Bank loans are among the most difficult to obtain loans. Banks are picky about lending money. This is because loans are not the only line of business. They are, however, where they earn more money. They can also be a major source of loss and why are so picky when it comes to credit approval. Banks have very strict criteria for approving loans. Most banks will require a good credit. They want someone who has several good reports on your credit record and no bad reports. They also want a person who has a stable source of income and insurance. In general, they want less risk when lending to a person. Read the rest of this entry »