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What is Best for you: Personal Loan Or Credit Cards?

The question is! When is a credit card better than a personal loan and vice versa what does it do best for you?

If your purchases are in the thousands, it would be best to apply for a credit card that does not charge interest for the first 12 months. Anything below this can be repaid within a year and is done with a credit card.

Also, Read: Ways to Protect Your Credit Card and Money

If you have a small debt that costs less than a few thousand dollars and can be repaid within 18 months or less, an interest-free credit card is a safe bet. If you want to consolidate additional debt into a credit card balance, it is always a good idea to contact your credit card provider.

If the amount you want to spend is above your credit card limit and you cannot afford to pay it back within a year, a personal loan is a good option. If you want a loan of more than $5,000 and the repayment period is longer than 15 months, personal loans are a cheaper option, especially if they are better than credit cards.


Personal loans should be made when your purchases are at the top end, but if you borrow this amount and your amounts are large enough that the repayment periods are long (up to 15 months), then they may not be the best option for you.

Personal loans, however, have their downsides, with the largest being the 1.5 percent fee that can be applied for the loan. There is a one-off fee that you can pay when you make a payment, but not after the initial loan amount.
However, not all lenders levy this charge, so you should check and take account of this when comparing rates.

Some lenders offer much better APR ( Annual percentage rate ) and are more expensive in terms of the fees they charge, while others offer a higher APR or fee.

Hopefully, this has helped clear up some of the confusion, but credit cards and personal loans have long had their place in the credit card market. The path you want to take depends on what you need the money for, how quickly you can repay it, and how much you will need.

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business location tips

How To Choose The Best Location For Any Kind Of Businesses?

Many entrepreneurs are so excited about launching their own business, but many of them failed to research and forget the importance of business location. Finding the right location for a new business or shop is important for success.

Regardless of your business industry, invest time in finding the best business location from your customer’s point of view.

Also, Read: An Ultimate Guide On How to Manage Your Small Business Finances

Tips on Choosing the Best Business Location

Business Needs
The first step in finding the perfect location for your location is understanding business needs. Knowing your business is important. Ask your self, will my customer visit my store, shop, or office? Does your business involve physical inventories? How are your products delivered? If you are selling services like cable and internet, will customers call for appointments? Keep all this in mind, make a list for your shop or business needs.

Also Read: What to Look for When Purchasing bulk phones?

Identify your customer
Who are your customers? How can you meet their needs? How many populations does your prospect location have? Analyzing location provides you plenty of statistics and data will help you determine your target market on a specific location. Reach out to US Census Bureau and gather more information as much as possible, research will help you find your customers.

Going early to work is very important for you and for your employees. Driving for hours for customers and employees just to get to your location is a big issue. Consider automobile traffic, parking lots, sidewalks accessibility, and foot traffic, these factors are important for business location to consider.

This may not matter for businesses selling services and products over the internet. (read: Ways To Help Increase Online Sales) They can both located in the same location or building. However, if you are selling products that customers require to visit your store or shop, consider how much similar businesses located in your area. If a dozen of stores offering similar products, do a competitive analysis. Create a plan on how to edge your competitor, offer something that your competitor doesn’t have.

Also, Read: Sell Cable and Internet Service on Craigslist for Free

business location

Why Location is very important?

Let’s say you have secured your business loan, you already have a business plan. Now, How to choose the right location and the importance of location to your business?

Location is a big factor in business success. If you are in the right location, consumers will come and find your store or business with ease. A good example of a good location has nearby transportation terminals or transport links nearby. This will enable your employees to get to work easily.

Also, Read: 
Financial Tips For Small Businesses
How Working Capital Helps Small Business Problems?
Financial Tips For Small Businesses

Busy places mean more potential customers and consumers. It is important for a company or a store to be conveniently located for your potential customers. It is also important for a business to have easy access to phone lines, water pipes and roads to make your everyday activities.

Also, supplies can be move quickly if your location has an efficient transport network. If your supplies address is far from your location, the transportation cost will be very expensive.

Brand visibility is important for your business growth. A signage exposure for your branding a good location will attract more potential customers. This is very important when it comes to marketing.

Location is very important, do your research and choose the right business location carefully.

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