How to get approved for a personal loan? Did you know that you can get $100,000 in one day
just by signing your name? Yeah, no collateral, no giving your left arm, not even a blood sample,
literally just signing your name. I have gotten over $100,000 in personal loans,
just by signing my name, I'm going to share with you exactly how to get that done so that you can
do it too. Let's go.
So what is a personal loan? A personal loan is really just a loan that you can
get from any bank or lender where it does not require you to give any collateral,
meaning you do not have to put up your house, your car or anything in exchange for this loan. They
will simply look at your credit. In most cases, sometimes they don't even look at your income,
they will qualify you based on how well you have paid other people and you can use the money for
whatever you want to. You can buy a house with it, you can buy a car with it, but you do not have to.
You literally can do whatever you want with the money. I got a personal loan a few years
ago when I was quitting my job because I wanted to make sure that I had enough money saved just
in case anything happened. Now, this was before I ever learned about business credit, which I teach
you all about. This is where you use your own personal credit your own personal score, and you
get a loan, just by signing your name. I literally was able to go to different banks and secure loans
for different amounts, all at the same time and you can get multiple loans from multiple banks.
And this is completely legal, so long as you disclose it. I was able to use this money so that
I have reserves that when I quit my job, I have plenty of money saved up just in case anything
happened and it really made the transition of being a working person to entrepreneur so much
easier. So let's get into how you get it done. So let me tell you a quick story because I got
approved through a really weird way. I did not know that you really could just go to a bank.
I use what was called a broker, I had this friend and she would help people get personal loans. She
literally had relationships with banks, and she knew exactly what to put on the application in
order to get approved. I did not have to show my tax returns, I just had to show them my pay stub
and sign my credit. At the time I had a pretty good credit score, it was over 700. But it was
not as high as it is today. Like today, I think I have like an 811 score. But at the time, I think I
had like a 725 score and I was able to get over $100,000 in personal loans. Additionally, I was
able to get the money really fast. I just walked into the bank, I signed the paperwork, and they
handed me the check and deposited into a checking account. I couldn't believe it. I literally walked
away in less than a day with over $100,000 and I never had to do any collateral. It really was just
based on my credit and one pay stub. Now you may be thinking this is impossible. Banks don't really
do that. But absolutely they do. Almost every bank that you can think of does personal loans,
including credit unions. In fact, now that I know you can get even more money from credit unions
than you probably can from some of the bigger banks. Now the bank that I use was a bank in Texas
called BBVA Compass. This was a mid sized bank, which is one of the banks that I usually recommend
to you. I always tell you that going with the big banks like Chase, Wells Fargo and Bank of America
usually are not your best bet if you're just getting started. Usually your mid tier banks like
Regions Bank, Bank of Ozarks, PNC, BBVA Compass, and a lot of your mid size banks have a lot more
money to lend to midsize people. You don't have to have the best credit and they're looking to make
money and they're trying to take a little bit more risk, but they're not as risk averse as some of
the other places. Additionally, credit unions are an amazing way to get money and especially when
it comes to personal loans. I was able to actually go to my credit union and do a secured loan which
I can talk to you about as well. You can take out what's called a CD or certificate of deposit
and immediately borrow money against it. So it's like you give them the money and then you borrow
it right back. It's the simplest thing and most people don't know, it actually helps your credit
score go up a ton. Because a lot of times when you get these types of loans, personal loans or
secured savings loans, that's what they're called, you get an installment loan on your credit report.
And this shows that you have new credit for a high amount. Additionally, what I would suggest is that
you take a lot of that money and you pay off your high interest credit cards so that your credit
score goes way up because once you pay off your credit cards and you have this new installment
loan, you usually can increase your credit score by at least 100 points. That was one of the tricks
that I used to not only get money for my business, but also to increase my credit score by a whole
lot of money, and my students are still doing it to this day. So let me tell you a quick secret,
though that I didn't share. So like I said, I was able to use a banker, she helps a mortgage
loan officer, but she also had relationships with local banks, and she was able to get me a personal
loan. I'll put her information below because she still does this today and I absolutely think
she's a great resource for people, especially if you're in Texas. But let me tell you the
catch because this is super important. She does charge a fee. In fact, she takes 10% of all the
money secured. So like I said, in this case, I got $100,000, I had to pay her a fee of $10,000.
I want to be 100% honest with you because it can be a very expensive way to get money. But for me,
it was definitely worth it. Now, let me tell you the big secret, you do not have
to use a person like that. I did not know that I could have walked into the bank, my own self and
got approved for this loan. I never needed to use her. However, she was a great resource. She
taught me a lot. So if you're having trouble or you feel like this is worth it for you, absolutely
use a brokerage and they can help you secure this funds, it's totally up to you. I just want to tell
you the truth. Whoa, I know I'm sharing some awesome information about personal loans and
you definitely want to get one. Subscribe to this channel. So you do not miss all of this amazing
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getting to 1 million subscribers and I need your help. Please click that button and let's
get back to this video. So what if you have bad credit and you still want a personal loan? Well,
there are options for you as well. Literally, I have tons of students that come to me and they
don't have the greatest amount of credit, or they have bad credit. There's a company called ACCION,
and that's A C C I O N, and they lend to people with bad credit and even startups and give you
funds for your business. They even go up to $100,000 as well. The only catch with ACCION is
you're going to have to use some collateral, you may have to use personal items in your home. Now
this is really weird because they will even value your televisions, maybe if you have a car that
you own, your furniture in your home. There's lots of things that they will do to help qualify you.
And they're really helpful towards people that have bad credit, especially minorities. They are
a community organization that is tied to banks and they're dedicated to lending money to people,
especially entrepreneurs that are using these funds to grow their business. So you don't have
to have perfect credit in order to get a personal loan and you can even go to places like ACCION
and I'll even give you a couple of other resources in the link below. This is an amazing process that
you can go through and get the money that you need and without paying a really high interest
rates to get this money. So I have these four books that you can get absolutely free where
I summarize everything that I am doing now and I give you all of the tips, tricks, tools,
template scripts, and everything that you need right inside of these books. You can get all four
of these books, Real Estate Millionaire Secrets, Business Millionaire Secrets, B&B Millionaire
Secrets and Turo Millionaire Secrets absolutely free. Just go to noellesbookoffer.com and you
just cover the shipping. Again, that's Noelle, N O E L L E with an s. Noellesboffer.com and
get all four of my books absolutely free. You just cover the shipping. I just want to make
sure that you have all of the resources, all of the tools and all of the knowledge that you need
to be successful. This is Noelle, to your success.