With unsecured loans, it is possible to get swift cash assistance with minimal hassle. No need to bother your friends and neighbours anymore for a small financial requirement. With no assets to place as collateral or mandate of having a guarantor, it becomes easier to qualify. However, accessibility comes with a cost. Most individuals …
Continue reading “What are some primary risks of unsecured loans?”
Do you know a long-term loan can typically last for 10 years also? Maybe, it is a common fact about these loans and many people know it. The most liked thing about these loans is the long tenure that facilitates smooth repayment. Due to the longer term, the lender will see less risk in lending. …
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As per Nibusinessinfo, “risks refer to the viability of a business. It refers to the ability to turn a profit and cover operating expenses like salaries, rent, office expenses, and production costs.” It is the reason around 60% of startups fail in the first 3 years. Even though many new unicorns buzzing around the country, …
Continue reading “5 Major Bad Credit Startup loans risks and Ways to Manage Them”
Credit scores also indicate if you are carrying a pile of debt. The worse the scores, the more you are buried under the pile of debts. Lenders usually find it unsafe to lend money to someone who has failed to keep up with past payment commitments. It means rejection is your ultimate fate when you …
Continue reading “Are your very poor scores a red flag for the loan provider?”
There are certain conditions to securing car finance in the country. It is one of the most competitive loans that requires one to have a regular job to qualify. A consistent employment history reveals the potential to afford payments, and this makes lenders happy. Alternatively, if you seek car finance as an unemployed, provide sufficient …
Continue reading “How to raise the chances of car finance as an unemployed?”
Credit scores are not valid across borders, meaning you will have to start from scratch when you move out to a foreign country. The approval of your loan application is contingent on your credit score as it helps a lender to check how committed you have been towards your financial obligations. In the absence of …
Continue reading “How can Immigrants in the UK Improve Their Credit Score?”