суббота, 1 октября 2016 г.

Business loans bad credit: Council

Business loans bad credit: Council

We continue our heading tips on credit and now discuss the "good" and "bad" loans. Yes, yes it happens!


First of all you need to remember - the money that you take, have to give, give more than take, with interest. And it must be clear for yourself to realize what you need the money borrowed. It is good, credit money should work for you and only for you.

Business loans bad credit


So, if you take a loan just to amuse themselves (to indulge every whim, so to speak), it is clearly "bad" credit. He does not bring long-term benefits, but only satisfies a momentary need. Sometimes, after many regret buying on credit, because it turns a large overpayment. So we otnesёm to the "bad" loans, consumer loans, micro loans, POS-loans (loans in retail outlets, but they, too, are essentially consumer), credit card (if you do not fully use the grace period), some car loans ( for example, to buy a car for Ponto).

Business loans good credit


What, then, can be considered a "good" credit? This, for example, a mortgage. Properly take the mortgage (at a reduced rate, on good terms) allows you to get your own apartment (house), which is a good asset. In the long term, more expensive apartments, you feel that you are paying for your own apartment, not the removable housing, it is perceived as an investment in the future.

Another example - a student loan. He is also seen as an investment in their own future, in themselves, in their success (in order to be competitive in the labor market).

Credit for business - is also an option of "good" credit. If properly written business plan shows that the borrowed funds will help to develop new business rates, bringing even greater revenues, the loan money will pay for itself and "create" even more assets.

By the way, here you can carry and car loans are taken in order to use a vehicle for making money (freight or passenger). And it turns out kind of business loan.

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