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4 Proven Ways to Help You Get a Loan

Are you in a financial difficulty and need some assistance? Well, the best way is getting a loan from your lender of choice. However, getting a loan has become trickier because lenders are very cautious. Because of this, many people end up getting their loan requests turned down. To be sure of getting the loan you want, here are 4 proven ways.

(i) Take your time to prepare

When you approach a lender, the main focus is establishing your creditworthiness. Therefore, you need to take ample time preparing.

• Review your credit report: The target here is raising the credit score so that the lender will not see you as a risky party. Check your credit report with about 3 credit bureaus to correct any errors. Ensure that all info including featured names, credit limits, and closing dates among others are okay.

• Put up a good source of permanent revenue: Every lender will scrutinize your source of income to assess your capability to repay the loan. If employed, this is not a major problem. However, if you have a business, the books of accounts should be well audited and presented to the lender.

• Outline how you want to use the money. If you want to open a martial art center, provide details of the things you want to buy from If you want a new car, you might want to give the detail of the new model and details of the seller.

(ii) Evaluate available credit options

Today, there are diverse loan options that you can go for. The main ones are secured and unsecured. If you opt for secured loans, the lender will require you to provide some collateral. The main collateral options accepted by lenders include homes, boat, and cars.

If you go for unsecured loans, the lender shoulders all the risks. Therefore, the borrower is not required to place any form of collateral. However, interest rates on unsecured loans are very high and are only provided to those with very high credit score. The commonest examples of unsecured loans are personal loans and small business loans. Note that with the small business loan, a proof of business profitability has to be provided.

(iii) Check for an appropriate institution to borrow from

While many lenders have opened their doors for clients to seek credit, you need to find the ideal one for your situation. Take a closer review of the lenders, read their history, and customers’ reviews to use the best. Main sources of loans include banking institutions that provide auto loans, personal loans, credit card loans, and small business loans.

Payday enterprises also come in handy to provide people with fast loans. They are easy to apply and approve loans within a timeframe of 24 hours. However, they only give very small loans and charge very high interests because they are unsecured. Before you go for the payday loan, take time to check the interest rate.

If you do not feel comfortable applying for a loan in a formal financial institution, you can also seek assistance from close friends and family members. Approach members of your extended family and seek assistance with a good payback plan. Many will be willing to help if you can commit to repay the money.

(iv) Do not apply for loan from two institutions at a go

Some people might suggest that you apply to several institutions to raise chances of getting approved by at least one of them. This is a very bad idea. When you apply for a loan with a financial institution, your credit score drops as the institution checks for your credit report. This could compromise your chances of getting a loan because of low credit score. Therefore, only apply for a loan from one institution at a time and if denied, review the cause for disapproval before moving to another.

7 Ways to Survive a Business Event

If you are about to attend a business event in order to help promote your business, you may be feeling a little nervous. Business events can be a lot of work, but at the same time they can also be great for the company.

Before you think about what can go wrong at a business event, please take a look at the tips I’ve listed below:

1 – Work out what you’re going to sell

Whether you’re selling a product or a service, you need to make sure that you know what you’re selling. You need to know almost everything about it, so that you can answer an questions that come your way.

2 – Get the right insurance

It’s hugely important that you get the right insurance to cover you in the event of something happening. Look at and see if you can find a plan that’s good for your business.

3 – Have plenty of leaflets to hand-out

This is important, because leaflets can be a good way to market your business. Make sure they’re bright, colorful and the tell potential customers what it is you’re selling. Get those leaflets handed out, leave some on the stand or desk you’re working from, and make your business heard.

4 – Everyone loves a freebie

We all love a freebie, and as a business, you can make our interest in freebies work for you. Put your businesses logo on some pens and hand them out. Get a bunch of refrigerator magnets with your business logo on, and give those away too. Everyone loves a freebie, and most people will be happy to take them home with them. This means that they are likely to see your logo every time they use the pen or see the magnet, and that’s never a bad thing.

5 – Never work by yourself

Always work with at least one other person, so you one is able to hand out leaflets, while the other talks to potential customers. You’ll also need to take a break now and again, so work in pairs, and all should go smoothly.

6 – Be prepared

Turn up at the business event fully prepared, know what your potential customers are looking for, and be ready to answer their questions. Get ready to set up your stall or spot as soon as you arrive, and make sure you’re all dressed to impress.

7 – Have a good time

This is key, because if you don’t have a good time, your customers will know. Work out a way to have a good time, go there with the intention of having a good time, and you probably will.

You can survive a business event, just be prepared, know what you’re selling, and get our there and enjoy yourself.