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The Dangers of Putting Off Loan Repayments

Dangers of Putting Off Loan Repayments

Have you been putting off repayments for your loans? Oftentimes, people get into debt troubles because they postpone making payments until the night before they are declared in default. Had they paid the loan sooner, they might enjoy 0% interests, or avoid penalties and extra charges. Plus their credit scores would have rated well. If you’re a borrower who identifies yourself as a procrastinator—in terms of making repayments, here are things you need to know: Missing payment doesn’t always mean that you have no money to repay your loan. Sometimes, it’s just that you procrastinate to make necessary actions, such […]

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Do You Have A Blueprint for your Personal Loans?

Read on and discover the laws of using personal loans to help self-employed individuals and company owners achieve financial stability. It is so easy to empty our pockets, and not all purchases that often get us into debt are even worth it. In fact, many people obtain personal loans with business, investments and straight out of business schools stellar money management strategies—only to lose the loan proceeds to nothing. Does it mean that those things are not necessary? No. It simply means that while powerful tools such as knowledge, skills and opportunities are imperative, it is the art of using […]

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Driving Value Through Strategic Budgeting of Small Business Loan Proceeds

Learn how modern entrepreneurs use the proceeds of small business loan to meet the ends of modern businesses. Understand the difference between traditional budgeting and forecasting and how each type of budgeting technique can help your organization. In traditional sense, budgeting means cost-cutting. But, as modern businesses adapt to risky and complicated challenges; budgeting evolved from meeting the company’s needs to meeting the demands to create sustainable value for the company. So, instead of asking, “Can I downsize the expenses?” the budget now anchors on the question, “Will it increase the value of the company?” Traditional Budgeting vs Forecasting Traditional […]

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4 Points to Remember When Obtaining Loans for People with Bad Credit  

Loans for people with bad credit are alternative financing options to get the money you need to open, run or nurture your business.  But, before borrowing money, it is important to consider the following points to ensure success. Always start with a Business Plan If you don’t have time to develop a business plan, it will be hard for you to have the time to determine whether or not your business can afford an alternative loan. A business plan helps entrepreneurs in the following ways: It serves as a guide during your innovation process. If you have a clear description […]

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What Happens When You Miss Your Monthly Payments

    Monthly loan payments are mandatory when you take a loan. The more loans and taxes you have, the more you will have to pay each month. However, what happens when you miss your monthly payments? The chances are that things will get ugly fast. With this article, we aim to inform you of what you might come across when you stop paying your loans. Be careful though, because once you are on that track, you will have a hard time getting back.   Your Creditor Will Contact You When you miss your monthly loan payments, you may be […]

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Our Guide to Unsecured Personal Loans  

  Personal loans come in mainly two modes, secured or unsecured. The secured ones use your asset – it can be a house or a car – as a guarantee that you pay. In that case, the loan is much riskier to you if you default on it, but it is less risky for the lender. But, what about unsecured personal loans? Are those loans that simple? They are not, and that is why we decided to write this guide, so next time you will know better what to do with an unsecured loan.   What Are Unsecured Personal Loans? […]

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The Difference Between Fixed Rate and Variable Home Loans

  Specialised lenders came up with innovative schemes to provide suitable options for home loans borrowers. But, despite the fact that there are various types of home financing, they are generally classified into two types:  Fixed rate and variable rate loans. What’s the difference between these two options? How do you choose which option will work for you? Fixed Rate Home Loans What will happen if I fix my loan? If you do, you can enjoy the following benefits: Enjoy the flexibility of locking in your home loan’s fixed rate You are assured that even when interest rates rise, you […]

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Top Reasons Why An Underwriter Rejects Your Personal Loans

  You’ve applied for numerous personal loans but for some reasons, all of them have been rejected. Few things can be more painful than being rejected on a regular basis. You start to think that underwriters have a personal problem with you. Nope – they do not. In fact, you’re the problem here, but you’re not aware of that. Here are a couple of reasons why underwriters reject all the applications you make for personal loans. Your applications are rejected because:   There are Errors in your Credit File This is the main reason why you can’t seem to get […]

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Everything You Need to Know About Refinancing Low Doc Loans

  In an ideal world, we would have all the paperwork required. We would have collateral, we would have papers to prove that our credit is in peak condition, and we would also have proof of steady income every month. However, this is not possible all the time. We may be renting instead of owning, we may have skipped on a few bills, or we may be self-employed. Regardless of how well-off we may be, these factors can cause our application for a loan to be rejected. This is why low doc loans are such a convenient option. A low […]

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The 5 Basic Steps to Getting Business Loans

  Business loans come in various shapes and sizes and serve different purposes. While many business owners harness the benefits of personal loans, i.e. they borrow money in their own name, business loans are a much better idea for many reasons. Since you’re reading this, you’re probably already familiar with the perks of a business loan, but unable to figure out how to get one. Yes, it can be a little bit nerve-wracking, but it’s certainly doable. Follow this step-by-step guide and you’ll be on the safe side.   Step-By-Step Guide to Getting Business Loans Create A Business Plan When […]

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