Friday, July 19, 2019

5 Ways to Get Personal Loan Even with Bad CIBIL Score



Personal loans are easy to avail when you meet all related eligibility criteria. One of the most important factors when considering creditworthiness is your CIBIL score, which is your credit rating. Generally, poor credit scores disqualify you from availing loans. However, there are certain tricks that makes personal loans for bad credit possible.

If you need a personal loan with bad CIBIL score, you can try these workarounds to get the financial help.


Take the loan jointly


When it comes to personal loans for bad credit, the best alternative is to opt for the loan together with another friend or family member. Ensure that the other member’s CIBIL score is at least 750. In this manner, you can bypass your poor credit rating and receive the loan amount from the lender.

Check for errors on CIBIL rating


In some cases, the CIBIL score may fail to show your actual creditworthiness. This generally happens due to a mistake during the CIBIL score calculation. Ensure such faulty scores do not hamper your chances of availing a personal loan. Double-check all the details you provide on CIBIL, such as the PAN number and credit history information.


Enquire about associations between lender and employer


Salaried employees working for reputed companies or organization can check whether their employer has a tie-up with the NBFC in question. You can exploit this connection to avail a low CIBIL personal loan. Financing companies often prefer lending money to employees of such esteemed companies.


Look for other lenders


The eligible credit score for availing a personal loan varies between different lenders. Some NBFCs may offer such loans on lower credit scores as well. Therefore, you should look at all available options. 




You may find a lender whose eligibility criteria you can match. Personal loan eligibility calculators will help you determine whether you can avail a loan or not.

Reinforce your application with a collateral


In general, personal loans are unsecured financial products. You cannot pledge an asset against the money you borrow. However, some financing companies may allow you to do so if you are looking for personal loans for bad credit. Check whether your lender has such provisions in place.

However, improving your credit score is the best way to ensure a fast and hassle-free personal loan approval.


Methods to improve CIBIL rating



  • While using credit cards, keep in mind that you should spend only as much as you can repay within the billing date for the card. Unpaid credit card bills hamper your credit rating.
  • If you are already repaying a loan, ensure you make EMI payments on time every month. Late payments or defaults will adversely affect your CIBIL score.
  • In some cases, the credit score on your CIBIL account does not reflect your credit rating but that of someone else’s. This may happen due to an error on your part while entering your details or due to other reasons. Rectify these mistakes as soon as you notice them to improve your credit rating.
  • Rather than looking for a personal loan for bad credit, you can try to improve your CIBIL score by increasing the credit limit on your credit card. High credit limit results in a better first impression about you on lenders.

NBFCs provides pre-approved offers, which makes the loan availing process simpler and faster. These offers are available across both secured loans, such as home loans, and unsecured loans, namely, business loans and personal loans.

So, do not stop looking for a personal loan for bad credit. You will either find a way to avail such a loan with poor CIBIL score or improve your credit rating in the process.



Thursday, July 18, 2019

4 Tools to Help You Choose between Great Job Offers



Receiving multiple great job offers right around the same time is certainly an enthralling experience. However, this boost of confidence might be met with some stress when you realize that you now need to pick between them. Pursuing some useful avenues and tools can help to make this decision smoother.

Pros and Cons List


Making a list of pros and cons is an effective way to generate productive decisions. You might think that you’re running through all of the positives and negatives in your mind, but seeing them written out on a sheet of paper can really help you to recognize the decision that is best. 

For example, when you write out each pro and con, you may see that one job is abundant in benefits while the other is swimming in reasons that make it suitable for rejection.

Advisor


You should also talk through your ideas and dilemmas with a person whom you consider as an advisor. Think about to whom you turn for guidance when you typically need to reach resolutions. 





You might generally seek out support from your parents or grandparents, or you may have an old teacher or a spiritual advisor who has provided you with tremendously useful perspective on challenging situations.

Financial Tools


When you’re working, you should feel happy and fulfilled in the chosen position. However, you also must ensure that you are making enough money to support yourself and your future dreams and goals. Therefore, using financial tools can help you to decide which job is better for your bank account. 

You should review elements of the offer that involve finances, such as the salary, benefits and so forth. Also, you should set up an appointment with an accountant or a financial advisor to gain a sense of your specific situation.

