Letters of call are an inescapable link in financial operations. Financial institutions such as banks, credit unions and consumer finance companies carry out rigorous letters-of-credit checks prior to loans, which are granted only to the clients who have done so. However, it is very difficult for some people who have poor credibility to obtain loans. This paper is about, "Leaves bad credit for $50,000?" This issue is analysed from several angles。

The letter is bad

From a bank ' s perspective, the lending policies of many banks require borrowers to have better credit records and letters of credit, which, if not well recorded, can easily be rejected by banks. Moreover, even if the bank agreed to the loan, more guarantees and bonds, higher interest rates and strict repayment terms were often required。

From the borrower's point of view, poor creditworthiness means that it is difficult to obtain loans through audit. So how can I improve the record of correspondence? The first is to identify the credit problems on the basis of letters-of-mail reports and then to resolve them one by one. For example, if the credit card or loan is owed and leads to poor credit records, then the loan can be repaid in a timely manner and accumulated over time; if the bank is pressed to take a poor record, the bank can be negotiated as much as possible and a good communication record can be maintained as a way to enhance its credit record。

In addition, 50,000 loans may be obtained by applying for loans from a guarantee company or a loan intermediary. Of course, the formalities and additional costs of such an approach would be greater。

Finally, it should be noted that even if borrowers were to obtain $50,000 in loans, they would have to secure reasonable repayments and avoid over-borrowing, otherwise further harm would be done to credit records and future loan applications would be more difficult。