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Most of you job hunters out there might want to polish your reference and education in your resumes or curriculum vitae so you can up the chances of getting the attention of human resource officers. This is especially true to people who have been unemployed from their jobs due to their companies cutting downsizing.The number of people who have been re-trenched due to global recession has been rising in an alarming rate. Most of these out of employment people are suddenly put into a situation wherein their source of living is taken away so abruptly that they end up relying on the government monthly checks to survive. Many stories have been heard of these professionals still out of job because some job centers just cannot seem to find the right job for them that can match their skills, experience, and other attributes.You must know that competition out there is tougher with fresh graduates, young professionals looking for greener pastures, or the laid off middle age worker, and other job seekers flooding the job market. You may be one of the types of job hunters circling the job centers in town, surfing online job databases, and or looking at your community bulletin board or local newspaper. And so you know how it is to keep on searching without having any positive feedback from the companies you have sent your resumes or CV’s. What seems to be the problem?Well, there are two emerging important factors called reference and education that should be carefully mentioned in your profile or portfolio. Many human resource officers have been keen on these two factors because of the scarcity of the jobs that they can offer. Any of the companies wanting to hire a personnel would want someone who have been working credibly as stated in his references and also has the knowledge to fill in the job position that can be mirrored by his educational attainments. The higher the education, the higher is the expectation for you to get the job well done.So how do you get a good reference? This depends if you have any prior job experiences and the type of job seeker that you are. For fresh graduates, enlist all your summer jobs and part-time jobs and then pick out something that relates to the position you are currently applying for. For young professionals or laid off worker, consider your most recent company if they have good commendations regarding your work. Some of the companies that laid off workers readily hand out references or recommendations to laid off workers to help them find a new job right away. Send a reference request letter to your direct supervisor of your best work experience and then wait for their letter of recommendation. This factor can be readily checked by the human resource personnel by contacting your stated references so do not attempt to falsify any documents.For educational factor, this can be a limiting to those who do not have a degree, certifications, or other documented expertise. Universities, community and technical training schools can readily provide you with your scholastic records for your supporting documents. The government is also willing to shoulder your schooling expenses so that you can further your skills or education and therefore get a better job. Just look around for open programs or scholarships that you can use to make yourself more valuable with additional technical skills or higher education.The job market right now is having a higher demand for jobs than the available jobs being demanded. You do not want to be blacklisted or banned from any company or job center so refrain from tweaking the facts.

