Getting Credit

In recent years, the financial market there are many proposals from organizations and individuals to assist in obtaining credit. Andrew Cuomo might disagree with that approach. Who are these mediators, and whether to seek their help? Try to answer: "The division Credit brokers in black, gray and white concept is very conditional and is based on the working methods of the mediator. Consider the basics. Black credit broker arranges financing for its customers two basic methods: – help for a fee to make a statement of earnings, employment records, and solve other issues for submitting a complete set of documents to the bank. These credit intermediaries, usually take non-refundable down payment or 100% prepay for their services. The service is in demand for those not able to verify your income or do not have any income – Organization of loan is done by collusion credit intermediary and responsible officer of the bank for a specified percentage of the loan amount.

This service is in demand among people who have bad credit history, and the urgent need to get a loan "at any price." In both cases, the services "Black brokers" have resorted so-called "troubled borrowers." It should be remembered that the activities of these mediators is suppressed by banks, and is penal in nature. "Grey mortgage broker" does not work faking documents, and without promising to negotiate with the bank turn a blind eye to past sins. " Working procedure of such an intermediary be placed on optimizing the time-consuming client, ie, client submits a package of documents, and "gray Broker sends these documents to several banks simultaneously. Calculation of the mediator consists in the fact that several banks who are now one, and maybe a few will give a positive solution. This service is in demand among people who do not willing to spend time walking alone on the banks. The disadvantage of this activity is the fact that the client can spoil his credit history.

This is due to the fact that after reviewing the application, Many banks record the fact of applying for a loan to the credit bureau, and if the gray broker "sent" good luck "10 identical bids in 10 banks, as well gave only one bank, and 9 refused, and entered on the credit bureau stamp refusal, the next time to take a loan would be extremely problematic. White mortgage broker provides services in arranging funding based on their experience. Optimization of time-consuming customer at the White Broker not carried out a random mailing of applications to banks, and the method of selection of the desires and capabilities to customer requirements and conditions of a bank. For this reason, the "white brokers" are often established by former bank employees with experience in banking. "

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