3 Tips on Loan Approval with Bad Credit

If you have credit card bills piling up or you are still building credit reputation, then it can be difficult to get approved of payday loans. There are shortcuts to getting loan approval even with poor credit standing or even if you have no credit reputation as of yet. Yes, it can be a challenging feat because lenders will often see you as a high risk client who may be on default and will do the same serial maneuvers once approved of a loan.

If you have been turned down countless times and don’t want to settle for high interest rates, here are 3 tips on loan approval with bad credit:

Apply for a Peer to Peer Loan (P2P)

There are different online platforms which make use of P2P lending. This system has been around since 2005 and is gaining a lot of clientele support because of its convenient system. This practically allows you to borrow money directly from an individual instead of borrowing from a financial institution. It has been popular for years because of its unique streamlined system wherein investors get to yield high income returns while borrowers thrive with low interest rates. This poses a win-win scenario for both parties. On the average, lenders earn around 10.5% in returns while borrowers maintain a low interest rate of about 6.5%. How this works: The borrowers will usually post a listing of the amount they need and why they want to apply for a loan. Investors will review the listings and get to choose the borrowers that meet their respective criteria.

Apply to Credit Unions

This is basically a nonprofit organization owned by members that have something in common like residing in the same area or working in the same company or industry. The earnings circulate around the industry where members are provided low interest rates as compared to banks of other lending institutions.

Ask someone eligible to be your co-signer.

One of the requirements for quick loan processing and approval is a co-signer who happens to have good credit reputation. Ask someone who knows your situation and trusts your ability to repay to co-sign for you. In case a co-signer agrees to assist you with applying for a loan, you should make sure to hold up your side of the bargain because if you default on payments, this will also affect the credit score of your co-signer who helped you out in the first place.

The above tips will help you get back on your feet while you are repairing your credit record. These offer fast processing and approval of loans with less investigation required on your credit standing. Your credit reputation should always be a priority. Aim to resolve or fix your bad credit so you can be eligible for payday loans or traditional loans at low interest rates. Always make it a habit to check your credit reports and correct errors that can jeopardize your credit scores.

Facts About Annuity Settlement

This is mainly an agreement in which the firm pays a certain amount of money to the beneficiary for a particular period of time, this payment is made to the beneficiary in the form of installation, the documents that are needed for this transaction includes; annuity application and policy, also assignment and agreement form. Payment that is made from annuity settlement is free from tax, there are four provisions related to annuity that you need to consider before you get started with these financial settlements. An annuity settlement or a structured settlement uses annuities as a mode of compensation. However they have a basic difference. A regular annuity is a result of an investment or retirement option, whereas a settlement is a result of an injury or insurance settlement.

The first thing is straight life, there are various facilities you can enjoy with the help of this program such as lifetime income, large payment related to various settlement options, receiving particular payment throughout your life, also we have Straight Life with certain period; this is mainly for a particular period in which the provider provides a particular payment to the beneficiary, You can easily make payment throughout your life with the help of annuity settlement. It simply provides extra security to the beneficiary. The only disadvantage that is associated with the annuity settlement is that it offers a low periodic payment. We also have a refund straight life; this simply means that the benefits are completely associated between the amount and the purchase price of the annuity. Lastly we have joint and last survivor; this simply means that the joint payments are simply provided on the basis of any two persons. If any one party passes away, then the other survivor can simply receive the annuity settlement.

Gagan Narang Transition to an Olympic Medalist

India’s performance at the 2012 Summer Olympics held in London was what one would call ‘mediocre’. We took home six medals of which, four were bronze and two were silver. Compared to the total tally of China and the United States, ours would most probably amount to nothing, but then again six medals are definitely better than zero medals any given day.

The very first medal India received at the Olympic Games came from Gagan Narang, a shooter who won the bronze medal, also known as the third prize, in the men’s 10 m air rifle event. The other shooter that India sent along with Narang, Abhinav Bindra, failed to qualify for the semifinals. He had secured the bronze by a hair’s breadth, with a final score of 701.1. Though his performance at the Olympic Games was below his personal best, he did win the country its third shooting medal in Olympic history. When asked about his sentiments regarding the win, he admitted that though he was slightly disappointed at the outcome, he is enthralled at being known as an Olympic medalist here on out. Stands to reason, since being an Olympic medalist comes with its own perks, especially with in the country. Besides the two crores and twenty lakhs he received as cash prize, he was also awarded two kilograms of gold by Sahara India Pariwar.

Ever since his first brush with the rifle at the age of six, he has honed his skills to claim a number of plaudits and awards. Even though an Olympic gold is missing, Gagan Narang profile is replete with gold medals won in other tournaments. He is a gold medalist in the 2003 Afro Asian Games and the 2006 World Cup. During the 2006 Common Wealth Games held in Melbourne Australia, he won four gold medals. He repeated the same performance at the 2010 Common Wealth Games held in Delhi where he not only collected four gold medals but also set up a new record of a perfect 600 in the Men’s 10 m air rifle singles event.

He has won gold in between, at the 2008 World Cup in China. During the 2010 Asian Games, he got the country two silver medals, on the opening day of the Games itself. In 2010, he was conferred with the Padma Shri title for his outstanding achievements in the sports field. In short, It pays to be an Olympic winner, even if it is bronze medal one.