Legal careers and legal jobs are becoming one of the most dynamic and rewarding career choice; as our legal system has become an integral part of our daily lives. Either minor or major, we need legal expertise and guidance for every right that we possess.We live in an information age, where people are aware of their fundamental rights and duties, so lawyers and other legal professionals must know how to have success for a client. A meaningful law career that solves client’s needs, leads not only to career satisfaction and a sense of achievement; but, it also can result in a high income earning potential.More and more bright young aspirants are considering law as their prime career choice to become as successful as the lawyers and professionals they idolize. But not all who begin with high hopes succeed. So, what could be the most important qualities to obtain success in a legal career and the legal profession?In his book, The Science of Getting Rich, Wallace Wattles notes that those who “thinks in a certain way” will succeed pure and simple. Hence, let’s take a look at the things that successful legal professionals embrace. If you do these things in that same way that the successful legal practitioner does, you will, in fact, succeed. Here, then, are a few ingredients that will lead to success in any legal job:
Communication: A legal professional is bound to have exemplary communication skills. Communication skills cover your written, oral and listening skills. In the legal profession one has to interview suspects, witnesses, clients and all sorts of people in order to extract any and all information associated to their case; not only that but he also needs to analyze that information on various fronts to verify the veracity of the information received. Therefore, working and improving upon your communication and listening skills is essential to your success in a legal career. Any seminars, books or training devoted to increasing your communication abilities will inevitably lead to success.
Empathic and Rational: Being empathic in the legal profession means the capacity to understand and know emotionally what a client has experienced and the ability to put oneself in clients’ shoes. Note I did not say to be sympathetic. Sympathetic means you feel sorry for your client. Empathy involves the quality of appreciating your client’s situation. At the same time a legal professional should have a rational mind and clear thinking, because as my mother used to say “rule your life with reason.”
Out of the Box thinking: Legal professionals must have the ability to find what is hidden and present the best choices for their clients. Typically, clients are in conflict with an adversary. The creative legal professional can break deadlocks through creative solutions that lead to mutually beneficial solutions
Specialized Knowledge: One needs to have expert knowledge in their area to work in any profession, but in this is especially so in the legal profession. The top legal professional must not only master the legal knowledge of the sector he represents but also he must gain the knowledge vital to the industry itself. As they say – “Hundred men with guns cannot steal as much as a lawyer with his words”, so to choose the right words and phrases one must be knowledgeable. For example, if you are a litigator that represents a company in the oil industry, then you must know every detail of the oil industry to prepare a strong and winning argument for the case; similarly for any client a legal professional must have a thorough knowledge of every detail associated to a client’s work.
Confidentiality: Legal ethics demand strict confidentially with your client. If you cannot observe this basic cannon, then you cannot find success in the legal profession. Maintaining confidentiality is the foremost task of a legal professional. Attorneys, paralegals, legal receptionists, all gain confidential information and it must be kept secret. Violating the attorney client privilege is tantamount to losing a client’s faith, which can be fatal in any legal position.
Commitment: There is a saying that “A Lawyer would do anything to win a case.” Commitment is required in any and every legal profession. Fighting a case for a client is like treating a patient; clients in the legal world have just one expectation of ‘success’ and to fulfill it, one must be committed to his work. Most of the famous and highly reputed people in legal careers forget about everything else, sometimes they overlook their personal commitments; it’s just 40% what they work at officially and 60% of the unofficial work that makes the difference. Success in the legal profession requires preparation-a lot of time in research and drawing up all the necessary documents. Perseverance is the key; one must be willing to work without any boundaries to time in a legal job.
Diplomatic: It is said rightly that “He is not a lawyer who can’t take two sides”. There are no friends or foes in legal profession; one must say the right words at the right place and the right time. Being diplomatic makes your overall personality favorable, even for those who disagree as to what you say or believe; also, it makes you a good negotiator, which is a routine task in any legal profession. You should be diplomatic if you are trying to find success in legal careers.
Persuasive: Whether a lawyer, attorney, paralegal or a legal assistant everyone in legal the profession should be persuasive. It requires a great amount of skill and practice to persuade a judge, jury or even client to your position. Every client expects their legal consultant to be aggressive, they do not pay you to sleep and be shy; you must learn to persuade to get success in legal careers.
Patience: You need to be patient in order to be successful in legal profession. If you don’t succeed at first, try again; you will not get your way the first time around. You will need to write letter after letter, draft motion after motion, in order to succeed for your clients. Practicing a legal job requires a lot of waiting. Waiting around courthouses for your case to be called. Waiting around for decisions on appeals to be handed down. It is said rightly that – “If you are a legal professional, either you will learn to wait or you will simply grow old before time.”
Last, but not the least, Love of argument: Legal professionals debate constantly; with courts, with adversaries, with companies and even with their own clients and associates. If you love to advance your position, not just occasionally or at work but day in and day out, and if you are difficult to beat in arguments; then you definitely have what it takes to excel in legal careers.

Many people believe that limo services are meant for special events and special guests. While it is true that rental limos add to the grandeur of any occasion and make your guests feel special, there is certainly no harm in hiring the majestic vehicle for pampering yourself once in a while. Contrary to what most people think, limousine services are not meant for the rich alone.

There are several occasions when you might consider hiring thee luxurious limos. You can make use of them for making transportation arrangement for the participants in your business event, or to take around the guests at your wedding, anniversary, engagement or any other special celebration. At times, you may even want to be driven around in style as you spend a leisurely evening taking in the city sights. If your children have to attend a prom night, sending them in a rental limo gives you peace of mind that no other transportation option can. The limo service is also an excellent arrangement for dropping you at or picking you from the airport. Group travels, study tours, wine tours, etc. are a few more reasons for hiring the services.

Rental limousines are so popular because of the unmatched comfortable and stylish experience they offer to the users. A limo is considered the ultimate in luxury and elegance. Driven around by a smart chauffeur in the big car, the passenger is bound to feel classy and the cynosure of all eyes. If you have hired the service for someone special, your loved one is sure to feel pampered and loved, exactly the way you wanted.

