Connect with us

Money

How to get Loan with Bad Credit: 5 Surprising Ways

Published

on

ways-to-get-loan-with-bad-credit

One of the most important metrics a lender uses before lending money is the borrower’s credit score. Whether you are applying for loans or credit cards, a poor score can lead to rejection. In fact, 21% of Australians were denied credit cards because of a low score.

If you are going to apply for a loan, your credit score will be a major factor in determining whether or not it gets approved.

However, it is not easy to ensure that you have a high score because it requires a combination of money management and a steady cash flow. This makes it important to know some ways to get a loan approval despite a low score. Here’s how you can do that:

1. Broaden your search horizon

Various lenders have different cut-offs for the credit scores they require to grant a loan. Some lenders tend to have a very steep credit score requirement while some can be a bit lenient and have lower requirements.

For people with low credit scores, it is critical to widen their search horizon for lenders. You can’t simply look into the requirements of a couple of lenders because, in all probability, their credit score requirements will be more than what you have. The more lenders you look into, the better your chances will be to find someone who is offering loans for the score that you have.

However, you need to make sure that you look only for reputed and credible lenders like https://www.greatsouthernbank.com.au/ and not fall for shady organizations.

2. Have a conversation with your lender

Your bad credit score can be a thing of the past. You might be in a better position financially now than you were sometime back. Your income can be more stable or your salary higher.

Whatever the case, if there is improvement in your finances, you need to provide proof of it to the lender you are approaching. If the improvement is genuine and sustainable, there is a better chance of your loan getting approved despite a low credit score.

You can even have a discussion with your previous banker from whom you had borrowed a loan as they can arrange for better financial terms for your loan even with a low credit score.

3. Opt for secured loans

Unsecured loans like personal loans and credit card loans are the hardest to get with a low credit score. There is a high chance that your request for an unsecured loan will get rejected.

On the other hand, lenders are much more likely to approve a secured loan. When there is enough collateral attached to a loan, the lenders would not mind a low credit score as they can make up the money if it isn’t paid back. Your request for a secured loan is much more likely to get approved.

However, be sure that you carefully analyze your financial situation before attaching collateral. Only if you are sure that you can repay the loan should you go for collateral otherwise you can end up in a lot of trouble.

4. Apply for a joint loan or add a guarantor

A great way for someone with a low credit score to get their loan approved is to apply for a joint loan. Get a trusted person like your spouse or someone else with a good credit score to apply for a joint loan with you.

This increases the chances of your loan getting approved by a lot as the other person’s credit score will reassure the lender as they too become liable for loan repayment. Adding a guarantor with a high score is a great way to get approval for your loan.

5. Go for a smaller loan amount

There is little chance of your loan getting approved if you are asking for a large amount. The creditor wouldn’t feel comfortable lending you a large amount owing to your low credit score. What you can do, instead, is to apply for a smaller amount. It is much more likely to get approved.

Payback the amount in time. Repeating this process several times will go a long way in improving your creditworthiness. Soon, it will become good enough for you to apply for a loan of a larger sum.

Trying to get loan approval with a low credit score can be a difficult task but if you follow the tips above, you should be able to get an approval.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

How to Sell Feet Pics to Make Money

Published

on

how-to-sell-feet-pics-to-make-money

Selling your selfies might seem like a creepy proposition. But in reality, it’s a great way to make money – even if you feel uncomfortable with the idea. Feet pics are a niche where there is demand and not much supply. And because of this, it’s a great opportunity to make some cash from taking photos of your toes. Whether you have big, red toenails or simply like painting them that way, we all appreciate seeing attractive feet. This means that there are many people who would pay to see pictures of someone else’s feet. You just need to know how to sell them for the best price possible! Selling feet pics isn’t as weird as you might think and you don’t need to become some sort of porn star in order to do it. There are so many places on the Internet where these images can be sold for decent money. Let’s take a look at some of your options…

