Personal Loans

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Here Are 4 Tips That You Can Use To Increase Your Net Income

Finance, Loan

Here Are 4 Tips That You Can Use To Increase Your Net Income

It is the dream of most Singaporeans to achieve a higher level of personal income. If you are a resident of Singapore, there will probably come a time when you will need to have more money. Rather than apply for unsecured loans, it will be more advisable to look for other ways of boosting your income levels.  The following are some personal finance tips that will help you to improve your income levels as well as acquire better financial control. Get an extra source of income  In Singapore, there are numerous ways in which you can generate additional income. One common strategy is to engage in freelance jobs over the weekends or when you are not at work. Some of these freelance activities include photography, writing, tutoring or even blogging.  These are all activities that you do in your free time to generate an additional income. Depending on the kind of business that you choose, you can multiply income quickly. For example, some bloggers are known to make substantial amounts of money. Choose a suitable credit card Even though credit cards are known to have a very high APR variable, they also have some benefits. Having a massive amount of…

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The Main Reasons for Refusing Loan

The reasons for refusing a loan can be conditionally divided into standard and non-standard ones. The former ones depend on the borrower, his or her past credit behavior, current financial and career situation, and are influenced. The latter are independent, and at first glance, they may even seem random. The borrower cannot influence them in any way. Standard Reasons for Refusing a Loan The presence of late payments and other negative information in the credit history. If you are not paying the loan to another bank now, the new one will not approve the loan. Or you have had experience with large arrears recently, a personal loan Singapore will also refuse you. Even if you have successfully closed a debt, it takes time for delays to influence the decision to give a new loan.You have a small income or you cannot verify its source. Everything is simple here. To be sure of repaying the loan, the bank should see you have a stable and high enough income to pay it back. If you don’t have it or can’t confirm it, then you will be refused in giving it.Information about the employer. Also, the stability of your income depends on the…

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