Besides adding a touch of sophistication and comfort to your travel, rental limos offer several other perks. You can relax in the huge and comfy seats, free from the hassles of driving on the congested roads and looking for suitable parking space. Moreover, there is no issue of driving after drinking. The luxury of a driver allows you to enjoy your partying to the fullest.

The limo services assure you of punctual services. You don’t have to wait for a cab or other transport to come up and are assured of reaching your destination on time. Moreover, the drivers are respectable and knowledgeable professionals who know the best routes around. Out of town customers are especially benefited as they are safe from being swindled by unscrupulous cab drivers. If you have had a tiring day, you can take a power nap while the reliable chauffeur drives you to or from your event.

Indeed, rental limousines are great transportation options for the special and not-so-special occasions. Those who want to enjoy the memorable experience of limo travel can go online and look up the local business directory to find limo services available in their area.

There is a saying in the Home Based Business world (or at least a saying among my Home Based Business friends), and that is, “The great thing about the Home Based Business Industry is that anyone can do it. The worst thing about the Home Based Business Industry…….. is that anyone can do it.

For the most part, starting a Home Based Business is fairly simple. Find a sponsor, sign up, and you are pretty much off and running. But the thing that most people don’t consider is what they shouldn’t be doing in regards to prospecting, training, and running your business in general.

Don’t feel like you have to talk to everyone you come in contact with and try to sell your opportunity.

Once people start a Home Based Business, they are incorrectly trained to go out, make a list of friends and family and call them constantly about joining the business. They are also taught to always be looking for an opportunity to bring up the business opportunity in conversations. Even if they are standing in line at the grocery store, find a way to start talking to the person behind you and look for a way to bring up the business. This outdated method is still taught today, and you will see tons of information telling you it’s an outdated method, but no one really explains why. Well don’t fret, I’m here to explain why.

The reason it doesn’t work is because people are so inundated with advertising and sales pitches today, that we shut people or advertisements down in the blink of an eye these days. It’s almost like it’s human instinct now. I mean think about it for a second. How often do you fast forward through commercials on TV now that we have the ability to do so? How fast did you sign up for the do-not-call list as soon as it came out? We as a society hate being sold to. Even if it is something we might need, the minute someone tries to “sell” us something we most likely shut down and block them out. When you drive do you even notice the billboards anymore, or are they just a part of the landscape that doesn’t even enter your mind?

So if it doesn’t work why are you taught this way? Well, it’s a really simple answer. Because it’s the easiest thing to teach and it’s easy to teach it to others. Home Based Businesses leaders teach this to their marketers because, quite frankly, they don’t know how to teach any other way. They give you a script, tell you to make a list of people you know, and give you a shot in the arm with an enthusiastic “Go get’em partner!”, and they hope that the numbers will work in your favor (here is a little secret, that rarely turns out well for the new marketer). And, when they are not getting any results, they tell the new marketer to try harder. Yeah, that’s helpful, try harder, keep calling the people that won’t even pick up the phone anymore when they see your number on caller ID, there is a good plan.

They think it’s to difficult to teach new people a different way, a better way of marketing their opportunity. So they give you some watered down, out of date system that will leave you frustrated and broke. Well there is a better way, there is a more effective way, and I will talk more about that in the next section.

Do not sponsor everyone that wants to get involved!!!

Huh???

Yeah, you read that right. I mean you could sponsor everyone that wants to start a business. In fact if you love to be annoyed, bothered 24/7, frustrated, defeated and depressed, by all means have at it. Remember this line from earlier?

“The great thing about the Home Based Business Industry is that anyone can do it. The worst thing about the Home Based Business Industry…….. is that anyone can do it.

Let’s get down to brass tacks. Not everyone is meant to start, own and run a business. Plain and simple. Might not be a nice thing to say, but it is a true thing to say. A Home Based Business owner, or any business owner for that matter has to have a certain type of desire and mindset. Now I’m not saying they have to be smarter than the average bear, not the case at all, but they do have to have a specific mindset. They have to understand that there is work involved, and that growing a business takes time and energy, and it takes dedication. You can’t just expect to succeed by taking the easy route.

