At PuppyLending.Com, we are here to help you get the financing that you need. It takes just a few minutes to apply for a pet loan, so why not get started now? How much do you expect to need?
The Loan Application Process
It is incredibly easy to get a loan offer and there is no obligation. To begin, just head up to the top of the page and fill in a bit of information. Here is how the process works.
Step One: Fill Out The Loan Quote Form
It just takes some very basic information, this is not a mortgage.
First, figure how much you expect to need. Remember, you can borrow more money than just what you need to buy your puppy. You can also get enough to cover first year expenses like vaccinations, food and bedding. This is a cash loan, so borrow what you want and use it how you like.
Next, enter in a little information about yourself and how you get your money. Then, enter your banking information. This is needed because that is how your lender will process your loan. They will send it directly to your bank account.
Step Two: Submit Your Loan Form
Once you have completed the form, make sure everything is accurate, agree to the terms of service and then submit it to the online lending group. Keep in mind that we ourselves are not lenders and that is a good thing. Instead we get you access to a larger group of lenders and that may increase your chances of approval.
If approved, one of the lenders will make you a loan offer. You will be sent to their individual website to make a loan decision. Be sure to take the time to read all of the details of the offer. Just because you apply for a pet loan does not mean that you need to accept it.
Step Three: Make Your Loan Decision
Now, it is time to make your decision. If you like the offer, you can accept it and your lender will get you the money that you need just as soon as they can. This can happen as early as the next business day. If, however, you do not like the offer presented, you can just turn it down. Applying for a pet loan does not obligate you to accept anything.
When making your final decision, be sure to think things through completely. Consider whether you can afford the payment, if the total cost is too high and whether or not you have other loan options.
Using Your Pet Loan
If you apply for a pet loan and are approved, you can use the money however you like. Your lender will deposit money directly into your account which makes it a cash loan. You can then use your cash loan for whatever you want.
Use Your Loan To Buy A Puppy
The most common thing people use these loans for is to buy a puppy.
Getting a loan online allows a future pet owner to avoid the pet store and their financing. Pet stores have questionable ethics and the ability to go right to a breeder is a very good thing.
An online loan also allows you to buy the dog that you want. Since you are not tied down to a particular store, you are free to shop any breeder that you like. Buy from an English Bulldog breeder, a Great Dane breeder or whoever you like.
Use Your Loan To Pay For Vet Expenses
This is a cash loan and can be used how you like. Use it to buy a puppy and then pay for first year vet expenses or use it to simply pay for vet care for your existing family pet. Your lender is simply depositing money in your account, so you are not locked down in using it any particular way. Change your mind about buying a dog? Use the money to take a vacation.
Apply For A Loan With Bad Credit
Even if you have bad credit, you may be able to get an offer for the money that you need.
One of the benefits to applying online is that the group of lenders is much larger. This means that although you will receive only one offer, your chances of getting an approval are greater.
If you are concerned about being approved for a loan for bad credit or you have already been denied, here are some things that you can consider doing.
To Be Approved Now
If you want to apply for a pet loan and get an approval, you need to make your lender feel comfortable. It is as simple as that. They want to be comfortable with the fact that you will be able to pay back the loans.
One way to make your lender more comfortable is to borrow less money. If you have been denied for 3000 dollars, for example, you might be able to get approved for 2000 dollars. This might mean having to find another way to get the rest of the money that you need or finding a way to make a lesser purchase.
Another way to make your lender careful is to find more income. Get a part time job to increase the income that you can show or just think real hard about how much you make. Have you added in all sources of income such as an annual bonus or alimony.
To Be Approved Later
If you can not be approved now, you need to work on bad credit so that next time you apply for a pet loan, you can get an approval.
One way to do that is to pay your bills on time. On time bill payment is the biggest factor in your credit score, representing about 33 percent of it. If you have had problems in the past, pay on time going forward. In 6 months time, you should start seeing some improvement.
Another way to improve your score is to pay down debt. This is the second biggest factor with your credit score. You need to pay down that revolving credit card debt and your goal should be to get it under 30 percent. This can be a tough task, but keep at it and it can be done. Stop using those cards and pay more than the minimum each month and you will make some headway.