How to find a loan near you

Finding a loan near you can be very time consuming. Lets face it we are all busy and going from bank to bank is not always an option. Are there alternatives? Do we have other options?

For started there exist something like a credit broker. Now there are pro’s and con’s to this approach. Here are the advantages:

• They have different banks and lenders in their portfolio
• They can compare rates for you
• They can give you advice on the best loan option to take

However there are some disadvantages that you should be aware of. For starters you should be aware that not all of them are 100% honest.

They might not give you the cheapest APR loan but the loan they get the highest commission on. Credit brokers get commission on the loans they offer so if you have a credit broker who is only interested in his own pocked it might be best to avoid them.

Another option is looking online. You have comparison websites who have loans which are arranged based on lowest APR. This might give you a nice overview of what your options are. A second option are websites that list loans near you. Here you can go to your state and city and find local lenders. Sometimes they have a website and sometimes just a Facebook page. However the most important part is their address since you can go to their office and apply for the loan immediately.