That being said, you as a Team Leader have the responsibility, I will even say an obligation, to yourself and to the person / people you sponsor, to make sure that they “get it”, and understand what it takes to become successful in this competitive industry. You have to make sure that they understand that, even though you are there to always help them and work as a team, that they will eventually have to work independently after they are trained. Now I’m not saying train them for 5 hours and send them out on their own, no no no, that is what the old school teachers do. I’m saying that you work together as a team, get the person trained, help them until they are comfortable, but this has to happen within reason. It shouldn’t take 5 years. I would say it should only take a month or two of regular training and close teamwork. Let me tell you something. There is nothing worse than a person that calls you 24 times a day with dumb questions, complaints, and whines constantly. This will drain you emotionally, physically and just destroy your morale. You will be miserable and in turn the person you sponsored will be miserable and broke too. Believe me, I went through it, and I promised myself that I would never go through that again. I would rather have three reps. on my team, that get the business model, have the attitude to succeed, and can work as a team as well as independently, and not be constantly dependent and need to have their hand held every step of the way, than to have 100 people that are just gonna drain me emotionally. IT”S JUST NOT WORTH IT!

So when talking to others and they show interest in becoming a business partner of yours, make sure they have the qualities it takes to run, own and grow a business. It’s not hard to figure out if they “get it” or not. Most people can figure out if a person has “it” or not. And if they don’t have the qualities, then just politely tell them that this might not be the best option for them and move on. It amazes me how many Home Based Business owners are so afraid to say no to people. If you are so worried about sponsoring people that you will sponsor a person who will make you miserable, I might suggest that you look into another type of work, because you will have a long painful road ahead of you.

Do not educate yourself constantly.

So we have discussed how many companies train you the easy, watered down, ineffective way. They teach a system that is easily duplicatable to everyone, but is hardly effective for anyone. Now, it’s not the companies fault mind you, they have to find the easiest way to get people started, but again for the person that “gets it” this will not be enough, because, well, you want to succeed, and the people that don’t “get it” won’t go past the basic training the company provides, and they will fail and quit because they won’t understand what we are about to discuss. But again, you won’t have to worry about people on your team quitting because, as we figured out earlier, you only sponsor people with the right qualifications, RIGHT?:)

You need to constantly add tools to your business tool box. There are some great programs out there to help you take you business to another level. It amazes me how new Home Based Business owners will invest in starting a new business and then not invest in their business education. Does a doctor graduate medical school and never educates themselves any further? Does a real estate agent consistently study the real estate market and it’s trends? Well the Home Based Business owner has to do the same thing. They need to plug in and study what the leaders of the industry are doing. They need to keep up on the trends and they need to invest in their education. I personally require my new business partners to purchase some of my favorite educational tools because I know it will help them in the long run, and if they don’t, they will not become a part of my team. I mean if you are not willing to invest in your education and training, how much success do you think you will have? Not much.

Be impatient.

Rome wasn’t built in a day and your Home Based Business won’t be either. It is not a “get rich overnight” thing, nothing is. People that tell you that are lying to you, plain and simple, and they do not have your best interest in mind. It takes time to build and grow a business, and you need to be ready to put the work in. How long does it take? Well there are so many factors it varies person to person, but on average I will say 1-2 years to really start making a substantial income. Is that to long for you? Well then you are not made for this business. Any professional knows that this is the general rule of thumb for any business in any industry. If you don’t have the patience to wait that long, you might want to just work for someone and and not start your own business. You also need to sustain yourself while you are building. As i mentioned earlier, if you are going to invest into starting a business you need to also invest in your education. Now I’m not talking about thousands of dollars in educational tools and trainings but there does have to be some money invested nonetheless, but the money that is invested into your education will pay you back 100 times the cost in the long run. You also need working capital for advertising, marketing and the general running of your business, again, no different that any other type of business, but remember these costs are significantly lower that most types of business, but they are things you need to be aware of if you want to own a successful Home Based Business.

By recognizing these things and and not falling into the traps that a majority of Home Based Business owners fall into, you will be setting the foundation for a successful, fun, and profitable business.

What do most people lack, becoming the number one reason many home-based businesses fail? Customers.

My rule number one? Never buy leads, and only buy customers.

This is only one of five topics discussed here so that your home-based business can achieve optimal success.

