Question

Which of the following should be considered last when searching for financing?

Answer 1

Answer:

The last to be considered when searching for financing can either be Banks or Commercial Finance Companies

Explanation:

This is a very general question however I’ll try to answer it to the best of my knowledge.

The first to be considered when searching for financing are your family members as they will provide you interest free loan without any collateral or documentation formalities. However if you are unable to repay then in this situation you may be on bad family terms.  

The second to be considered when searching for financing are Credit cards if the financing is not a huge amount because credit cards are interest based unsecured loans without any collateral being offered with fewer documentation formalities. However in case of Default, the Bank will report your credit history to the Credit Information Bureau and in that case you won’t be eligible for further financing from the same or another Bank.

The last to be considered when searching for financing can either be Banks or Commercial Finance Companies as they will provide you interest based loan and that too when any collateral is being offered with excessive documentation formalities. However in case of Default, the Banks will report the credit history to the Credit Information Bureau and in that case you won’t be eligible for further financing from the same or another Bank.

I hope this answers the Question!

Answer 2

Credit cards Because if your not carful you may end up owing a lot of money