Online Reviews


You should also look at online reviews of the companies, and you can check out two different perspectives. In other words, you can look at reviews that come from current and former employees and ones that are written by customers. The latter set will help you to get a sense of what working at the company might be like, and the former et will introduce you to some of the scenarios and issues you might have to work with.

When you receive great job offers, you’re likely quite excited. However, you don’t want to wait too long to accept one, or the offer might disappear. Therefore, put these tools and techniques to work to decide in an efficient fashion.


Wednesday, July 17, 2019

4 Small Home Fixes That Become Big Expenses If Left Untreated



Are you taking proper care of your home to avoid needing expensive repairs? Owning a home is a big financial responsibility, but you must also make sure that the materials and equipment of the building are in the best condition.

Small Holes in the Siding or Roof


If your home’s roof or siding has tiny holes, then mice, wasps or other pests can squeeze through the openings to infest the building. 


After vermin enters the roof or the siding of a building, the pests can cause damage from body waste, consuming drywall or building nests for young. 

Filling the small holes is simple with liquid caulking, and you can do this on your own or you can hire a handyman to perform the chore. Make sure to inspect your home’s exterior at least twice a year to find the holes that you can cover or fill.

Replacing a Home’s Air Conditioner


It is essential to have an air conditioner in your home, but if you forget to care for this equipment, then you could have a big expense later. Changing the filter in air conditioners is an easy process, but it is amazing how many homeowners fail to complete this chore each month. 


This leads to an air conditioner that is covered with household dust, causing the equipment to overheat. Make sure to buy a filter that is the proper size, and you can use a high-efficiency particulate air filter to remove the tiniest particles of dust and pollen.

Are the Windows of Your Home in Perfect Condition?


If you are ignoring the tiny chips or cracks that can occur to a home’s windows, then you can require an expensive repair later. Cracks and chips occur on windowpanes for a variety of reasons, including having birds fly into the windows or when your children throw a ball against the window. 




When you delay making a repair to the window, the glass can break at an inopportune time from the strong winds that can occur during a rainstorm. This will lead to an additional expensive repair to your home from the damaging rainwater.

Ignoring Plumbing Leaks in Kitchens or Bathrooms


Make sure to inspect the plumbing fixtures in your home, including the toilets, sinks or bathtubs. You should also check the pipes that are near a laundry room or in other areas such as the basement. 


Don’t forget to check your home’s water heater for leaks that can occur from this appliance’s tank or intake pipes. If you find any moisture from the pipes or connectors, then fix the item on your own or contact a professional plumber right away.

Have a Home Maintenance Schedule


One of the best ways to make sure that you home is in perfect condition is to have a maintenance schedule so that you won’t forget to perform inspections of the various things that can degrade.


Tuesday, July 16, 2019

How to Plan Financially for When You’re Gone



No one likes to think about dying, but you need to plan ahead if you want to protect your family and loved ones. With the proper plan in place, you can rest assured that your family won’t have to deal with overwhelming end-of-life expenses or a complicated legal battle after you pass away.

Organize and List Your Assets


The first step in this process is taking stock of all the assets that you own. In addition to homes and cars, you should also list all of your financial accounts, investments, heirlooms, jewelry, and memorabilia. Once you have that list, it is going to be much easier to plan out your estate or write a will.


Establish a Will or Trust


Even though wills and trusts are somewhat similar, there are a few important differences that you should be aware of. A will is a legal document that describes where you would like all of your assets to go once you pass away. 




Trusts specify where you would like your assets to go as well, but they are overseen by a designated individual known as a trustee. Once you pass away, the trustee can immediately begin the process of transferring all of your belongings.

Consider Setting Up a Living Will


If you are worried about your health, then you should think about setting up a living will. Those documents inform doctors of your wishes if you are incapacitated or can’t make reasonable decisions regarding your health. 


Some living wills also designate a healthcare proxy who can make decisions for you. Keeping an incapacitated individual alive can be very expensive, and many people don’t want to leave those bills to their family members.

