Thursday, February 14, 2008

Special Privileges?

Are you a doctor, lawyer, or a dentist? Do you live in the UK or are you thinking of moving there? Do you need a Commercial Mortgage ? If so, you may be able to get some special treatment. Did you know that some lenders will work harder for people in professional jobs? They do so because they say it is more likely that someone in a professional position will be able to repay their loan. Some of these lenders will loan out more than they would if you did not hold a professional job.

On paper, that makes perfect sense. If someone draws a bigger salary, they can afford more. Lenders look at these professionals as guaranteed customers. I have a different take on things because I have known people with professional jobs who have been very careless with money or they have not been very good at managing it. Maybe the overall statistics support the idea that these lenders hold to. Maybe I'm the one who is way off. What I do think is that credit scores speak for themselves. No matter how much money you do or do not make, you have to have a good credit rating to get anything. If you keep that up and pay your bills like you ought to, your credit score continues to climb. This makes it easier for you to purchase necessary things. It doesn't matter what kind of job or title you hold. If you've got a good credit score, I'd give you a loan!

post signature