Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question can I apply for two personal loans at the same time and then choose the one that best suits me? Ihave already applied for a personal loan but I have found what I think may be a better provider, can I have two applications outstanding at the same time? By errand boy Posted on 03/11/07 Total Answers 6 Answers- Yes, and ultimately one will likely know about the other and assume that you are asking for 2 loans rather than comparing the costs of obtaining 1. So you may wind up with neither. Answer by : Miss V On Date 2007-03-11 07:35:32 yes but if your credit rating is low the second may fail as it will be showing up on your credit reference as an attempt to get a loan and it will look desperate for the second loan check. The first should still go through OK but if you think you could have trouble wait until the loan goes through and within two weeks apply for the new loan as a debt consolidation, explaining the first loan is outstanding that you want to pay off and then you can cancel the first loan for free. Answer by : agius1520 On Date 2007-03-11 07:36:16 I see no reason why not .... after all, you are simply buying a product, albeit a money product, and until you sign the credit agreement, you are not tied to either. In fact, you are simply shopping around and the only person to look after you in this case is YOU! Go for the best deal that suits you ... remember, lenders make money out of borrowers .... follow your judgement. Answer by : MICHAEL P On Date 2007-03-11 07:37:17 sure u can its possible Answer by : picasso On Date 2007-03-11 07:39:41 Applying does not mean you are obligated to accept , the fact that you have looked for a better deal should give the second creditor reason to believe you are in control of your finances . PS , all applications are recorded on your credit report and too many will reflect badly on you so shop around BEFORE applying . Answer by : Helen On Date 2007-03-11 07:49:33 Yes, you can. There are 2 types of personal loans – secured personal loans and unsecured personal loans. Secured personal loans require you to pledge any of your assets like you house to the lender as collateral. Many people choose this type of loan due to many benefits like lower interest rates, long repayment time and easy terms and conditions. But your asset is under threat if you cannot make timely payments. Your asset can be taken over by the lender and thus you lose the possession of it. Answer by : june e On Date 2007-03-11 08:25:24   Go Back To Search Results