Rethink Your Insurance


The final step in this process is taking a fresh look at your insurance to see if any of your policies need to be altered or updated. Life insurance is a great start, but you might want to consider some other policies as well. Options such as end-of-life and burial insurance will help your family cover specific expenses that can sometimes be overwhelming.

In addition to these few tips, you also need to speak with your loved ones about your wishes so that everyone is on the same page. Transferring assets and paying off debts after an individual passes away can be very complicated, and you don’t want to leave a huge legal mess for your family members and friends.


Monday, July 15, 2019

How to Manage Your Savings to Grow Instead of Fall With Inflation



Saving money is always a wise idea. Unfortunately, simply putting your money away and leaving it alone won't actually save you anything - in fact, due to inflation, you'll lose money when it's in a savings account. If you're really looking to grow your savings, you should try one of the tactics below.

Look at Your Savings Interest Rate


The current interest rate in the United States is hovering around two percent. As such, the worst financial mistake you can make is to put your money in a savings account with a lower interest rate than two percent. 


Keeping some money back is advisable, though, so you'll need to make a compromise. Look for savings accounts with the highest possible interest rates - you won't find anything that matches inflation, but the closer you can get, the less you will lose.

Look at Real Estate


Investing in real estate is a common way to generate passive income. At the moment, growth is slowing a bit - but housing prices are still rising. The current growth rate of the real estate market is estimated to be around two and a half percent, or almost a full percentage point about the next year's estimated inflation rate. As such, investing in property seems to be a safe way to keep your money growing slowly but steadily.


Low Risk Investments


Putting money into your investment portfolio is also a useful way to save. If your goal is to simply keep your money safe, then you'll want to look solely at safe investments that have historically trended with more than two-percent growth. 




Though you're certainly not going to become a millionaire overnight with these investments, you'll slowly grow your savings and avoid losing money due to rising inflation.

Work with an Asset Management Company


Finally, you'll want to make sure you're working with professionals if you are dealing with complex assets. A good asset management company will help you to make sure that your assets appreciate in value and that you don't lose money due to rising prices. 


Asset management companies are useful when you're dealing with anything that has a complex market history or that requires a significant amount of hands-on interaction in order to grow in value.

Remember, your goal is to make sure that all of your investments beat inflation. Keep an eye on inflation rates and adjust accordingly. If you can stay ahead of the curve, you can rely on the money you've saved.


Saturday, July 13, 2019

Building a Business: 4 Unique Sources of Startup Capital



There’s no denying that lack of capital can make starting any kind of business tough. It can often even make it impossible. It’s hard for many to admit that finances are 100 percent essential for getting any kind of business started these days. If you’re looking to finance your startup, then it may be time for you to explore these rather interesting options.

Crowdfunding Campaigns


No one in the world knew what “crowdfunding” was merely a few short years ago. The situation has changed drastically in recent times, however. For instance, a best practices crowdfunding campaign is an option among motivated startup entrepreneurs these days. If you want to harness the strength of the Internet, crowds, and numbers in general, then you should orchestrate a crowdfunding campaign as soon as possible.


Angel Investors


If you need startup capital, then you may want to delve into the universe of “angel investors.” Financial assistance from angel investors can do a lot for entrepreneurs who are strapped for cash. 



It can also be helpful to entrepreneurs who may benefit from outside guidance that pertains to rather tough choices. It’s crucial for entrepreneurs to summarize their startup approaches vividly and in manners that make full sense.

Relatives


It doesn’t matter if you have a great aunt who lives three states away. It doesn’t matter if you have a grandfather who used to be a culinary powerhouse. It may work out in your favor to ask family members if they can give you capital for your startup mission. 

Loans from relatives can do a lot for entrepreneurs who do not want to have to panic over the thought of sky-high interest rates. If you get a loan from a relative, he or she may not request any interest at all.

Property Rentals


People who are trying to fund startups often have to use their imaginations as far as financing goes. If you want to gather the wherewithal you need, you should think about renting out your residential property to tenants. This can be a terrific avenue for people who want to get cash relatively swiftly. You may want to temporarily reside with a parent, a sibling, or a close buddy.

Startup capital no longer has to be a mystery to you or to any other bright-eyed company leader. If you’re in need of funds for your business, there are an abundance of ideas out there that may aid you. Don’t turn away from them.



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