Category Archives: Personal Finance

Is It Possible to Get A Personal Loan with Bad Credit? Understanding Your Options

If you have bad credit, you may be wondering if it’s possible to get a personal loan from a bank. The answer is more complex than a simple “yes” or “no”. In this article, we’ll help you understand if it’s possible to get a personal loan if you have bad credit – and the other alternatives that may be available to you.

Getting A Personal Loan with Bad Credit Is Usually Very Difficult

Bad credit usually will prevent you from getting a personal loan – at least, at the majority of traditional banks and credit unions. Why? Well, it’s simple. Your credit score determines your lending risk. To simplify things dramatically, a low score means that you have a history of failing to repay your debts. A high score means that you rarely – if ever – have had trouble repaying what you owe in a timely fashion.

Lending risk is very important for personal loans, even compared to other loans like mortgages and auto loans. This is because personal loans are unsecured. Unsecured loans are issued without any kind of collateral. This means that, if you default on the loan, the bank has very few options to get their money back.

This is in contrast to a secured loan, like a mortgage or a car loan. If you default on your mortgage or car payment, the bank can take your home or your car, and recoup most of their money. To boil all this down, what this means is that individuals with a bad credit score (600 or less) will have a tough time getting a traditional personal loan. There is no collateral to secure your loan, and because you have a high risk of not repaying, you’ll either be denied outright, or have to pay a very high interest rate.

What Other Options Are There for Getting an Emergency Loan with Bad Credit?

If you really need an emergency loan with bad credit, there are a few options that you can use.

  • Payday loans – Payday loans typically have high fees compared to bank loans. However, they are easier to qualify for, as you can usually get payday loans online with any credit score, as long as you are employed and have proof of income.
  • Home Equity Line of Credit (HELOC) – If you have a mortgage, you can take a loan out against your home equity. You can usually do this even with a sub-par credit score, because your home’s equity works as collateral, securing the loan.
  • Credit card cash advances – Most credit cards allow you to take out a cash advance against your line of credit. However, these carry high APRs, and you will have to start paying interest on them as soon as you take them out.
  • Merchant cash advances – If you run a business, a merchant cash advance may be an option. A merchant cash advance uses your credit card sales as collateral. You get a lump sum loan, and the lender gets a set percentage – usually 3-10% – of your credit card sales paid to them each day, until the loan and its fees have been paid off.

Know Your Options for A Loan with Bad Credit

While it is possible, it’s not easy to get a traditional loan with bad credit. So, make sure you understand what other options you have, and you’re sure to make the right choice for your particular situation.

The Best Customer Acquisition Strategies for Your Business


There is nothing as good as a customer leaving a positive comment about the business, product, or service you offered. As an entrepreneur, the primary goal should be how to reach the client.

Then, the strategy should be extended to winning the client, making him/her buy, and converting to roving customer to sustain high profits. The following are the top strategies that have worked in other top enterprises and, that you should also try.

Utilize different marketing forums

Forum marketing involves taking parts in different events where people talk about brands, products, and services. In many cases, the forums attract experts and top professionals who are trusted in specific industries and command huge following.

For example, a tech forum in an offshore target destination of interest could be a perfect place to market your enterprise and its products.

When you participate in such forums, a lot of people will know about your brand and become clients. Such forums will also be an opportunity to help you join the conversation to educate the audience about your products.

Craft unique partnerships online

As you work tirelessly to craft great strategies at all levels, things will work even better if there are other people working to help roll the wheel. Some of the top entities to rope in at this point are the influencers who command a lot of following.

These are personalities who are considered leaders in the industry and, their endorsement could help raise the sales to record high. Though such affiliates do not work for free, they might be the spark you need to fire the business to the next level.

Utilize online and offline marketing

Marketing is a very expensive undertaking. The focus at this point should not be simply cutting the budget.

Rather, you should target using methods that work and allow tracking the success. To win a bigger market share, it is better to use both online and offline methods.

Networking acts as a funnel that channels all clients from cooperating entities. Note that the cooperating entities will also require you to replicate by recommending their services to clients.

Are you a fan of online casinos? Now you can make money while having fun!

When you visit online Canadian casinos, the general idea is you have some fun, right? Well, why not earn some money while you’re at it! With only a few tips, you can learn to make extra money with each game you play. All you need to do is make use of a strategy when entering the amazing world of virtual casino gaming. Nektan add even more games to their white label, so there are lots of places you can play these days. Have a look at the following tricks to help you combine work with pleasure.

Know the difference between luck and skill

Online casino gamers are still in high debate over games either being luck-based or skill-based. In order to make money from a certain game, you need to know what the difference between a luck game and a skill game is. A luck game is usually a game where you play against the casino. The casino will have the long edge and will ultimately win most times. Although it is possible to make money by making use of pure luck, the risk of losing it all is large. However, when you play a skill-based game, a get to compete against other gamers and by making use of your gaming skills, you can get the higher edge, giving you more wins and more money. With that said, rather game with skills than luck.

Play the games you are good at

When gaming at an online casino, you will be introduced to a wide variety of games you might have never heard of before. If you are serious about making money, you need to stick to the games you know. Perhaps you are an expert Poker player or Rummy player. You know the rules, you have learned a few tricks and you are confident in beating your opponent. Should that be the case and you can make use of your skills, it would be a great choice to make some money while playing a game you are good at. However, there is nothing wrong with trying to win something at a game you are not familiar with. A rule of thumb here though, is not to bet huge amounts of money on the game until you know exactly how the game works and what the payout rules are.

Slots machines

Playing slots machines is one of the easiest ways you can make money as you don’t really need a specific set of skills in order to win. Although some slots may take a while to pay out, with some strategic thinking, you can still walk away with the jackpot! Many progressive jackpot machines offer huge rewards and if you manage to make the screen light up with all symbols showing the same icon, luck is on your side. Yes, slots machines are generally seen as a luck-based game as you have no control over the symbol combination. But none the less, slots machines are one of the top choices when it comes to winning big.

Bonuses, rewards and promotions

One very simple tactic online casino gamers can follow to maximise their chances of winning is making use of rewards, bonuses and promotions. Each online casino has its own reward system and it is up to you to find the one with the most handsome ones. When you sign up at a casino, you will be rewarded with free spins at slots machines, cash back on your deposits as well as other enticing features. These rewards will help you get an even better advantage of winning some big bucks. Casinos also offer weekend and month-end promotions such as topping up your account. That way, you can have extra tries at games that will potentially make you much richer! However, make sure the casino lives up to its promises when offering cashback or deposit bonuses.

While taking the above-mentioned tips into consideration, the notion of making money while relaxing is a great way of mixing business with pleasure! There is no way for you to actually “beat” an online casino game, but with a strategy or two up your sleeve, you can increase your chances of walking away with a bulging wallet much greater.