Missouri
Division of Finance
301 W. High Street Jefferson City, MO 65101
Telephone: 314-751-3242
Helpful
Missouri Debt Consolidation Loan Information
Missouri
residents wishing to consolidate their debts with a Missouri
debt consolidation loan should carefully select a reputable
loan company to advise them and help them complete the papers
necessary to secure them a loan.
In
making a wise financial decision it is important to gather
as much information as possible on all the debts you currently
have to consolidate. Once you have collected this information
you will be more prepared to answer any questions that a
representative from a company helping you may have. Having
the statements from your creditors is beneficial as it will
have all the important payoff information as well as account
numbers, contact numbers and such.
Most
Missouri debt consolidation lenders will ask for the same
documentation to facilitate your loan request and approve
your loan. You will need to complete a 1003 loan application
provided by the lender along with a few other mandatory
disclosure documents (like in Truth in Lending Disclosure
and an authorization to release information to obtain your
credit report), some documents you will need to have available
for review are your current paycheck stub, your W-2 forms
for the last 2 years from your employer if your self employed
you will have to supply your complete tax returns for the
last 2 years including a profit and loss statement. Some
lenders offer no documentation or easy qualifier programs
in which they do not require the above documents but most
all lender will require a current appraisal of your home
though some do not.
We
suggest that not only you contact prospective debt Missouri
consolidation loan companies online but it is also good
to contact them via telephone that way you can better judge
the professionalism of each company.
Once
you have started the process with a company you can always
call another one for a second opinion or even a third opinion
for that matter. And you can always call your State's Better
Business Bureau to see if a prospective company has had
any complaints against it. Checking first can help you make
an intelligent decision. The Better Business Bureau's nationwide
directory online is located at BBB.org
In
conclusion preparing your documents first, shopping around,
asking questions and investigating companies upfront will
help you make a wise Missouri debt consolidation loan decision.
