by cecile | 13:39

Consolidating 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.

Put on Sale Your Collectibles and 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. Extra effort is needed on your part to either find private buyers or search online at auction websites where there are sites that sell similar memorabilia items like those in your collection. When you have found one, you will either pay a fee for listing your collections or pay for commission when you have a sale. Anything can be sold online, so sell your other items and raise cash. There are online companies that are interested in buying wine corks, toilet paper rolls, broken electronics, and even hair.

Auction Your Car

If there are no encumbrances in selling your car, then have it auctioned so you can raise more cash. When you sell your car, you benefit from paying for road tax, insurance and fuel. Consider your options, either you go online and look enlist in auction websites or you look for companies which offer good scrap car prices for old models.

Try to Get A Loan

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. Be sure to consider the terms and conditions of the loan provider and the interest rate they are offering.Balance carefully the terms and conditions of the loan provider, their interest rates to your capacity to pay the loan.

Exploit Your Assets

If you have investments, it may be difficult to liquidate some of them but there are other sources where you can optimize by tapping on your assets. 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.

Look for Part-Time Jobs

By hiring yourself out, you will add your earnings by looking for part-time jobs, such as 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.

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