What do loan companies ask for proof of income?
They need proof that you don’t really need a loan and are just not prepared to wait and save up for it. Don’t forget that you BUY a loan. It will cost you money to have the finance for your motorcycle. You can shop around for a lower interest rate if you aren’t happy with the one offered. P.S. DO NOT take out a loan with ANYONE who is not registered with a regulatory financial body. You do not want to get caught up with loan sharks, you could lose EVERYTHING. Even in the current financial climate, reputable companies are still selling loans, you just have to work a little harder to get them, and provide enough proof that you can pay it back. Or here’s a thought – save up for it and buy it in cash. Saves a shed load in interest and charges. It’s high time people learned to only buy what they can afford, and not depend so much on credit. The old system of creating money from thin air in the form of loans is not sustainable, the sooner it dies a natural death, the better.
