4. Home Phone - These days with higher usage of cell phones, many people tend to strike this heading off and provide their cell phone numbers instead of home phone numbers. The problem, however, is that when a loan officer verify the information provided, they are advised to use the home phone number and not the cell number. If your application does not have a home phone number then the officer is likely to find out when he tries to check on you based on the calling information that you have provided. Many financial institutions use a 'No phone No loan' policy and therefore you need to be careful about that. If you don't have a home phone number and are trying to apply for a big loan with a credit history or score that is not so great, your application has a high probability of being rejected.

    5. Time at resident - This piece of information is necessary because calling loan officers are likely to use it when calling to verify. This is another piece of information that is almost always required in the case of a home mortgage application.

     6. Previous Address - In many applications the current residence is required to be written in the assigned place. And this information is required if you have not lived in your current residence for the last two years. Some banks need to you to provide your residential information for the past five years. Make sure that all the residence addresses are mentioned properly with zip codes and correct street and apartment numbers in each case.

    7. Education - For applicant younger than the age of twenty eight, a good educational background is the key when it comes to applying for a car loan. The information is critical to assess earning and payback potential. Having a four year college degree will help. In some cases you may be entitled to receive a factory cash rebate on a new car. But make sure that all the information that you provide is factual and verifiable.

    8. Employer - While providing this information, you may need to give the employer's address, phone number and the specific person with whom verification can be made. If the company you are working is a large one and you have a human resources department, the name of a resource in this department may be a good idea. But make sure that the person whose name you are putting on your application is aware of your legal name. It might help to tell him in advance that you have put his name in the application and that he may be called in for verification.

If you work in a smaller company that does not have a human resources department, you can put in your supervisor's or immediate superior's name. Make sure that you do not put your friend's name as a supervisor to cover some information that you have included in the application. Do not underestimate the loan officers. They will definitely dig deeper than you think and unearth the truth.

You may be required to disclose your previous job if the current one is a job that you have had for less than two years. As in the residential case, some banks require you to provide information of all the employers you have had in the past five years. In all cases, ensure that you provide correct and verifiable information. Putting down the address, phone number, supervisor name, time and type of job and income for all your previous jobs may seem a bit tedious but remember that your loan application depends on the verified results of the same.

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