WHAT IF THE LENDER SAYS "No"?

It can happen. You apply for a loan and it's denied.

Rather than be upset, find out why you were turned down. Perhaps your income is inadequate, you have too many other bills — or you have a poor credit record. Whatever it is, listen to what the lender says and then work with him or her to improve your finances.

You may need to clean up your credit record, save more money or pay off existing debts. Maybe you need to rethink your priorities. Do you really need a different car? Or, that new stereo equipment? We can work with you to sort through these questions.

Are loan payments a problem? Again, talk to us. For more affordable payments, you can pay less each month for a longer period of time. We also can give suggestions on how to get out — and stay out — of debt.

Just do not ignore your obligations. By doing nothing, you demonstrate you are not serious about paying your bills. You also jeopardize your credit record. This may hurt your chances of getting loans and other financial services in the future. Always co-operate with lenders. Then the next time you ask for a loan, you will get it!