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Are you looking for funds for home renovation, travel, education, or debt consolidation? If yes, then you may apply for a personal loan to cover the related expenses. These days, NBFCs like Clix Capital have made personal loans extremely accessible with easy application, fast approval, simple eligibility criteria, and minimal documentation requirements. However, since personal loans are unsecured loans, lenders largely rely on your credit score to determine your creditworthiness and decide your loan approval or rejection.

When you get in touch with a lender to get a loan, lenders look at your credit history to decide whether to give you a loan or not and at what terms. When a lender checks your credit report, they make a hard inquiry on your credit. Your credit report has a special section in which your hard inquiries are enlisted. They may stay on your credit report for as long as two years. If there are too many hard inquiries in your credit report, lenders perceive you as a credit-hungry borrower.

If you do not fulfil any of these eligibility conditions, it's better to improve your eligibility and then apply for a loan with a better standing. A hard inquiry is inevitable but you should ensure that you will at least get your loan approval to compensate that. With regular payments, you can improve your credit score over time. However, if your loan gets rejected, you will end up with a low credit score without any chance to improve it.

Source: https://surgedigital.agency/how-to-start-freelancing/ Freelancing is already making a name in the industry today. However, many still doubt every time they decide to start freelancing. This is because of fears and worries that battle inside their minds. Many think that freelancing provides no security regarding job stability. However, the workforce is now changing as they swap from the 8-5 mundane jobs for flexibility in time and money. Freelancing, wrapped up in the catch-all term "gig economy," has rapidly taken root worldwide, driven by the explosion of the digital economy. Nowadays, more and more companies and businesses are going digital, so the need for freelancers is in high demand. How to start freelancing and quit your desk job? Here are some tips to follow: 6 Effective Tips to Start Freelancing 1. Find your niche Finding your niche is one of the essential components you have to consider in freelancing. You need to identify your strength, skills, and which area you are good at to determine what job is suitable for you quickly. Some freelancers are trying to be a jack-of-all-trades. However, it can be very stressful since you have to master all the skills quickly, which might compromise one or another. 2. Develop your skills Once you have identified your niche, work yourself to master your skills. In freelancing, educational background is not valued, but abilities are. They are more interested in the quality of output you can provide. Develop that inner potential, and if it requires you to enroll in a course to hone your abilities in freelancing, do so. 3. Get a mentor If you really want to soar, get yourself a mentor. Someone already successful in the field. They can give you pieces of advice on how you can start and become a successful freelancer. If you are a newbie and plan to jumpstart your career in the freelancing industry, enroll in a freelancing course. This course equips you with the step-by-step process of setting up your account o

Credit score is a number lenders use to determine the loan applicants' creditworthiness and the risk of lending them money. Therefore, it is a critical factor determining whether your loan application will be rejected or approved. Remember, the credit score is not fixed, and it fluctuates in response to your credit activities.