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Tag: loans

The Most Common Reasons Why Credit Card Applications Are Denied-And How To Fix Them

The Most Common Reasons Why Credit Card Applications Are Denied-And How To Fix Them

Business, Tech
If you've ever applied for a credit card and been denied, don't worry-you're not alone. In fact, about 1 in 4 credit card applications are denied. The good news is that there are usually several reasons why your application may have been declined, and most of them are relatively easy to fix. In this blog post, we will discuss the most common reasons why applications are denied, and how to remedy them! One common reason for denial is having insufficient credit history. If you don't have much experience with borrowing and repaying loans, lenders may be hesitant to approve your application. However, there are plenty of ways to build up your credit history, such as taking out a small personal loan or using a secured credit card. Another common reason for denial is having a low credit sc...
6 Good Reasons for a Personal Loan

6 Good Reasons for a Personal Loan

Entrepreneur & Lifestyle
In the realm of personal finance, personal loans are often shunned and disregarded as inefficient financial decisions. They’re seen as a last-resort choice for the financially irresponsible. Well, the tides seem to be shifting and people are taking a liking to secured and unsecured personal loans. They’re becoming increasingly popular among those who would be considered “judicious” borrowers for their many benefits. There are many good reasons why you might want to take out a personal loan for yourself or your close ones. Take a look at the below examples and see how a personal loan might come in handy. Higher borrowing limits When you compare credit card limits to personal loans, the differences are quickly apparent. The average credit line size for most users is around 6500 dollars f...