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 …
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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?”
Let’s be honest. If you are a student, a lot goes on beyond that backpack. From technology influences to difficult assignments, student life is not always as enjoyable as it is considered. However, one of the major issues with student life is money. Nowadays, students themselves have to think about funding their courses, and although …
Continue reading “Reasons that Can Make You Go Through a Student Debt”
Most early-stage entrepreneurs fall out of a permanent job due to multiple reasons. Some leave jobs to concentrate on and groom the business idea, while others suffer due to layoffs. Unemployment is a harsh phase on the financial and mental front. Apart from working on the business idea, the person ensures basic living requirements. Moving …
Continue reading “Top 6 challenges to securing a start-up loan as an unemployed”