Tips for Taking Great Feet Photos

There are a few things you can do to make your feet photos more appealing to buyers. Firstly, make sure your feet are clean. This might sound silly, but it has to be said! Nobody wants to see grimy feet, and you’ll have a much better chance of selling your images if they are nice and tidy. Secondly, you should wear nail polish if you want, but try to avoid brightly colored toes. This is mainly because most people want to see natural, unaltered feet. They don’t want your feet to look like a rainbow, but some people do want to see a bit of color on your toes. You should also pay attention to your surroundings. Make sure that the place where you’re taking these photos is nice and clean. Nobody wants to see your messy room in the background of your photos.

Smiling Feet Pics

This might sound weird, but smiling while you take your photos can improve their attractiveness dramatically. This is especially true if you have nice teeth. Smiling while you have your feet in the frame makes the photo seem friendlier, and people are more likely to want to buy your image if they think you’re a friendly person. There’s no need to be overt about the smile, but make sure to have it in the photo. This small change can make a big difference in the attractiveness of your images.

Foot Selfies

If you’re taking selfies, you might want to try a few different angles. Try taking selfies from different heights, paying attention to your background as we discussed above. Make sure that your feet are in the shot, but don’t try to keep them at a 90-degree angle to your face. One of the best angles for selfies is to put your phone on a table, then put your feet on the table as well. This way, your feet and toes are the focus of the photo and make the image much more appealing.

Foot Fetish Pics

If you want to sell foot fetish photos, you need to make sure that your feet are clean. Take some time to trim your toenails and make sure that they are nice and tidy. Nobody wants to see black, crusty nails on their screen. You should also try to wear open-toed shoes when you’re out in public. It’s best not to have people see you with your foot in their face.

Conclusion

If you have attractive feet, you can make money by selling photos of them online. While some people might think this is a strange thing, others are willing to pay to see more of your toes. If you want to take advantage of this opportunity, make sure that your feet look their best. Keep them clean, wear open-toed shoes, and try out a few different angles for your photos. Finally, remember that foot fetishism is a real thing that people pay for. So if you want to make money from your feet, you will likely get lots of requests for photos. Be prepared for this, and find a way to balance your foot fetish work and other interests.

Continue Reading

Money

10 Things You Can Sell from Home to Make Money

Published

on

things-you-can-sell-from-home-to-make-money

Are you looking for an independent way of making money from home? Starting an online business is challenging for people as this side hustle requires a lot of time and energy.

But selling things from the comfort of your home is an excellent way to generate a passive income. But what are some of the best things you can sell from home?

We have come up with ten things you can sell from home to make money. These ideas don’t only let you declutter but also help you make ends meet. So here is a detailed guide to making money by selling things from your home!

Best Things to Sell to Make Money

There are endless possibilities of what you can sell from home to generate extra cash. With hundreds of online startups, finding online marketplaces for selling random objects from your home has become more accessible. Let us look into the ten best things you can sell to make money!

Computer Accessories

The online business models required many people to purchase monitors, keyboards, mice, and other computer accessories to boost their work efficiency.

But after the pandemic, people have switched to in-office jobs. As a result, things have gradually returned to normal, but many people have stacked computer accessories at home.

Offices constantly need to upgrade their accessories to provide their workers with better equipment. If you have extra computer accessories that are no longer in use, you can start selling them online!

All you have to do is take high-quality pictures of the computer accessories, upload them on sites like Etsy or eBay and wait for buyers to make a purchasing request.

Outgrown Baby Equipment

If your child has outgrown the baby equipment, it is time to sell the used baby gear, furniture, bikes, clothing, and old toys online. You can post pictures of the baby equipment, price them, and wait for buyers to contact you.

You can join Facebook groups, craigslist, and eBay to sell outgrown baby equipment. These sites have their pros and cons. You can conduct thorough research to know what will work best for you.