First, I would like to list the top five reasons most home-based businesses fail:

1. Lack of a business plan.

Just because it is a home-based business does not mean you do not need a business plan. You should be taking your home-based business just as seriously as if you were heading into any other type of business, so you need to make sure that the business plan you have is sound and that it has already worked for someone else who has used it.

2. Lack of motivation.

It is easy to become distracted. A home business should be run in the same manner as an office-based business. You need to motivate yourself to go to work in the morning and maintain that motivation during the course of the day in order to succeed. Discipline is a must. I have witnessed many smart people who are totally capable of being successful in their own home-based business, but failed because they didn’t have the discipline and motivation to answer to themselves. Some personalities require direction and management from others in order to be successful, so it is important to know if you properly motivated before starting your own home-based business.

3. Lack of space or proper environment.

If you are fortunate and your home-based business is successful, you may need to expand, so it is important while setting up a home business environment to anticipate growth. Not all businesses can realistically succeed in a home-based location because they need room for equipment, work space, storage, inventory, and employees, so it is important to determine if it is simply too difficult to run your business from your home. Many people learn the hard way by not being realistic upfront.

4. Ignoring a budget.

Too many home-based business owners justify spending money on all sorts of equipment, advertising, leads, and promotional tools because they are not paying overhead. This can result in dangerous overspending which will strip your business of capital needed to succeed and thrive. It is important to spend money wisely on only what is necessary to see growth and success, and not get caught up in unnecessary spending.

5. Lack of customers.

This is quite obvious, of course. Without customers purchasing your products or services, you have no home business. This is the number one reason many home businesses fail because this is what most people lack when starting a business. Of course, there are companies that offer leads or you can go to a third-party source to purchase them, but if you talk to people who have used leads, they are usually a far cry from a constant stream of actual buying customers who could be supplying your home-based business with what it takes to thrive, grow, and become successful: sales.

So, what is a home-based business owner to do to avoid these pitfalls?

1. First, align yourself with a company that will provide you with a steady stream of buying customers to whom you have permanent rights, instead of mere leads.

With customers who are already purchasing being continually generated by the company itself, success will be attained and will continually grow and thrive because you will have all the customers you will ever need. With this, the front-end work of your business is already achieved. However, I know of only one company that does this.

2. Next, make sure this company is debt-free, reputable, and has a proven business model.

This company should have no start-up costs, no hidden fees, and be free to join. You want to avoid a business that starts strong and disappoints later, and instead opt for one that provides ongoing residual income for life. Talk to someone who is already working this business and see how it has worked for him or her.

3. Then, make sure you have the proper environment to work your business from home.

Align yourself with a company that will simply require an internet connection and a phone, and will allow you to be mobile, so you can take your home-based business anywhere you want to go. This company should do all of the back-end work for you as well by supplying you with your own free website and an easy to use back office on your laptop. They should be shipping the product to each customer, and supplying them with catalogs, e-mail alerts, monthly magazines and catalogs, and toll-free telephone customer support, all at no cost to you or the customer. Align yourself with a company that is willing to do all of this heavy lifting for you at no charge that normally weighs others down in their home-based businesses.

4. Next, stick to a budget by duplicating what someone else has already done to become successful in this business.

Resist temptation to reinvent the wheel which could result in needless spending. A great company has affiliates who have already figured out how to bring your business to the next level without spending needlessly, so just follow their lead.

5. Finally, make sure you are motivated to be in business for yourself in a home-based business.

Expect guidance from others, and duplicate what they have already done to be successful, but realize that the bottom line is YOU. If you treat a home-based business like a hobby, it will pay you like a hobby; and if you treat it like a business, it will pay you like a business. Treat it with the commitment and dedication it deserves and it will pay you back many times over.

How do I know this works? I have proven to myself that it does.

The successful interior design business I owned and operated for eleven years took a hard hit when our economy started to fail a few years ago because people no longer had the disposable income they once had. Let’s face it, custom design is neither inexpensive nor a necessity, so I have seen a lot of interior design studios go out of business during this tough economy. I had the choice of either reinventing myself in a home-based business, or go to work for someone else. Being my own boss has rather spoiled me, so I did not want to change that by working for someone else. Why make someone else successful when I could build something for myself?

