Here is another passport to success in taking advantage ofa good deal or profitable transaction when it passes yourway. "Signature loans are your key to the vault", andbecause they are based on your signature alone, theyare also known as "Character Loans". No co-signer orcollateral is involved in a real signature loan.

With pen in hand, based on your prior credit history andalso your own experience with the bank, your signature candraw from $1,000.00 to $250,000.00. It all depends onyour ability to pay the money back.

Once you get your first signature loan with a bank, walkin on the day it is due and pay it off with two cashierschecks or with two different stacks of money. The firstcheck or money stack will be to cover the principal ofthe loan. Be sure to tell him how well you did foryourself as you hand over your payment. Tell him not tomake any plans for the money as you may need to rent itagain soon. As you pay back the interest portion of theloan, remind the loan officer that your good performanceand his smart decision to give you a loan in the firstplace was a profitable experience for the bank as well.Remind him that its the rent paid on these loans thatkeeps the bank in business.

Now, lets suppose that your original loan was for$3,000.00. As you get up to leave the bank, turn to himand say, "Oh, by the way, I may want to rent $5,000.00 ina couple of weeks. Will you hold on to $5,000.00 for me?"What you are doing is pre-qualifying for a $5,000.00 loan.You are saying, "Hey, Mr. Loan Officer, are you going toraise my next signature loan to $5,000.00 or is $3,000.00the limit?" What can he say? You have just paid off the$3,000.00 loan, and the rent for the loan, and you havejust reinforced the point that the rent, or interest, onthe loan is what keeps the bank in business and pays hissalary. If he answers with something like "Well see.",sit back down at his desk and say, "You mean youre notsure? What seems to be the problem?"

It is very important at this point that you get some kindof answer from him in advance. It is very unlikely that a"Yes" will come forth, but a "sure" or "I suppose" willdo. Do not leave the bank until he commits to the nextloan. With each new loan, raise the dollar amount by$2,000.00 increments, until you have reached $10,000.00.

At that point, you will be able to raise the amounts offuture loans in $5,000.00 and $10,000.00 increments.When shopping for aggressive banks, ask the loan officeryou are dealing with if they are a "commissioned" loanofficer. They are the most aggressive as they are paid acommission on all the loans they write. These people willbe more eager to make you a loan.

About the Author

Karin Boode is the founder of the Loan Info Center, who strives to provide valuable information regarding any type of loan via the http://www.loan-infocenter.com website.