50,000 to 200,000 dollars.

The benefits of these companies are that they are not as strict as banks in studying the credit worthiness of their clients. In fact, they openly advertise inviting people with bad credit, no credit, even bankrupt people to avail of their loans.

They have access to financial institutions, private loan lenders and even banks who are willing to lend.

Credit Score

Is a numerical expression based on a balanced analysis of a person’s credit record, representing the credit worthiness of the person. Lenders like banks and credit card companies evaluate the potential risk exhibited by these persons when they apply for loans by studying their credit scores. In the present context, the loan agencies are hardly concerned about the credit score of their clients.