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Classification of Digital Writings

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Writing also has various forms. Everything has a goal and objective attached to it. It is all on the individual’s perspective of looking at it and approaching for the relevant type that suits the skills and abilities with the writer’s personality. The content should be developed in a way that visitor finds it interesting while searching for relatable information required. One should go for writing if there is passion depending upon the type in which one lies.

Ample categories fall when it comes to write down about anything. Some of them are highlighted through this article to give an overview on some aspects which can be helpful in future benefitting in the longer run.

a. Search Engine Optimization

SEO is usage of accurate keywords or phrases that are linked in your content that appear on different search engines while finding some data by the user. This helps improvement in rankings leading to high traffic flow to the website.

b. Lead to Conversion Generation

Unlike the normal ATL or BTL rational campaigns, these kinds of writings appear to be unique as they are online ads that pop up in between by paying the website owners for placement. In other words they are paid advertisements. It requires a dedicated resource to handle important analytical decision. Content should be strong enough to convince the consumer and meet expectations to increase the satisfaction level.  The more clicks the higher return on investment made. Rate of converting it into sales enhances as well through PPC (Pay per click), web ads and different linked URLs.

c. Brand Promotions

Marketing through electronic campaigns on social platforms or online magazines which are create awareness about the company and its portfolio. They are master at creating headings and passing on up to date info about the happenings including storytelling, newsletters and current updates.

d. Blogging

Posting about particular subject matter is an art too. Regular posts build interests among viewers which become a part of daily life.

e. Copywriting

Communication of effective messages to ultimate target audience is important. It should be crisp and to the point. Competitors have a strong follow up with each other’s move. They are mostly used to promote a brand on home pages.

f. Academic Report Writing

Certain firms hire candidates just for the sake of catering educational institutions to write research papers for their publications. It facilitates students by in virtual learning.

g. Test designing

Special sites are just known for test creations that involves quizzes, trivia and to write about them for raising awareness about them.

h. Articles

Minimum 300 and maximum 1000 words of write-ups published on a number of various links based on anything which can be shared later on social media tools like Facebook, LinkedIn and Twitter engaging customer interactions with the writer. Comments are openly welcomed by the readers. Subject can be of any tags such as lifestyle, health, technology, business so on which motivates and makes it easy for the person to write about without any hurdles.

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Top 5 Reasons Why Banks Reject Loan Applications & How You Can Avoid Them When Reapplying

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Top 5 Reasons Why Banks Reject Loan Applications & How You Can Avoid Them When Reapplying

Personal loans are a source of emergency funding for many people. But loan seekers must remember that applications for personal loans may get rejected. There are many reasons for loan rejection, and it is good to know them before applying. A personal loan rejection does not necessarily mean that you are not creditworthy. Understand the reason why you were refused credit loans, and you can easily avoid loan rejection when reapplying.

Here are the most common five reasons for loan rejection –

  1. Poor Credit History

Individuals who borrow and repay loans on time have high credit scores based on their history of repayment. If you have never borrowed before or have defaulted on a loan in the past, this will reflect in your credit score and may get you a loan rejection.

  1. Low-Income Level

Lenders analyze your income records to determine whether or not you will be able to afford the monthly installments. If the bank or the lender cannot verify your income with the information you have given or if they think that your income is insufficient – it may lead to a loan rejection.

  1. Debt to Income Ratio

A high debt to income ratio means that you are already spending a large part of your income in paying off your current debts. This is important, as it helps lenders determine whether you can take on another loan payment or not. People with low debt to income ratio are never refused credit loans.

  1. Living in a Location Where Defaults are High

It may surprise you to know that banks and lenders mark geographical locations where defaulters live. If your address reflects a location where many defaulters live, you could face a personal loan rejection.

What Should You Do Before Reapplying?

In case your loan application gets rejected, don’t worry. For refused credit loans, lenders are obligated to send a notice of adverse action informing the applicant about the reasons for denial of the loan. Here are a few simple steps you should take before reapplying.

  1. Take a Look at Your Credit Reports: Obtain your credit reports online for analyzing your credit history and score. Reviewing your credit reports will help you identify the problems such as late payment or defaults that led to your loan rejection.
  2. Evaluate Your Debt-to-Income Ratio: Taking a look at your current debts vis-à-vis your income will help you understand if you have sufficient income to repay the loan you had applied for. Creditors usually look for a debt-to-income ratio lower than 36% for good creditworthiness.
  3. Discuss the Loan Rejection with Your Lender: After analyzing your credit reports the best thing to do is to talk to your lender. They will guide you about the right reason why your loan application was rejected and how long you need to wait before reapplying.

Author Bio:

Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap, India’s first app-based credit-line. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life’s mission to help and educate people on various financial topics, so email him your questions at shiv@moneytap.com.

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