Some people find freelancing a better option when looking for a job because it gives the person a more flexible schedule compared to, say, an office job. It does not require you to stay with a certain company by making you sign contracts. And you are able to accept projects from other companies. Therefore you are in the best position to decide where you will be able to attain the career growth you need.
Sometimes freelancing brings in even more money compared to a permanent job in one company. However, using the perspective of lenders, they want to see the stability of your income source. They do not care whether you are earning twice as much as regular employees do, if you do not have the stability they are looking for then you are in danger of getting a low score from the creditors.
The most common victims of this freelancing effect on one's credit score [http://www.free-credit-reports.com] are the stay at home employees who are part of the office payroll but are either categorized as part-timer or temporary; growing industry of home-based tele-communicators who are tasked to do tele-marketing, cold call marketing, or to answer customer questions about certain products or services; web content, SEO, and blog writers who usually do their job over the internet; online tutors, and many other kinds of stay-at-home occupations which do not require you to work in an office.
Paying for the right amount of tax before the due date will, at least, continue your credit history with new positive information inputs. But it will have a minimum effect on the lender's belief about freelancers. The good thing about these freelancing jobs is that it does not have hefty taxes. Therefore, the money you save on taxes can be used to pay for the higher interest rates bank lenders will charge on your credit line or loan.
Furthermore, if you are a freelancer and at the same time a stay-at-home worker then you will be able to save up on gasoline and other expenses which regular employees spend on while at the office. As a result, the money you save by not having to undergo the regular employee activities in a day will suffice the need to pay for the hefty interests.
A final word on freelancing: it does have a positive and a negative feature so you have to weigh whether which of it will work for you or against you. Or better yet, you may opt to get a regular job and then freelance in your spare time. That way, you will be able to get the stability lenders want while earning extra income to pay for monthly credit line or house/car loan bills.
Sometimes freelancing brings in even more money compared to a permanent job in one company. However, using the perspective of lenders, they want to see the stability of your income source. They do not care whether you are earning twice as much as regular employees do, if you do not have the stability they are looking for then you are in danger of getting a low score from the creditors.
The most common victims of this freelancing effect on one's credit score [http://www.free-credit-reports.com] are the stay at home employees who are part of the office payroll but are either categorized as part-timer or temporary; growing industry of home-based tele-communicators who are tasked to do tele-marketing, cold call marketing, or to answer customer questions about certain products or services; web content, SEO, and blog writers who usually do their job over the internet; online tutors, and many other kinds of stay-at-home occupations which do not require you to work in an office.
Paying for the right amount of tax before the due date will, at least, continue your credit history with new positive information inputs. But it will have a minimum effect on the lender's belief about freelancers. The good thing about these freelancing jobs is that it does not have hefty taxes. Therefore, the money you save on taxes can be used to pay for the higher interest rates bank lenders will charge on your credit line or loan.
Furthermore, if you are a freelancer and at the same time a stay-at-home worker then you will be able to save up on gasoline and other expenses which regular employees spend on while at the office. As a result, the money you save by not having to undergo the regular employee activities in a day will suffice the need to pay for the hefty interests.
A final word on freelancing: it does have a positive and a negative feature so you have to weigh whether which of it will work for you or against you. Or better yet, you may opt to get a regular job and then freelance in your spare time. That way, you will be able to get the stability lenders want while earning extra income to pay for monthly credit line or house/car loan bills.