How to Get More Money with a Personal Loan

How to Get More Money with a Personal Loan


Are you willing to consolidate your debts or have some holiday plan or refurbishment requirements or a wedding coming up? This and many rys to raise the fund you require. Not only the traditional in store facilities but an array of online fineasons may leave you looking for some extra cash to spend. Thankfully today there are numerous waancing options awaits customers on the internet. Only matter of thought is- can you secure funds so that you can achieve your dreams sooner? An obvious answer is yes!

Anybody who wishes to obtain short-termed quick cash can improve their odds to secure loans by taking a few measures like thoroughly understanding the approval criteria, building a responsible financial spending history and applying for the appropriate loan amount. Loans do have pitfalls as many unscrupulous lenders may bleed you with high-interest rates or processing fees. Luckily, loans from financial assistance websites like Personal Money Store can save you from signing up for a predatory loan and prove helpful if used responsibly only at the time of extreme needs.

How to improve the odds to secure a Loan?

The fear of rejection is the nastiest emotion associated with loans. However, it is no rocket science to understand the tackling with this trepidation. Follow these simple precautions and measures discussed here as they can definitely help you increase your chances of a loan approval.

  • Familiarize with Loan Approval Criteria:

The ways to establish a loan approval may differ from lender to lender. Also the rates, conditions, and terms are dependent on an individual's credibility to qualify for the desired loan amount. Having said that, there are certain underlying commonalities that do exist. This includes the capability of a person to manage the overall finances by verifying its individual's income and current debt obligations. Another major barometer is the FICO score which is an indicator that measures the risk level related to lending money to a particular borrower. At present, a FICO Score between 300- 850 is expected to be acceptable. Higher scores indicate greater chances of a loan approval.

  • Understanding your Credit Score

As discussed above credit score is an important and crucial parameter that needs to be reviewed before applying for a loan. It might not always be a decisive factor for certain loans like payday loans but it is definitely important for an auto loan, a mortgage loan and so on and so forth. One should review the credit report to find out their credit scores and if there are discrepancies or inaccurate information that is affecting the overall score. If there are any errors to be corrected you can do so by contacting the creditor or credit bureau itself. Just like how a low credit score can cause a problem. no credit score/credit history at all is also a hindrance in loans approval so make sure you have clean records as credit history.

  • Building Responsible Spending History

Being able to confirm that you can afford a loan may not be a cake walk. However, by limiting the expenses within the income capacity can help. In short, a balanced income, expenses and wage statements can prove your loan affordability. Others measures to build a responsible spending history may include the timely payment of utility bills, paying off your outstanding balances, avoiding store specific discount card account opening, taking care not to max out the credit limit and so on. Improving the credit score and having a responsible financial behavior will not only expand your chances of getting the loan approved but also will extend your access to competitive interest rates and terms. Always apply for a loan amount that you can explain the usage of in order to reduce the loan rejection probability.

  • Feel Free to Use Eligibility Calculators

Verifying credit scores and applying for loans with multiple lenders can negatively impact your score. Of course, if you try to verify your credit score for the same type of loan between 24-48 hours then credit agencies will assume you are shopping around for a loan and this might not lower your creditworthiness. The best alternative to avoid affecting credit scores due to numerous inquiries and arriving at the probability of a loan approval without applying for it is by using eligibility calculators. There are numerous eligibility calculators available on the internet. Key in the prompted information and check your eligibility without placing a search on your credit report or affecting your score.

How to safeguard yourself and your finances while borrowing money?

Now that you understand how to monitor factors in order to improve chances of a loan approval let us also discuss some ways to securely borrow a quick loan.

Opt for Loan Lender as Per Your Credit Score

Conventional lenders prefer good credit score candidates only; hence loan approvals chances are slim. Most borrowers are turned down by banks if they have a bad credit score or no score at all. The latter could possibly limit your options to choose the types of lenders. Many lenders offering loans to high-risk borrowers charge higher APR and ridiculously high fees. So it is wise to find online lenders specialized in lending to low-credit borrowers. Usually, it is not obligatory to report payments to credit agencies but if you find such a lender, it can help improve your credit score.

Go for Cash Advances Loan

It is easy to use a credit card cash advance by putting an emergency expense on it. However, credit cards cash advance fees can start at 3% and go up to 5%. Whatever balance gets issued to your account continues to accrue a monthly interest until you repay that balance completely. To avoid such high costs its worth opting for fast money through an online cash advance. Not only the process is quick but also it can help you consolidate your credit card debt with a personal loan at a lesser interest amount.

