Monday, 23 March 2015

The Cathford Group Credit Inc.: 5 Tips when applying for a personal loan

We've all been there -- wanting to fund that overseas vacation since forever but can't seem to find the money for it. Here's where a personal loan comes in handy. Taking a personal loan could be a good option since it does not require you to have any collateral (e.g. car, house, etc.) that can be lost in case you default. But precisely because of that, lenders will charge a higher interest rate as a sort of guarantee.

To guide you in applying for a personal loan, here are five basic tips from The Cathford Group Credit Inc.:

Know your credit report. A primary factor in determining if your loan would get approved is your credit score. All lenders would definitely consult your credit report when deciding if you're worthy to borrow, and how much interest rate to charge you if so. It will benefit you to get an idea of your credit standing so you should request for your credit report and make sure it has accurate and complete information. This will prevent all kinds of hassles in the future and will also let you know just how much interest rate you can be eligible for.

Decide how much you need. Your chances of getting approved are higher if you apply for as little amount as possible (based on your income). For instance, if the amount you ask is significantly lower than your current income, your lender might be willing to make considerations even with a low credit score.

Decide how much you can pay. You should decide early on just how much you can afford as monthly payment once the loan goes through. When you've calculated this, ask your lender for a payment plan where you can return the money in as little time as possible using the monthly budget you've determined.

The Cathford Group Credit Inc. warns that you should be aware of repayment penalties that might be included in your deal. Some lenders could have this penalty fee for when a client pays off the loan early so make sure the loan you're getting doesn't have this.

Be honest. When a lender tells you they do not require papers as evidence of your actual income, there's a big tendency for you to overreport. It is not only advisable to be honest in reporting your income, it is imperative. Claiming an income which you cannot support with valid documents is a sure-fire way to get your loan denied and has the potential to land you in jail. Always make sure you provide all the necessary documents, even when you think it won't improve your chances of getting approved.

Don't push your luck. Sometimes, people would apply for a personal loan that they're aware they won't get approved for -- you know, just to try it. Aside from the fact that there's a lot of effort involved betting on this wishful thinking, it can also make things difficult for you when you apply for a loan for real. See, every single time you apply for a loan, it gets included in your credit report. But things won't get bad until an application gets rejected -- your future lender will ask all kinds of questions regarding that and will make them see your credit standing in a bad light.

Monday, 9 March 2015

The Cathford Group Credit Inc Tokyo Loan Review Tips: Tips on Handling Money Wisely

The Cathford Group Credit Inc. - Remember that movie with Will Smith in it: The Pursuit of Happyness? Many of us can relate with the feeling the character had in being jobless and penniless. The sense of powerlessness can be totally depressing and energy-sucking. On the other hand, people who have no money shortage tend to be sociable, confident and level-headed, as opposed to commonly lonely, diffident and irritable “poor” souls. This holds true in many cases that we know, if not from personal experience, at least from our close relations.

The National Foundation for Credit Counselling in the US did a survey which showed that almost 80% of people claim they lose sleep from money problems over other issues such as their marriages, kids or job security. It seems, therefore, that those many sleepless people in our midst comprise a big bulk of unhappy families.

In general, we agree that genuine happiness does not come from our material possessions but in the intangible things that truly matter in life. However, being able to handle money wisely can add much to the level of contentment and confidence that people have in life.

Understanding the principles that govern the dynamics of money would greatly enhance our capacity to maintain a meaningful and comfortable life. But handling money requires knowing several powerful tips you can learn to develop, namely:

Unlearn bad habits through the power of self-forgiveness. Habits have a great influence on how we control money. Our early home-and-school training somehow predetermined our ability to make money work for us.

Many keep falling into the financial trap of overspending or borrowing to purchase lavish stuff because we learned it from someone close to us or someone we know in the past. Once it becomes a hardened habit, we will find it hard to escape the vicious cycle.

What to do then? Forgiving yourself for your failures is the way suggested toward reversing this trend in your life. It is the proper way of dealing with the guilt that emanates from the bad habit. Sacrificing instead of always looking for the easy way out can break that cycle of emotional and financial slavery to your weaknesses.

Know how you behave with respect to money. Our early years, especially our formal education, molded the way we think and act in relation to other people and material things. Even the kind of music we listen to, sing or download online is controlled by the upbringing we had as well as the environment we lived or live in.

Getting to know how you handle money will help you understand yourself more. With a clearer appreciation of how money affects you, you can learn to control you tendencies in order to benefit you financially. Perhaps, some of your habits or patterns of spending and borrowing can be traced to past experiences which were stressful. Knowing that you now have enough experience to control your emotions, you can then adjust and create a better way of handling money so that you do not end up in the same rut as before.

Knowing yourself, as the wise Marcus Aurelius said, is the key to defeating the worst enemy you have, which is often no one else but yourself. “Conquering yourself” should be the better motto to keep from now on.

Seek professional help if nothing else works. A financial counsellor has the experience and ability to help you understand how your financial habits are influenced by your emotional conditions. Possessing positive money habits can be developed as we can see in some cultural environments which engender respect for and skill in handling money beginning in childhood.

Yet, the best way to develop good money habits is learning from those who have the experience of creating wealth – the business-people. They are the ones who spend their whole life making money and making it grow to benefit not just themselves but others. Perhaps, for most people, bad money habits may have come about not just from lack of discipline but lack of appreciation as to what money can do for themselves and to others. Spending money unwisely may have come about because it was earned without effort early in life.

Going into business and “making hard money” may be the only way for many of us to finally appreciate the real value of money – not its worth but what is can do to better people’s lives.The feeling of being debt-free can be truly liberating. But it comes with seriously considering the above steps toward setting yourself free of the negative and unproductive thoughts and attitudes we have with respect to money.

In the end, happiness does not depend on having so much money; neither are your troubles due to the lack of money. We make ourselves happy by how we deal with what we have and what we do not have.


The feeling of being debt-free can be truly liberating. But it comes with seriously considering the above steps toward setting yourself free of the negative and unproductive thoughts and attitudes we have with respect to money. In the end, happiness does not depend on having so much money; neither are your troubles due to the lack of money. We make ourselves happy by how we deal with what we have and what we do not have.