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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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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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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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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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How Do You Qualify for Low Doc Loans?

  According to official stats, 17.07 percent of the population in Australia are self-employed. However, being self-employed could make it difficult for you to obtain a loan. That’s because your income isn’t derived from traditional means. That’s why low doc loans are specifically designated for self-employed individuals. In fact, this is the only way in which you may borrow without the need to provide financial statements and recent tax returns. Nevertheless, considering that lenders have distinct specifications and interest rates, you could find it difficult to choose the right loan. That’s why today, we will talk about how to qualify […]

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Frequently Asked Questions For Debt Consolidation Loans

  No one is a stranger to debt, and this is something every Aussie on square metre can confirm. This is especially true when it comes to debt consolidation loans since more and more people are applying for them. However, when you apply for something, you ask many questions. Here are some of the questions that lenders and advisers keep getting from those who want to take such a loan.   What is a Debt Consolidation Loan? Debt consolidation is pretty much like every other loan – only that you use it to pay the debts that you already have. […]

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Top 5 Reasons You Should Stay Away from No Credit Check Loans

  When you’re struggling with debt, your borrowing options are brought to a minimum. Considering that many Australians are in this situation, many might be attracted to no credit check loans. Your application can be approved in a matter of minutes, and the money can be transferred to you in less than 24 hours. It might appear that there isn’t any easier way to get hold of money when you’re in need of cash. Still, borrowers should be aware of the risks implied to getting no credit check loans. Here are the main reasons that should incite you to rethink […]

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Top Mortgage Refinance Mistakes to Avoid

  Mortgage refinance is a serious financial strategy that should be carefully thought about. Learn about the common mistake that borrowers make when refinancing their mortgage and learn to avoid them.   Not planning head of time.   Mortgage refinance is a strategy, and must not be taken lightly. Why do you want to refinance your home? It is important to list all your reasons before you take the plunge. If you want to lower your payment, then think about ways on how you can lower it. Maybe you can call your mortgage company and negotiate a deal. Or, you […]

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