What You Should Know About Vehicles This Year
How to Consolidate Your Savings and Expenditures
Sometimes, going through that ordeal when you need cash and your loan application has been turned down, can be exasperating, but, nevertheless there are financial tips, which if taken seriously, can most probably solve your financial woes.
Sell Your Collection or Other Items
If you are a collector, then it’s time to turn these collectibles into cold cash. Even if you get emotional parting with your collections, selling them is a better decision than getting into trouble financially. It’s either you look for private buyers or go to auction websites where you can select sites which sell memorabilia like you own collections. Once you have decided on a good site, there are fees to be paid, either a listing fee or commission if your items are sold. Try working on your other items as some people might have interest on them. Some online companies are putting premium on items, like wine corks, toilet paper rolls, broken electronics, and even hair.
Get Cash by Selling Your Car
For as long as you can manage without your car, then by all means put your car into auction and raise your cash level. The advantage of selling your car is that you save on road tax, insurance and fuel, aside from earning outright the cash value of the car. You can choose the option of selling your car through companies that offer scrap prices for old models or you put your car on auction at an online auction website.
A loan rejection is not necessarily the end of it, you can still look for other loan providers who are just as willing to loan out at a higher rate than that from the bank. Just be sure that you have weighed carefully the terms and conditions of the loan provider, including the interest rate.
Tap Your Assets
Try tapping on some of your investments and find out if you can liquidate them. You can liquidate your life insurance by tapping the cash value of your premiums and exchange your insurance for a more inexpensive policy. Certificates of deposit may be cashed out ahead of maturity date but with a penalty of six months interest, that is, if you have such a deposit.
Hire Yourself Out
Earning the much needed cash will mean hiring yourself out by taking part-time jobs like baby-sitting, tutoring, dog-walking, pet-sitters, research assistants, and many online jobs that you can qualify in.
While it might look like a tall order just to earn more cash, but putting yourself into these choices can help alleviate your financial issues.