Building Your Brand’s Reputation And Image

Credit Scores: How They Affect You And Ways To Improve Them

You’ve probably heard the term “credit scores” one too many times. What exactly is it? How does it affect you? When do people look at my credit score? Let’s say you are looking to take a personal loan from a financial insitution. Lenders will need an indicator to know whether a person will default on a loan or will pay faithfully. Today, the credit score is that indicator. People with a higher score are good debtors who pay their debts on time. Those with poor credit are poor at paying back and represent a higher risk of default.  People who hold an average score can go either way. Banks and other financial instituions rely heavily on the credit score to find out if one is going to pay back their money or if they will default on payment. The credit score might sometimes be used to determine how much interest one will be charged for a loan. Good credit scores attract the lowest rates because the chances of loss are less. People with average credit scores tend to get a higher interest rate than those with good scores. Poor debtors, those with bad credit, will usually be charged very high interest rates because they are a great risk to the lender. In charging very high interest, the lender is mitigating risk, and hoping they can recover as much money as possible before the person defaults, if he or she does choose to default. Loan Approval And Credit Score It is important to understand how credit scores affect loan approval. Basically, most traditional banks and other lenders will refuse credit to those with a poor score. This means that applications will be rejected repeatedly until one is able to improve their score. Licensed moneylenders in Singapore have more lenient requirements where the credit score is concerned and have even designed loans for people with poor credit. The challenge is that they too might not take a big risk on such a person. Therefore, such a person can only get small loans approved. When they need to take out big loans such

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Entrepreneur’s Guide: How To Become A Successful E-commerce Seller On Qoo10 In Singapore

A close study of Southeast Asian e-commerce market places, which include Qoo10, reveals that there has been a significant increase in online shoppers. What this means is the buyers and profits have increased substantially. In the same regard, online sellers have also multiplied exponentially. What is the net effect of all that? Increased competition and possibly lower earnings. For this reason, effective strategies are necessary to overcome the competition while getting more sales. In this guide, you will learn the tips and tricks essential for standing out and succeeding on Qoo10. 1. Perform Competitor Research Your competitors can teach you many things you didn’t know. For this reason, study the market and the strategies your competition relies on to develop new ideas. Start by buying what your competitors produce. This way, you interact with the product directly, thereby learning its quality as well as the steps competitors follow to sell and deliver. On top of that, familiarize yourself with the product descriptions to improve your understanding of the strategies implemented to attract new clients. You can also analyse your competitor’s after-sale customer service. 2. Have Impeccable Product Descriptions All power sellers feature their products with relevant, fresh, and accurate product descriptions. Without convincing descriptions, you’ll not receive as many orders as you would like. Remember that online shoppers cannot touch, smell, and hold your products before buying. They base their purchase decisions solely on the product descriptions and images. Therefore, ensure the pictures and descriptions are of the highest quality. 3. Fully Comply with the Marketplace SLAs In all marketplaces, including Qoo10, online sellers must abide by the conditions set up in Service Level Agreements (SLAs). Mostly, the SLAs tackle issues related to shipping. Power sellers can only thrive by adhering to SLAs at all times. Impress your customers by processing and shipping all orders in the shortest time possible. Ensure that the SLA compliance results are top-notch to enhance your products’ visibility while making yourself eligible for incentives. 4. Personalize Your Online Store Online marketplaces typically offer space for creating your homepage, which you can use for interacting with

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