If you are applying for a personal line of credit, make sure to avoiding saying any of these things to the banker interviewing you. They seem fairly harmless, but could result in a rejection!
1. "I Have a Job, But I Hate It."
What gives? At least you have a job. So what's so wrong about admitting you're not crazy about it?
"Your loan officer is looking for stability, says Dr. Mary Ann Campbell, a spokesperson for IndexCreditCards.com, a credit card comparison site. And if you're hinting around that maybe you plan on leaving that job sometime soon -- maybe even before you get another job to replace your lost income -- well, you're not exactly giving the lender a vote of confidence in your ability to pay back the loan.
About the only worse thing you could say -- but we're sure you wouldn't say this -- is, "I don't have a job, but I hope to have one soon," says Gail Cunningham, a spokesperson for the National Foundation for Credit Counseling.
"A lender likes stability," says Cunningham, echoing Campbell's reasoning, "and not having a steady source of income doesn't make them feel secure about loaning you money."
2. "You're the Fourth Bank I've Come To."
"Going from bank to bank and being turned down for a loan doesn't exactly give a lender any confidence in you," says Cunningham, adding that while it's true "the lender is going to see the previous inquiries on your credit report, there's no use underscoring the situation by seeming desperate. If everyone's turning you down, there's probably a good reason."