So, almost three years ago, I aligned myself with a company to start another stream of income. This business is exactly what I described in the five detailed points above as what you should look for in a home-based business. I duplicated what someone else was already doing with the company, so naturally, it worked for me as well. I want to reach out to others to help them to build a successful home-based business of their own, by avoiding the common mistakes people often make. People who are already aligned with this company include individuals with corporate jobs, business owners, parents raising children at home, wellness professionals and students, retired persons, and individuals who simply desire an extra stream of income. There is no better time than in today’s tough economy to start your own proven home-based business by acquiring buying customers, and do it in a way where you will find optimal success.

So you are thinking of getting some extra money to make some urgent home repairs, the porch door needs replacing, along with a new hot water system. Unfortunately you do not have the money in the bank, but neither do you have a secure porch door or any constant hot water.

Have you considered personal loans? A lot of people take out personal loans for this type of repair. Car repairs and even holidays are used by people with their newly acquired finances. Most people have heard that a poor credit score is not a good thing (However even those that have a poor financial history can still get loans). But how do you make a good rating?

One of thing major pieces of advice from experts, before you apply for finance it is best to get a credit report completed from a reputable source. This will give you an idea of the chance of getting your application approved. In the United States of America there are three levels of credit rating, basically the higher it is the better it is.

An excellent rating is above 760, a good rating would be between 700 and 759 and a poor rating would be between 640 to 699. if you are at the top end, 760 and above then there is no point in making your rating any better. However with other ratings it is worth trying to improve as it will help your chances of succeeding in the application.

There does seem to be a bit of a chicken and egg situation sometimes, you need finance but have a poor score,but to improve you need a lender to give you a chance. Well, luckily there are things that you and your family if you have one, can do to improve your rating.

Having a poor rating does not mean you have to be stuck with it, starting to pay the bills on time instead of late or not at all will start to get you on the right path. Some lenders will still give applicants loans even with a low score, but the total given will be lower than usually and the percentage rate will be considerably higher. So you will pay more over the period of the finance.

Families can help too. If a member of your family has a good rating then some credit card companies can add you to that family members credit card as an authorized user, this will help with any poor credit score. Also having a family member with a good rating co-sign the loan could help you get what you need.

Finding the correct lender for your score is a good way to make sure that you are getting what you deserve, if you have a high score you deserve some of the best deals on the market. Instead of going to your bank or card company you can go online and search for a matching company. Companies like this are a good place go to make sure you achieve the best deal.

What are a matching company and what do they do? You enter your details on their online program and your information will be fed to several of their approved lenders, in turn the lenders will then return to the matching company with a list of loans that they are able to offer.

Once the offers come back it is then up to the applicant to choose one and complete all the necessary paperwork. A check will then be received within a matter of days and your new boiler and door fitted soon after.

Everyone is busy. Busy in shopping online and in the malls. Popular online portals are breaking and making new sale records! All thanks to the convenience and the availability of easy payment options and funds!

Here are few of the factors that are making online businesses a success

Credit Cards: A credit card is plastic money. It is one of the easiest form in which a person gets a personal loan.

All online portals as well as retailers in malls accept credit cards issued by various banks.
Online payment becomes very simple and safe, thanks to the one time passwords generated for such transactions.
A PIN is sufficient for shopping using a credit card at any retail store.

Personal loans for shopping: When we apply for a personal loan, we don’t have to provide the financier with the details of what we want the loan for.

Thus these days’ personal loans are being used to finance shopping.
They can also be used as wedding loans, vacation loans and educational loans.

Payment Processing: As far as payment processing is concerned, the following factors matter to both the consumer and the online retailer.

Uncomplicated manoeuvring on website: It is important for the payment process to be step-by-step and easy to understand. Most websites work on this section very carefully and thus the online shopping experience is satisfactory.

Processing Costs: Processing costs matter to the retailers. More the processing fees they have to pay to providers of payment gateways like Visa, the lesser are their margins. So to have an effective business the processing costs need to be low.
Number of payment options: Multiple payment options should be available for the customer to make payment. This makes the shopping a convenient proposition.
Time taken to process transactions: Processing time not only tests your patience but sometimes also the strength of your internet connection!

Cash on Delivery: This is also known as “collection on delivery.” This is a very popular mode of making payments for shopping in the developing world.

