Released on = July 31, 2007, 1:55 am

Press Release Author = anaya

Industry = Financial

Press Release Summary = Lenders consider various things before granting secured and
unsecured loans. Credit rating of is one of them.

Press Release Body = London (longdogfinance) July 27, 2007: Borrowers should take
extra precautions so that their credit rating is up to the mark. It is an important
consideration for the lenders.

Whether it is a secured loan or an unsecured loan, lenders are equally concerned
with your credit ratings. Your past record is an indicator of your future behaviour
as well.

In the context of career development loans, the spokesman of Co-operative Bank said
that they wouldn't accept a person who has a very, very poor credit history just
because it\'s a career development loan. Commenting further on the subject, he said:
\"A credit score in the past is usually a good indication of what\'s going to happen
in the future, so if somebody\'s been a poor credit risk previously, just because
they\'re taking a course doesn\'t necessarily mean they\'re going to be a sound credit
risk in the future\".

So, it is important for a borrower to keep his credit record intact. This might
bring him a lot of benefits. Lenders usually give concessions to those who have an
exceptionally good credit record.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit http://www.longdogfinance.co.uk/



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