Choose a lender the smart way

Your coaches explain the importance of using a responsible lender and then give you tips on how to identify one.


Instructional Text

Always be careful when selecting a lender. A responsible lender can help you gain financial flexibility and achieve your goals. Unfortunately, there are a few lenders you should watch out for. Image Description
How do you find a responsible lender? Look for an established company with a good reputation. Ask a money-savvy friend, family member, or work associate for a referral. Or, ask your local banker or employer. Image Description
Only work with lenders who answer all your questions, who put everything in writing, and who give you time to shop and compare costs and rates before you sign a loan agreement. These are all good signs of a responsible lender. Image Description
You’ll have to live up to the terms of the loan agreement you sign, so it’s critical that you understand exactly what you’re signing. Image Description
For more information about loans, see the topic Using Credit to Your Advantage. Click the Next button to learn the warning signs of predatory lenders.
Before you go house shopping Make a game plan Evaluate how much you can pay Choose a lender the smart way Potential warning signs to watch for Get preapproved