It used to be if you had bad credit and a low credit score, if you tried to get a loan, you were simply wasting your time, as the loan would be rejected.
They say there are a few things in life we can count on, death and taxes.If you are in the banking or financial industry, you can also count on loans and lending. Loans and lending money out, and also people paying money in, are the foundations of banking.
Buying a property and getting on the property ladder is a momentous time in a person’s life.You have saved for the deposit, found the perfect house or flat, applied for and were approved for a mortgage, and then comes moving day, and you making a property a home.
Everyday there seems to be a new word or term for something. Sometimes it is a new word or term for something old, that has been around awhile.
We all have at some point have picked up the post, and there amongst the bills and circulars is a notice from a bank or loan company that we have been pre-approved for a loan of £500, or £1,000, or £5,000, and all we need to do is to post the card back or phone them to get our money.
In some sense of the word, we are all investors.We invest our money in something, or invest something we have, in something. It may not be money, but possibly time.
It doesn’t mater if you are a sole trader, owner of a large company, a Director of a company, or even just an employee, and there is no such thing as just an employee as all employees are important.
In this day and age, the age of the Internet, digital this and digital that, it would seem having a credit card is almost a necessity.
What a good feeling it would be if you could save money, and at the same time be doing something that benefits Mother Earth.
If you know the world of personal finances today, our credit scores and credit histories are important, and not just in getting a loan .