It enhances impulse purchases.
A credit card is not an essential possession for the buyer.
The buyer can check the quality of the product and then pay

So this festive season, do not hesitate to shop and to gift! The availability of funds for shopping is not difficult anymore. Also the convenience of online shopping has brought various retailers to our doorstep. So let us shop all the way!

An easy way of shopping is using a credit card. It forms an integral part of most people’s financial planning. When used in the right manner, it helps reduce financial liability and optimizes financial resources.

While the rise of online lending in itself makes it more convenient for people to apply for finance, is this development a good thing for those who are already struggling? There are companies out there who charge expensive annual percentage rates (APRs), leaving many people in more trouble than when they first started.

But it doesn’t have to be this way. Over the last few years, online lending has earned itself a bad reputation. The internet leaves many people vulnerable to fraud, so you should always exercise caution when inputting your financial details. The best way to make sure your information remains safe is to find a secure, reliable lending platform.

There is an unfair irony attached to lending today. Those with bad credit are often led to believe they have no financial options if they have made mistakes in the past, often making their situations seem more desperate than they actually are. This can result in people making bad decisions and can lead to borrowing through unstable sources.

Meanwhile, any lenders that do accept you with bad credit will charge extortionate interest rates because of your history, making it more difficult for you to meet your monthly repayment obligations – thus worsening your situation. This is a trap that many people fall into, and it gives online installment lenders a bad name.

However, this doesn’t need to be the case. If you can find yourself a reliable lending platform, you will be connected to a secure network of trustworthy lenders who can offer sensible solutions to your borrowing needs. Many of these lenders will assess your application, even if your credit file isn’t perfect or your income is lower than average.

Instead of (or in some cases, as well as) running credit checks, these lenders will take other factors into consideration, including your income and employment circumstances, and how long you have lived at your current address. They may even ask for references they can contact who will vouch for your character personally.

Even those who receive benefits as a form of income will be able to apply, giving everyone a fair and carefully considered chance of borrowing money. In these cases, applicants won’t be accepted for higher loans than they can afford to pay back, and interest rates will be low, meaning there is a better chance of managing repayments.

If you have poor credit and need to borrow money, consider a personal installment loan, but make sure the APR is advertised between 5.99% and 35.99%. There should also be a number of options in terms of flexible repayment, offering you the chance to pay the money back anywhere between six months and six years, depending on what you can afford to pay per month.

Small, carefully considered personal loans could actually help you build a financial profile making you eligible for better future borrowing. As long as the lender is responsible, and offers reasonable interest rates, online lending platforms can actually give people with more opportunities than many other lenders in terms of improving their situation.

With this in mind, personal loans can be beneficial to those hoping to improve their credit score, but only if some caution is exercised by both parties, and you only apply to borrow an amount you can afford to pay back.

Don’t you wish personal finance were a mandatory course in college? Unfortunately, too many of us learn by mistake. When you need a personal loan and are rejected, you might be baffled as to what went wrong- and how to fix it. Here are some clues.

NO CREDIT

No credit is a situation where you have never used credit and therefore have no credit history for the bank to review. They have no way of making an educated decision on whether or not you will pay back a personal loan based on your credit history. No credit is worse than bad credit. Qualifying for and making regular payments on these types of introductory forms of credit can overcome a “no credit” score:

· Student Loans

· Secured credit card (includes a down payment amount)

· Being added to a parent’s or spouses good credit: card, car loan, etc.

LOW CREDIT

Low credit takes on several forms. If you’re using more than 30% of your allowable debt, it can negatively impact your score. Too many inquiries from shopping around for loans will also hit you hard. Lapses in payment, defaults, or bankruptcies are giant red flags and can take a long time to rebuild from.

Other things that lenders may look at are whether or not you have sizeable assets should you default on the loan. They also check to see if your debts are diversified or if you are only carrying one type of debt.

INCOME

Proof of income is generally required when applying for a personal loan. If you are unemployed or underemployed, it can work against you in the loan approval process. Lenders may also require a work history to see how long you have been with your current employer, and to determine if you typically have job stability. Frequent job loss or change will tell a creditor that your payments may not be reliable.

PURPOSE OF THE LOAN

Believe it or not, your application can be rejected due to your proposed purpose for the loan. Financial institutions have the right to set up the parameters surrounding their disbursements and can accept or reject your application based on what you want to use the money for.

