Understanding the Peoples Credit Loan Approval Process

Getting Started

The most important part to your approval is a complete credit application. An incomplete application without all the questions answered may slow down the process or even result in your loan being turned down.

We will examine the following items, at minimum:

• The completeness of your application
• Your residence and job history
• Your credit history
• Your income and your assets
• Your monthly payment obligations
• Your collateral – collateral secured loan means automobile, motorcycle, boat and trailer and it must be free of any liens.

Our primary lending area extends to about 15 miles west of I-39 and heading east to I-294, our northern boundary is typically I-90 and then south to about 15 miles south of I-80.

Our experienced Loan Processors listen to you and look at your current financial situation, residence, job history and collateral. They process your loan application as quickly as possible.

Prior To Closing

Once your loan is approved, we may need the following items to close your loan:

• Proper identification
• Proof of income
• Proof of residence
• Title for collateral being offered
• Full coverage Hazard Insurance with a deductible of $500 or less
• Other items that may be required by loan processor