4 Things to Know Before Your First Loan Application

To prepare to apply for your first loan, check your credit and compare income with your monthly debt payments.
Ronita Choudhuri-Wade
Jackie Veling
By Jackie Veling and  Ronita Choudhuri-Wade 
Edited by Kim Lowe

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If you're considering a personal loan for the first time, it’s important to be ready with the information, application materials and plan for tackling your first application.

Some information you may know off the top of your head, like your income. But there are others you'll want to look into before applying for your loan, such as your credit score.

Let’s dive into what you need to know before you apply and why.