Clothes Including Used Lingerie, Panties & Socks

Some online marketplaces are the best choice whether you want to declutter or sell your outgrown clothes. For example, you can sell gently used clothes on Poshmark, Etsy, eBay, etc.

Some sites let you exclusively sell used toys, shoes, socks, panties, lingerie, etc. You can simply create a store and start interacting with buyers.

Sites such as Sofia Gray, Sniffr, and Pantydeal let you make a profile where you can post pictures of your used panties and lingerie and price them.

Buyers can make a purchasing request and send you money via online bank transactions. Some buyers even request you to perfume the panties.

You can charge more for accepting such requests. This way, you can easily make money by selling used panties from the comfort of your home. Besides this, you can sell your old T-Shirts, band merchandise, or any piece of clothing you no longer use.

Home Decors

Home decor items are profitable products. For example, if you have an old decorative item, you can take a picture and upload it on various sites that let you sell used items.

You can also sell birthday, anniversary, or other celebratory items such as fancy ribbons. Besides this, people love to shop during the holiday season.

If you’re going to put up a new Christmas tree, it is time to sell your old tree on an online site! Such home decor objects can help you earn extra money.

Arts and Crafts

If you’re creative, it is best to advertise your paintings, sculptures, or DIY objects. These are perfect items to sell from the comfort of your home. However, some trending arts and crafts, such as crocheting and embroidery-related work, can get you a higher price.

You can use your skill to make trendy pieces and advertise them on sites such as eBay, Etsy, etc. You can also join crafty Facebook groups to upload pictures of your arts and crafts. This also includes selling paintings, photographs, frames, painted vases, etc.

Old Furniture

One of the best ways to declutter is to sell your old furniture. If you have old furniture stored in your garage or backyard, it’s time to take pictures and post them online.

You’d be surprised to know how many people are looking to buy used furniture. You must thoroughly clean the furniture, take high-quality pictures, price it, and wait for buyers!

Old Books

Do you have an extensive collection of books collecting dust? You can free up space by selling these books on various sites. For example, you can set up an online store for selling used books and price them accordingly.

Once a buyer contacts you, you can ship the books and receive an online payment transaction. Moreover, if you have a collection of series such as Harry Potter, you can sell them in bundles to earn extra cash!

Outdoor Appliances and Tools

If you have extra yard tools and appliances, you can fix them and sell them online. It will help you declutter and earn you some extra money.

This idea works in seasonal changes. For example, in the summer, you can sell your snow shovels, while in the winter, you can sell your lawn mowers to make money from home quickly.

Gym Equipment

During the pandemic, many people started working out at home. If you have also bought gym equipment that is no longer in use, it is time to sell it.

You can sell gym equipment for a good profit. You must thoroughly clean the equipment and ensure the safety standards before you ship out the products.

Old Electronics

People frequently upgrade their electronics. So, for example, if you have upgraded to a new smartphone or a laptop, it is time to sell the old ones.

You can use various sites for selling used gadgets. For example, Etsy, eBay, and Gazelle let you advertise and price your used gadgets.

Then you can receive the payment via PayPal or other payment options the sites incorporate. These products can let you earn a decent profit.

Moreover, they have a vast online market. Therefore, selling tablets, phones, headphones, and laptops is easier.

Conclusion

There are numerous ways to make money by selling home objects. Sometimes, you must think outside the box to have excellent money-making options.

For example, selling your used clothing, lingeries, and panties is an out-of-the-box idea but helps you generate passive income.

Besides this, many people use adult-friendly websites to sell customized content, including selling nudes, video clips, and audio clips. These are fantastic ideas for making passive income. You don’t have to work on the product or go out of your way to clean and package the product.

Such ideas will help you earn extra cash immediately. All you have to do is set up an online store, advertise the products, and wait for a buyer to make a purchase.

