When you apply for a business loan, your personal credit and business credit will be taken into consideration. Even though the business credit is not meant for your personal life, it is highly likely that the bank will look closely into your personal credit history. If you have strong personal credit, your chances of building a business credit history should be … [Read more...] about How Personal Credit Affect Business Loans
Personal Credit
Seven Ways to Boost Your Credit Score Quickly
Your credit score plays a huge role in the financial aspect; it's a signal to lenders determining how likely you are to repay a loan or your credit card debt. The higher your credit score, the better your chance of securing credit cards and loans suited to your requirements. However, maintaining a good credit history can be challenging for some people. This is especially … [Read more...] about Seven Ways to Boost Your Credit Score Quickly
Spotting Red Flags on Credit Reports
A red flag, in simple terms, is something that makes your credit report look ugly. For lenders, this might be something that warns them about the borrower’s ability to make payments. There are many different red flags out there, but we can categorize them into two significant types: Red flags that fall under the Red Flag Rule set up by the FTC in … [Read more...] about Spotting Red Flags on Credit Reports
How to Achieve Stress-Free Personal Finance Management
You don’t need to wait until you’re earning a six-figure salary to start managing your personal finances. In fact, a good personal finance management plan can help you achieve your financial objectives - so reach out to an insolvency practitioner now to avoid debt later! Personal finance management includes managing income generation, spending, saving, and investment. A sound … [Read more...] about How to Achieve Stress-Free Personal Finance Management
Here’s When Personal Loan Would be the Best Resort for You
There are various circumstances where personal finance can be a feasible alternative. But, do you exactly know what personal finance is? Some of the finance options are earmarked for a particular type of purchase. For instance- through a car loan, you get funds to buy a car. Through a mortgage loan, you can buy your new home. Through a student loan, you get funds for paying … [Read more...] about Here’s When Personal Loan Would be the Best Resort for You