Tag Archives: reasons
Possible Reasons behind loan rejection!
Loans are the useful fund and become valuable at the dearth financial situation when you need to finance your business or personal needs. You might be alert of several possible reasons a bank may reject your loan application. Applying for a loan involves preparation on different fronts. You are required to update your credit score such as ensuring close-out existing loans or credible loan track, proper payment of credit cards, proper tracking of other existing loans on property or assets, good income tax report and sound salary figure with healthy bank statement. These are the basics and prerequisites of the loan preparation as well as approval.
However, there are several other bold factors that can lead to your loan application rejection!
The first and foremost reason is your inconsistency in a particular job. This is the prime reason behind loan denial by banks. If you are not consistent in a job for more than six months then many banks consider your case as a weak loan application. Now days it is a common practice to switch jobs from one organization to other to gain a salary hike or get rid of job pressure or for a change. Banks pay considerable attention on job stability. So better to stick with a good organization as it hampers your credit worthiness and also you can avail prepayments by your employer at critical times.
Your profile is negative or not in line with the internal policies of bank may be the next reason. Every bank has its own internal policies and guidelines and they define credit profiles or geographical regions according to their policies as negative for loan. If you fall under this radar then the banking institutions will not lend you loan. Though there is an escaping space as your profile considered as negative by one bank may not be negative for rest banks. Also, one can present additional documents as security such as fixed deposits, insurance policies or other securities.
Apart from these, rest reasons are falling of your residential address in the banks defaulter zone, loan application for an old or disputed property or your loan application has been rejected before. But you can avail loan even if you are under these loan rejection radars by providing valid and convincing proofs against those reasons to the bank. It is better to approach a bank, for loan purpose, which is near your residence or the bank where your salary is deposited. Banks are ready to address your valid reason for loan application and latterly awarding you with loan approval.
Five Reasons to Invest in a Home Alarm System For Your Michigan Home
For those living in Michigan, it’s a difficult time for homeowners. With the trouble with mortgage rates and a somewhat tumultuous economy, it seems that everyone is trying to figure out just how to take care of themselves and their families. And because there are so many people in dire straits, the crime rates, particularly where burglary is concerned, have been going up across the board.
For homeowners who want to ensure that their properties are protected as best as they can be, sometimes sticking to common sense home security techniques just isn’t enough. Just as it’s really important to be sure that doors are deadbolted and windows are securely locked, it also makes sense to consider other means for protection, especially in times of particular economic hardship. Here are five different reasons to invest in a home alarm system for your Michigan home. You’ll be surprised to see how many different problems having a bit of extra assistance can handle.
1 – Helping monitor teenagers. Aside from criminals, parents often have the most trouble with their own unruly teens. And the latest alarms make it a lot easier to check up on those who are staying at home unsupervised. From video monitoring within the house to sensors that can be placed on particularly sensitive areas of the interior, like medicine or liquor cabinets, it’s a whole lot easier to figure out what teens might be up to, and to make sure they don’t get into too much trouble.
2 – Safeguarding the health of all family members. With the additional help of smoke detectors and carbon monoxide detectors that hook up directly to the home alarm system, it’s possible to be awakened immediately at night when there’s a problem, and to be alerted quickly and more efficiently than if a store-bought detector was the only factor in play.
3 – Keeping crooks out. This is the most obvious reason that people invest in extra help, and it definitely makes all the difference. Advertising extra help with stickers and signs is only effective if there is actually some security in place, and the investment in even just a basic alarm is enough to deter many criminals, who would prefer to strike houses that are a bit easier to get into.
4 – Maintaining property value. Because taking good care of your home by investing a little bit in some helpful safety features isn’t just good for protecting the contents inside; it’s also something that might help the next time that there is any sort of assessment or value being placed.
5 – Assistance with sick or elderly family members. The right home alarm system does more than just keep burglars out; it helps to keep those inside safer. And one way is the one-touch response system, where a simple necklace alert system being pressed sends EMTs and the fire department in mere moments. A lot more effective than 911, and without the need to reach a phone to dial, too.