What is a Credit Score?
A credit score is not something that most people will think about until they want to apply for a credit card or a loan that they really need. It is a basically numerical representation of an individual’s creditworthiness and, therefore, a primary consideration for lenders. Lenders like credit card companies and banks, engage companies to compile credit reports and derive the credit score from those reports. Continue reading “Understanding Your Credit Score and How to Maintain a High Rating”
Many people ignore taking a life insurance policy in early stages of their career. Many young people buy their first life insurance policy only after they have children. Life insurance protects your dependents from financial distress in the event of your unfortunate death. You should understand that your dependents are not just your spouse and children. For example, if you provide financial support to your parents, then your parents are your dependents even if you are single. Continue reading “Why term plan is must for protecting financial future of your family”
The most important thing that financial institutions check for determining your eligibility for a loan or credit card is your CIBIL score. The CIBIL score is basically a three-digit number that summarizes your credit history. It is calculated using factors like your loan repayment history, your total available credit balance and how long you have used credit and the number of loans and their distribution between secured and unsecured components. Your repayment history accounts for over one third of the score. Continue reading “Know your CIBIL score with PAN Card”
In case you are applying for a business loan, there are some essential tips which can help you get proper funding for your business plan or expansion needs and help to protect for business loan rejection or tax deduction.
Are you applying for a business loan? You should definitely follow a few tips which ensure success as far as getting funding for your blueprint or business plan is concerned. Submitting your very first business loan proposal can be a hugely daunting affair with the gazillions of financial documents required along with a thorough scrutiny of your personal and business credit history as well. Here are five tips that will help you get your application successfully approved without any hitches. Continue reading “Everything about Business Loan Explained: Interest Rate to Tax Deduction”
Traders last week most likelysaw the Dow Jones close above the 20,000-point mark for the first time in its history.
The Dow’smilestone made headlines around the world, with some experts claiming it represents a significant psychological shift, and could ultimately push the index to even greater heights. For others, the Dow Jones serves as a somewhat outdated measure of the strength of the U.S. economy, since it’s a price-weighted index, including only 30 major companies. Continue reading “The Dow Jones at 20,000 – Does it Matter?”
For many years, if you wanted a loan to finance your business, your only option was going to the bank. Times have changed, though, and there are now a host of non-traditional small business lending options. If you need money to get your business off the ground or to expand it, here are a few options: Continue reading “Non-Traditional Small Business Lending”
When one decides to buy home insurance cover, there are several questions that arise in his or her mind. The first question is, how much a home insurance cover is going to cost me or to put it in other words, what will be the premium amount I would be paying to the house insurance company for coverage. This is a very logical question since it plays a crucial role in determining the degree of protection and coverage needed for your home, taking into consideration the budget you have and other associated economic factors. Continue reading “What does Home insurance policy cost?”
Ask any business owner, big or small, what the biggest challenge is when running a company, and they will tell you it is managing finances. What makes it so difficult? Many people feel that a company will only function successfully once it has acquired clients. While this is partly true, what is equally important to a company’s success is how well it can manage, and strike a balance between the funds that come in and go out. Continue reading “How to manage your working capital requirements”
Now, renewing your lapsed car insurance policy is no more remain a daunting task. To expedite the policy renewal process, you can choose to inspect your car yourself with the help of the insurance mobile app. All you need is the latest insurance app and good internet connectivity. This self-inspection process not only helps you save your time but also helps you renew your policy while on the go. The following infographic will help you understand the process involved in a mobile self-inspection of the car. Continue reading “How to do mobile self-inspection for your car”
There are two sure-fire ways of taking your online business to the next level, according to studies complied by Rutgers Online. First, you need to make sure the mobile shopping experience is as good as it can be. More customers are making purchases using nothing but their smartphones and a smooth, enjoyable mobile shopping experience is a must. The second element to consider adding to an online store is the ability to process credit card and mobile payments. Continue reading “Take Your Online Business to the Next Level”
Many small business owners find that at some point in their business’s lifespan they are in need of a little extra cash. The reasons for this sudden influx of money will vary from business to business, but there is one thing they all have in common: their business likely won’t survive without it. And that’s where small business loans come in. However, getting a small business loan isn’t necessarily as easy as getting a car loan or even a home loan. So to help you get the money you need to keep your business running smoothly, here are three tips for acquiring a small business loan. Continue reading “3 Tips for Acquiring A Small Business Loan”
In the present time, business debt is inevitable but there are ways in which you can deal with such debts and get immense help provided you have all the documents of your business in order. You would also have to ensure that all the taxes are paid and current as it is the most vital part of a successful business. It would further ensure that the IRS or the state tax authority cannot hold you liable personally and charge penalties for such defaults in payment. It will also affect the bankruptcy proceedings in an adverse manner if you do not pay taxes on time. Continue reading “Things To Ensure Before You Want Help During Business Debt”