BLACKLISTING

If you’ve defaulted on debt before, your name may be put on a list of whom not to loan to,’ also known as a “Blacklist.” This will follow you around for a long time and is difficult to erase. If you do resolve the debt issues, get documents to prove the resolution.

When it comes to a personal loan, you have to first learn to use it responsibly. Because if you miss a repayment, your credit score will be impacted adversely. And remember, that a credit score is an indicator of how well you manage your personal finances. Also, it plays a defining role when you apply for any kind of loan – secured and unsecured. It is suggested to apply for a loan slightly larger than what is needed so that you will be assured to have enough money to pay all bills necessary and still have some money left over to ensure that your bank account stays current.

A credit score can be defined as a number which reflects the financial situation of a person. If the person is well-off when it comes to financial matters, then he or she is said to have a high credit score. On the other hand, if a person is the exact opposite of this, then they possess a low credit score. There are a lot of factors that are considered by financial institutions for the purpose of evaluating a person’s credit score – usually, the credit scores of people vary from 300 to about 850.

A personal loan is a type of loan that is given by digital lenders, banks and credit unions to aid you in your plans, be it starting a small business, or making a big purchase. Personal loans tend to have an interest rate(s) lower than the credit cards; however, they can also be put to use for combining several credit card debts together into one monthly lower-cost payment.

Now, your credit score is built by keeping in mind various parameters from your credit reports. These reports serve the purpose of trailing your history of utilization of the credit across the duration of seven years. These credit reports are comprised of information, including how much credit you have utilized to date, the type of credit in your possession, the age of one’s credit accounts, whether one has put in for bankruptcy or liens filed against them, actions of debt collections taken against them, one’s total open lines of credit as well as recent inquiries for hard credit.

Like any other type of credit, personal loans are very capable of affecting your credit score. This can be done through the process of applying and withdrawing a personal loan. If you are curious as to how personal loans can end up affecting your credit, then read on to find out more about the context. There are many ways in which your credit can be affected by personal loans and some of them are listed below:

The ratio of your debt-to-income and loan

Debt-to-income ratio is considered to be the measure of your amount of income that you spend on the debt repayments. In the case of lenders, the amount of income that you receive is said to be one of the major factors proving that you are able to repay your loan.

Some of the lenders have come up with their own debt-to-income ratio so that their proprietary credit scores may make use of it in the form of a credit consideration. Do not fall into the kind of mindset that possessing a high amount of a loan would hurt your credit. The most damage it can do is raise the ratio of your debt-to-income so that you won’t be able to apply for loans anymore without it getting rejected or denied.

Paying loans on time will make credit scores soar

The moment your loan is approved, you have to make sure that you settle the payments of each month on time and in full. Delay in repayment may significantly impact the state of your credit score. However, on the other hand, if you make the payments on time every month, then your credit score will soar high, leading to an overall good score. This will not only make your name to the preferred borrower’s list, but it will prove to be beneficial for you in the long run.

Since your payment history is comprised of almost 35% of your credit score, paying loans on time is essential in cases like these so that your credit score can maintain a positive status.

Variety is built into your credit type

There are about five factors that are responsible for determining your credit score. These are composed of the payment history, the length of the credit history, the utilization ratio of the credit, the credit mix and new inquiries of the credit in accordance with FICO®.

The credit mix only accounts for about 35% of your total credit score, whereas when it comes to a personal loan you can have a varying mix of the credit types. This mix of all types of credit is viewed at a high level of approval by the creditors and lenders.

Origination fee charged by loans

Most of the lenders end up charging you an origination fee. This fee cannot be avoided at any cost and is instantly taken off from the amount of the loan payment. The amount of origination fees depends upon the amount of the loan you are about to borrow. Late payments can lead to an overdraft of fees and late expenses. Therefore, make sure that you pay complete repayment for each month before the deadline.

Avoiding penalties when it comes to payments

Some of the credit lenders tend to charge an additional fee if you end up paying your part of the loan earlier than the agreed date. This is because they are looking for moderate amounts of interest on your loan. Now, seeing that you have paid off your part of the loan before time, they will miss out on that interest that they could have possibly made if you had not cleared the debt soon enough before the deadline.