Jun 03, 2021 / Credit
Before you go to your financial institution to ask them for a loan, take a moment to ask yourself what you want out of your financial institution. After all, if you’re going to be one-half of a legitimate lending partnership, you should have a say in your financial future. Besides, there’s a lot your bank or credit union can do to make your loan application, approval, and repayment process a good (or bad) experience.
This might seem like a trivial question, at first. You just want your bank or credit union to approve your loan, so you can get your money and get on with your life, right? It’s not always that simple. By entering into a lending relationship, you’re tied to your lender long-term. If you don’t feel like you fit in with the traditional big banking crowd, for example, why do business with them in the first place? Take some time to find a financial institution that you can feel good about—maybe one that’s local and committed to your community.
When you go in for a loan, will your financial institution judge you based on the amount of money in your account, or even your past credit problems or previously denied loans? If you feel even slightly uncomfortable asking, the answer may be yes. Take some time to find a lender that’s willing to work with you. You deserve a lender that can give you and your loan personalized attention and service, and work hard to find and approve a loan for you, regardless of past credit problems. In other words, skip the guilt trip and travel straight to a lender you can trust to look after your best interests.
The best banking relationships are ones that allow you to be you, no matter who you are. Sure, you have to be responsible in repaying your loans, but you should never have to conform to fit some pre-determined perception of a financial institution.
If you haven’t already guessed, we want you to be part of the Utah First family. We’re not interested in judging whether you’re right or wrong for us. Rather, we want to find a loan that’s just right for you. Stop by one of our branches or start by browsing our website to explore your options. Either way, welcome to the fold—we hope you feel at home at Utah First.