I’ve been thinking a lot about personal loans these past few days, particularly those that apply to WAHMs like me. Normally, when one applies for a loan, the creditor asks first and foremost for proof of income (more often a pay slip). For a WAHM like me who gets most of her income through PayPal and no certified proof of income to show for, I wonder how do I apply for a loan? Do I show them my bank statement? Because that’s the only proof I have that I am, in fact, earning. I haven’t officially approached anyone or any establishment for a loan, so I don’t know the answer up to now.
But why the sudden talk about loans? Some of you may know that come June, I will have to take a two-week break in order to go to Manila and meet with my beloved marces (who will be coming from Japan and Singapore). Which means two weeks of irregular work (as irregular as work can get for a WAHM like moi, that is) because I only have a desktop and no laptop that I can bring around wherever I go. I obviously can’t afford to buy a laptop in cash, and my mom suggested trying out for a personal loan. I thought, why not? Not having tried loaning ever doesn’t mean I can’t, right?
So right now I’m still pondering over whether I’ll go ahead and secure a loan for a laptop. If it’s even worth it or not. I use programs that require a lot of resources that low-end netbooks and laptops cannot handle, and that reason alone makes me think twice about my decision. On the other hand, having a portable workstation will be a very welcome addition to our meager arsenal of possessions. I wonder if small business loans are harder to secure than personal loans. I mean if ever I would be able to successfully apply for a personal one, I know that a small business loan will soon follow for the sisig business that we’ve been thinking about for a while now.