loans | wealthymatters

How To Use A Short-Term Personal Loan To Improve Your Credit Score ?

October 8, 2018 Leave a comment

personal loan to build credit score A credit score is a 3-digit number generated by credit information agencies such as CIBIL, CRIF ,Experian,Equifax etc ,based on which banks and NBFCs (Non Banking Financial Corporations, such as loan and insurance companies, co-operative banks, stock broking firms, etc.) evaluate a person’s creditworthiness ie their capacity and willingness to repay loans extended to them on time. Based on this assessment companies accept or reject loan applications.

The different credit score ranges and their grades are as follows –

credit score ranges Read more of this post

Filed under Paper Assets, Tool Kit Tagged with CIBIL, CIBIL Score, credit bureau, credit information agency, credit score, credit score ranges, creditworthiness, creditworthy, CRIF, EMIs, Equifax, Experian, how to build credit history, how to get your loan application accepted ?, how to get your loan sanctioned ?, how to improve your CIBIL credit score, How to improve your credit score, how to repair credit history, improve your credit score, loans, personal loan, postaday, short term personal loan

How To Use An Auto Title Loan To Improve Your Credit

September 25, 2014 Leave a comment

wealthymatters

You might be in a situation where you need cash and you need it quick. However it is difficult to get the loan that you need because you have bad credit. This is where an auto title loan can help in a couple of different ways. Read on to find out just how an auto title loan can help you and get you the money that you need quickly.

Get The Money You Need Quick

If you own your car and hold the title in your hands you could be holding the key to the money that you need. This is especially good when you have bad credit and an emergency happens where you need money. This could be for things such as car repairs, medical bills, a home improvement that cannot wait or a grubstake to get started in business. Most of the time you will receive your money the same day and a credit check will not be necessary.

Auto Title Loans To Improve Your Credit Read more of this post

Filed under Alternative Assets, Paper Assets, Tool Kit Tagged with auto title loan, bad credit history, borrowing against your car, borrowing against your vehicle, credit score, emergency loans, improving your credit score, loans, poor credit score, poor credit score loans, postaday, quick loans, secured credit

Loans Against Insurance Policies

September 16, 2014 4 Comments

wealthymatters The news that Life Insurance Corporation (LIC) of India has recently surpassed banks as the largest personal loan lender in India has turned the focus on insurance policies as collateral. Apart from LIC, other life insurers like ICICI Prudential Life and Edelweiss Tokio Life, and several banks, including the State Bank of India (SBI), ICICI Bank and HDFC Bank, offer loans against life insurance policies.

Loans are granted only against traditional policies that have life cover along with a savings element in them. Term insurance covers and unit-linked insurance plans cannot be pledged to secure loans against them.Policies must acquire surrender value -the amount you would get if you terminate the policy after a certain years -to qualify for loans. You must assign the policy in favour of the insurer to get a loan. Typically, insurance companies offer loans up to 85-90% of the surrender value. LIC charges an interest rate of 10%, to be paid every six months. Read more of this post

Filed under Entrepreneurship, Paper Assets, Tool Kit Tagged with collateral, LIC loan, life insurance policy, loan against LIC policy, loan against life insurance policy, loan from LIC, loans, no credit history, no credit verification, postaday, secured loans, surrender value

Secured And Unsecured Bill Consolidation Loans

September 2, 2014 Leave a comment

wealthymatters There might come a time when you are considering taking a bill consolidation loan to consolidate your debts. This will help to put all of your debts into one loan and give you one payment and one interest rate to make every month. Having this will help you to pay off your debt quicker and will allow for a total payment to be smaller every month. When you set out to look for your bill consolidation loan you will find that a lender will offer you two different types. These are a secured loan and an unsecured loan. Before deciding what type of loan is best for you it is important to know the difference between the two.