Choose Only Reputed Money Lenders to fulfill your loan requirement

In the digital era shopping for loans online is a smart choice. It not only saves you from hassles but also saves money and time that's ruined around selecting brick-and-mortar lending institutions. Besides, online lenders operate at significantly low costs which translate into a benefit in the form of low-interest rates. Unfortunately, many fall prey to advance fee loan scams. To avoid shady online lenders it is worth verifying the lender's state-license as a financial institution without any past/pending lawsuits or taking help from financial assistants.

Seek Secured Loans

Quite sometimes many won't qualify for various loans or credit card facilities. In such cases, secured loans can serve best. The borrower needs to provide a guarantee or security by signing for something like a vehicle, 401K loan or property as collateral to access a secured loan. This might not be a real quick way to get funds, but if someone has low credit or no credit and owns a valuable asset, qualifying for loans can be easy. Remember that there is a risk of losing the asset if repayments fail.

Look For Lenders with Quick Loan Approval Facilities

Personal lenders can probably offer the best interest rates and fees on loans. However, you should understand that even online lenders might take one to three days to process an application, approve loans, and finally deposit the funds into your account. There might be a soft credit check done for you to qualify for quick loans. Keep the identification and the proof of income handy before applying to quickly complete and submit an application.

Cosigned Loans can be an alternative

If bad credit is concerning you then approaching someone who has a better credit history and accommodating enough to co-sign the loan with you can do the needful. This often is the case for first time young borrowers. The co-signer shares the equal accountability to repay the loan and negative repercussions can affect their credit. Hence extra care should be taken to repay the loan in time and avoid defaulting.

Family and Friends Can Lend a Quick Loan Help

Finally, you can move to your support network and ask friends and family or those close to you if they can spare some cash for a quick loan. Discuss and agree on terms about how frequently you would repay the loan or if they expect you to pay an interest amount. To avoid relationship strains better it is advisable to sign a promissory note for the loan and once you get the cash you need, make sure you can repay them right away.

Alternative underwriting methods allow some lenders to offer personal loans to those with less favorable credit history and lowers FICO scores. Borrowers should be smart about the decision prior committing to any kind of loan. They should ensure that the repayment schedule will not seem aggressive and pose threats to their financial health. If you desperately need cash and think you can afford to take time finding a loan and comparing costs, just do it. Remember that when you are financially vulnerable it's likely to fall for predatory lending tactics and scams. Take time to calm yourself, get yourself educated about various loans and opt for the only choice that's the best possible solution for you.


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Lil Dicky's 'Earth' Is The Most Influential Song Of 2019, Change My Mind

And the music video may be even better.


Lil Dicky is a known musician know for his songs 'Pillow Talking' and 'Freaky Friday' featuring Chris Brown. The songs are fun silly and are very catchy. Last week, Lil Dicky released a new song titled 'Earth' featuring about 30 plus artists including Ariana Grande, Justin Bieber, Brendon Urie, Zac Brown Band, and many others. This song is just as enjoyable as his other songs; however, this one carries an extremely important message.

In this song, Dicky brings awareness to the condition of the Earth along with the idea of world unity. Through the inclusion of several animal species, he shows how the earth doesn't just belong to us as human, but to the animals as well. Oftentimes, the human race can be extremely selfish and forget that we do share the planet with other species who are just as important as us.

In one of his last verses, Dicky mentions the way we are harming the earth through pollution and fighting wars. This part of the song becomes more serious to emphasize the importance of this topic. In the music video, the colorful visuals turn dark and gray which can bring to attending the dying planet.

In his effort to save the earth, Dicky calls for unity among all countries and continents. Saying how all past issues are in the past and we all need to come together since we live on the same planet. With all the political issues happening on a global scale, the earth and its health are often pushed to the end of the priority list. By adding this part to the song, Dicky brings awareness of that topic back to the top.

'Earth' by Lil Dicky is the most important song of 2019. Through his creative artistry and inclusion of over 30 artists, people will notice the message of this song and hopefully begin to make changes that will impact the earth in positive ways. If you haven't watched the music video or listened to the song please do.

Earth is the only planet we have; thus, we need to show how much we love it by actually taking action to care for it.

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How you can Enhance your Marketing Campaign with the the help of proper Content Marketing

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