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  There are several things that one needs to keep in mind while buying a used car. Here we are taking a look at some of them. While the lockdown slowly lifts, the threat of the pandemic still looms large. In this situation many buyers with limited budgets are opting to buy a used car instead of a new car. By using their own vehicle to commute, they feel safer. However, there are several things that one needs to keep in mind while buying a used car. 1. Type of Car The first step is to identify the type of car you would like to purchase and its availability. If the car you want fits in your budget, you should also visit the dealership and physically check the internal and external condition of the car. 2. Availability of Finance Once you are sure you can afford the car, then you can start looking for finance. Lots of financing options are available for used cars. Banks and other non-banking financial institutions cater to individuals looking to buy used cars. Online car aggregator pl...

  Some new business owners may be too scared to take out a loan, convinced that it is never worth the risk. But if you are prudent and you research and plan, you can get a small loan which will help your business by a big amount. Why do you need a loan? Any lender is going to ask you this question and you absolutely need a good, specific answer. While there are many good reasons to get a loan such as these listed by Entrepreneur, the fundamental reasons are that you are either starting out, need to cover day to day costs during a tight period, or are looking to expand. Lenders will respond to each of these fundamental reasons differently. A business that is starting out will have a more difficult getting a loan than one which has an established cash flow, which means either a higher interest or putting up collateral if not rejected altogether. It may be better to consider alternative funding sources in that scenario. What type of loan do you want? When most people think of loans, w...

  THE Covid-19 pandemic has severely impacted the global economy. Malaysia has not been spared its effects, with many businesses closing permanently while many more struggle to recover to pre-pandemic levels. Some employees have taken pay cuts while others have lost their jobs, with unemployment rates reaching record highs.Even though the civil service has been fortunate enough to be spared similar situations, many are also struggling as the pandemic has caused the price of many goods and services to increase, especially essential items such as food. In addition, personal expenses have also increased as we have to buy masks and sanitisers to comply with Health Ministry guidelines. This increase in the cost of living leaves civil servants needing more disposable income. While most private sector borrowers enjoyed the loan repayment moratorium for six months regardless of their employment status and salary, civil servants with government loans were not offered the same privilege. Fur...

  Credit card offers pop up in your mailbox all the time — but while they can be an easy way to get quick cash, a personal loan may be a better option if you’re in need of a large amount (after all, there is such thing as a credit limit). Personal loans can provide lower interest rates, quicker financing, shorter repayment options, and access to higher loan amounts than credit cards and other types of loans. Plus, personal loans offer lots of flexibility by putting borrowers in charge of how to use the lump sum. To keep your personal finance in good shape, find out loan rates you qualify for using Credible. Credible can help you find an online lender with the best deals so you can save money. 5 things you should use a personal loan for While a personal loan can be used for virtually any reason, there are some top reasons people leverage this specific form of financing. Here are five things you should use a personal loan for. Large purchases Debt consolidation Home improvement proje...

  Lately, more people are looking into obtaining a personal loan to weather the storm created by the coronavirus pandemic. According to the Federal Reserve, the number of nonrevolving debt accounts (including personal loans) increased by 4.8% between June and July 2020. But a shaky economy is also making loan approval harder. Despite the uncertain times, it’s still possible to borrow money via personal loans. Explore your personal loan options via Credible, where you’ll see lender qualifications, rates, and terms. Here are some things you should do as you prepare for the personal loan application process. Taking these steps ahead of time could help save money and meet your financial goals. Check your credit score Know your desired loan amount Compare rates and lenders Prepare all the paperwork 1. Check your credit score This number is where your lender will likely start when they review your application, and it’s where you should begin your preparation work, too. You’re entitled to...

  The total number of personal loans Americans borrowed reached a high of $162 billion during the first quarter of 2020, according to TransUnion. However, the growth rate toward the end of the quarter was also the slowest in more than two years, the credit reporting agency claimed. Getting a personal loan approval could be harder due to the coronavirus pandemic — as lenders get more conservative and raise the credit score requirements on unsecured loans. Credible can help determine if you’d be a good candidate for a personal loan. Just enter some information into Credible’s free online tools and discover what kind of rates you qualify for today. But before you officially start the personal loan application process, you may want to take these five steps to boost your chance of getting approved. 1. Go through your credit report Lenders look at borrowers’ credit scores to help them assess their risk levels. It’s hard to get approved for a loan with bad credit, so you’ll want to check ...

  Personal loans can help you out when you need to borrow money for a variety of reasons. This type of lump-sum loan is paid back in monthly installments over a set term, usually ranging from one to seven years. The amount you can borrow will depend on your credit history, but common offers fall between $1,000 and $50,000 and as much as $100,000. Just like it sounds, a personal loan can be used for personal reasons. With any debt, it’s essential to consider how the payment will impact your finances, but there are many situations where a personal loan may be a good choice. 1. Debt consolidation If you have several outstanding loans with high-interest rates, combining them into one can help you reduce your monthly payment. This is called “debt consolidation,” and it’s one of the most common reasons people take out a personal loan. The personal loan often has a lower interest rate than some of the other debts you may have, which can reduce the total amount you will repay over its term...