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  We all have heard that having a good credit score is essential for getting easy approval on a loan. It could play a vital role in making the financial picture a perfect one yet there are so many misconceptions regarding it that affects it. Speaking of taking an instant personal loan online paperless is what anyone in a financial need would prefer. But getting that is bound with some clauses. A credit score is one of them. Also, people looking forward to borrowing a loan get confused with a few myths. Here is the truth behind the 5 most common myths people have regarding credit score. 1.    Myth: Checking credit score lowers it. Reality: It’s not true. Checking for credit score does not lower the score. It may be that people are doing it just for the sake of awareness. Though, checking for a credit card and applying for it can pull down the credit score yet temporarily.   2.    Myth: One only has 3 credit scores. Reality: Any person usually has 80 credit scores which are way more tha

  Personal loans are the most convenient method in today’s time to seek financial aid in need. Easy application, digital documentation, fast approval, and instant disbursal of the borrowed sum are its key features making it most popular in the market today. Despite being an easy option many people come across a situation when they face rejection on their application for a personal loan. Rejection of the application on an instant personal loan due to a bad credit score is most the common reason among many. But many other factors decide the approval as well as the rejection of the personal loan. What are these reasons and how could we stay safe from them is discussed thoroughly below.   1-     Credit score : Instant personal loan on bad credit could be a challenge while borrowing. Bad credit may also increase the time taken in approval of the loan because the lender cross-checks every possible grounds before the disbursal of the loan. To have a sound credit score the best way is to have

When a thought about a loan strikes our mind, the first thing that appears in our mind is the repayment. Most financial institutions give out instant cash loans in 1 hour to ensure that repayments are done in the form of monthly EMIs and at regular time intervals. Your monthly EMIs are calculated based on how much amount you have borrowed. A combination of factors such as your income, credit score and repaying capacity shall also help in determining your EMI amount because if not properly planned, these EMIs can be stressful! So, let us decide on a checklist that can help you plan your monthly EMIs with an instant cash loan: Prioritize your loans - Due to the convenience and easy access to loans, you might even consider applying for an additional loan. Hence, it becomes important to prioritize your loans in order of monthly EMI amount owed, interest rate, the time period for repayment, etc. Sort your loans to clear off the loans with higher interest rates, first! If high-interest rate

We are living in a world of uncertainty, where the money is considered as the fuel of life. You can have an emergency anywhere and anytime and availing an urgent cash loan is the best solution. But what if you have a bad credit history? Your lender will avoid you and do not approve your loan! But don’t worry, you can still get a loan, even with a poor credit score. What is a Bad Credit Score? Bad or poor credit score can be a result of the poor management of your loan payables. This can be due to any of the reasons mentioned below: If you have missed your recurring payments on your credit cards If you have missed any late payments on your credit cards Subjected to too many hard enquiries Foreclosure Any settled account or written-off loans Tips to Help Improve Your Credit Score Having a bad credit score can put you in your lender’s bad book, and any future application with your lender will get rejected. In this blog, we shall discuss some methods that can help you qualify for an urge