Continue Reading

Money

How to Prepare for a Financial Emergency: Your Loan Options

Published

on

how-to-prepare-for-a-financial-emergency-loan-options

Sudden financial emergencies can instantly leave a person feeling taken off guard and vulnerable. A sudden shift in your financial situation, whether it’s a loss of income, medical bills, or emergency house repairs, can be very stressful.

Even the best financial planning and cash management abilities won’t save you from unforeseen payments that far exceed your monthly spending allowance. So, here are some loan options to consider when preparing for a financial emergency.

Personal Loans

A personal loan provides funds in the form of a lump sum that is repaid in monthly payments, and along with paying the initial amount, you also need to pay the interest and fees. They can be used for almost anything, including vacations, weddings, home renovations, and emergencies.

And borrowers with good credit can get the best personal loans with low-interest rates and various repayment options. So, if you’re considering getting a personal loan in preparation for a financial emergency or when you need money right away, look for reliable lending sites to apply for one.

Payday Loans

Payday loans are short-term loans that allow you to borrow small sums of money, such as a few hundred dollars. Payday loans, for instance, have extremely short repayment terms, primarily within two weeks or by your upcoming payment period.

However, payday loans are widely regarded as predatory due to their exorbitant interest rates. Thus, payday loans are ideal if you, as a borrower, require small sums of money and can pay back the debt within a short period.

Credit Card Cash Advances

When used responsibly, credit cards can be valuable tools in an emergency. The cash you can borrow is your card’s limit percentage or a fixed maximum number.

And since the cash advance is linked to your existing card’s credit limit, no additional credit check is required. In addition, credit card advances are ideal for cardholders that already have active credit cards in excellent condition and need only a small loan.

Title Loans

A title loan is another emergency loan that allows you to get cash quickly. You may be eligible for a title loan without requiring a strict credit check.

It’s a secured loan that uses your vehicle title as collateral, and if you don’t pay back the loan by the end of the loan term, the lender has the authority to seize your vehicle to settle the existing debt. It’s one of the best loan options if you wish to prepare for a financial situation that needs immediate funds.

Pawn Shop Loans

A pawn shop loan is a secured loan backed by collateral, the item you bring in and leave with the pawnbroker. And while the sum you can borrow from a pawnshop depends on the item you use as collateral, the broker is likely only to offer you a portion of the item’s total market value.

Pawnshop loans mostly appeal to individuals who cannot obtain a traditional loan. So, if you cannot apply for a conventional loan, you can try a pawnshop loan whenever you need it for a financial emergency.

Small Business Loans

If you’re a small business owner or entrepreneur, you may borrow to fund your next business venture or to keep your business running. Besides, small business loans are available from credit unions, banks, and online lenders.

Small business loans are available to businesses such as hair salons, restaurants, and freelancers. So, if you’re one of them and in a financial emergency, you should consider small business loans.

Debt Consolidation Loans

Debt consolidation allows you to simplify your payments by submitting an application loan to pay off your debts, leaving you with a single monthly loan payment. And to get a debt consolidation loan that lowers your expenses, you must shop around for an interest rate lower than your credit card or existing loan.

You’re also much more eligible to qualify if your credit has improved since your last loan or credit card. When you’re eligible, your lender may pay your debts automatically or you may have to do it yourself.

Credit-Builder Loans

Credit-builder loans are small short-term loans taken out to assist you in building credit. Unlike traditional loans, they do not require excellent credit to qualify because they are marketed to people with no or limited credit.

You can find a credit-builder loan in credit union lending circles, online lenders, and Community Development Financial Institutions. A hidden benefit of credit-builder loans is that when the loan is paid off, you receive a lump sum of money that you can use for a large purchase or supplement an emergency fund.

Final Thoughts

It’s a difficult pill to swallow, but financial emergencies can happen anytime. While saving for the best times in our lives is important, it’s also essential to plan for the worst. That way, you ensure you are prepared for a financial emergency in the future.

Continue Reading

Trending