Having a poor credit situation during your 30s can affect your finances and personal life in many ways. This decade of the age is quite special as well as challenging. You are now more serious about your finances and career. Now, it is time to work on life goals faster than you did in your …
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Everyone sometimes needs to obtain some kind of financial product. You, too, must have applied for some like a loan, credit card, etc. Due to today’s high cost of living these days, loans are one of the most popular options. Before giving the loan, the company has to see whether you are eligible to pay …
Continue reading “What is a Credit Check? Soft vs Hard Checks Explained “
A County Court Judgement is a legal order a creditor issue against a borrower who defaults. He may issue one against the person who shares unreliable payment behaviour. It is a part of the debt collection process. Through this, he requests the court to take action on the creditor’s behalf. The borrower may receive the notice through …
Getting a loan can be challenging, especially if you have a bad credit history. In this condition, you may only get a loan with collateral, high income or a guarantor. A guarantor is the most popular choice for individuals facing credit issues. It reduces the risks for the lender and the borrower alike. Moreover, providing …
Debts are one of the most pressing issues that an individual faces. Some major debt examples are – payday debts, credit card bills, utility bills, etc. The reasons for accumulated debts could be unemployment, low income, economic slowdown or bankruptcy. However, debts affect individuals both physically and mentally. They struggle to juggle with other lifestyle …
Having a low credit score may have a detrimental impact on your finances. It hinders your chances to utilise credit the next time. Individuals struggling with a fair credit history put their dreams on hold. This is because qualifying with insufficient or indecent credit history is challenging. If you get a loan on a fair …
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The feeling of facing a loan rejection is scary when some vital payouts are in the pipeline. It will obviously cause disappointment and nervousness at the same time. This is because that rejected applicant needs to look for other avenues to arrange money. You will be surprised to know that 6 in 10 loan providers …
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A credit score is extremely important because it helps you borrow money at a lower interest rate. Chances of better interest rates are high when your credit score is good. When your credit score is good enough, you should be able to avail yourself of lower interest rates. Most of the small loans are not …
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A lot of misconception prevails regarding a pre-approved loan proposal. This is a relatively fresh concept, given the popularity of direct lenders in recent times. It also contradicts the traditional style of lending. First, pre-qualifying does not cause any damage to your credit status. In contrast, when you directly apply for a loan, it leaves …
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