| |
| |
|
Loans Information |
|
|
Business Credit Scoring: Is It a Killer Application or Application Killer?
In his 1968 seminal novel, 2001: A Space Odyssey, Arthur Clark introduced HAL, a spaceship computer with artificial intelligence. Mission engineers designed HAL to carry out an array of technical orders to safeguard the ship's mission. HAL operated flawlessly until it reported the failed operation of a ship system that was operating perfectly. Rather than correct the mistake, HAL's logic dictated that it would be more efficient to kill the ship's crew. Ever the polite computer, HAL killed quickly and quietly until it was unplugged by the sole remaining crewmember, Dave Bowman. Many small business owners believe that HAL's progeny are carrying out HAL's murderous mission in the small business credit arena. Computers now make important credit decisions for major banks and financing companies. Each day in the U.S., computers with fancy algorithms score thousands of small business credit transactions. Though credit-scoring models work well for most small companies, many believe these systems, like HAL, have run amuck. Routinely, transactions with low scores are turned down and applicants are notified of the decision by computer-generated rejection letters. By gaining a better understanding of the credit scoring process, you may be able to help your firm maneuver in the new world of credit scoring. Here are some key points about business credit scoring worth noting: 1. Credit scoring automates the credit evaluation process. Credit providers use these systems to speed up loan processing, to cut processing costs, to quickly adjust rates and terms to match credit risks, and to add a high degree of objectivity to credit decisions. 2. Credit scoring is a predictive system based on statistical modeling. Scoring systems are designed to forecast whether borrowers will be successful in repaying loans. Many systems use up to 20 factors to evaluate credit worthiness. 3. Many lenders and leasing companies use credit scoring for business transactions under $100,000. Over 90% of major credit providers use credit-scoring systems on transactions below $ 50,000. 4. A pioneer and leading credit scoring service, Fair Isaac and Company, researched statistical credit modeling in the 1980s. They determined that the personal credit behavior of a company's key principals/owners is a strong predictor of their business credit behavior. Simply stated, a business owner who pays personal bills on time generally will cause his/her company to pay bills on time. 5. The Fair Isaac scoring model produces business credit scores ranging from 50 to 350. Credit providers usually consider a business credit score above 220 to be a good risk. They consider a score of less than 175 to be a high risk. 6. The overriding factor in business credit scoring is the credit history of the business owners or the key principals. In addition, there are other factors related to the owners'/principals' personal credit profiles used to score small business transactions 7. Business-related credit factors scored include: the company's time in business; company size; industry; form of company organization; history of paying bills on time; business net worth; average bank balances; ratio of debt service to cash flow; and recent judgments, bankruptcies or agency collections. 8. Many large lenders, such as Well Fargo Bank and Bank of America, have developed their own predictive business credit models. Several have even fine-tuned the Fair Isaac model to better meet their needs and preferences. 9. If your firm is rejected for credit based on a scoring model, ask the lender to explain the rejection. Some lenders will reconsider if requested, but may require additional credit information. 10. Some lenders have special pools for higher risk credits. They usually charge higher rates and offer terms that are less advantageous than for high-scoring transactions. Others may ask for credit enhancements to grant approval, such as additional collateral or outside guarantees. 11. Here are ten ways to improve business credit scores: * Improve the credit habits and profiles of the key principals or business owners * Pay all back taxes * Settle outstanding liens and judgments * Pay bills on time and be consistent with payments * Eliminate supplier disputes by settling with any suppliers or former employees * Sell or factor accounts receivable to improve cash flow * Establish your firm's credit record by registering with the Secretary of State where your business is incorporated * Try to improve individual and company credit for at least twelve months * Buy from vendors who report activity to the major credit bureaus * Set up automatic account debiting with creditors to help eliminate the possibility of paying slow Credit scoring is not designed to predict individual loan performance with certainty. Rather, these systems do a great job of quantifying risks for groups of borrowers with similar characteristics. A disadvantage of credit scoring systems is that they are easy to misapply. If the lender's customers don't share characteristics and behavior patterns with the model's underlying base group of credits, then reminiscent of HAL, many transactions with great potential may be eliminated. If your firm doesn't score well under a scoring model used by a major lender, you may face an uphill battle for credit approval. Some smaller credit providers try to differentiate themselves by not using scoring models. Instead, they actually listen to borrowers, sort out unusual circumstances and use old-fashion human judgment to make credit decisions. One of these lenders might make sense for your firm. George Parker is a Director and Executive Vice President of Leasing Technologies International, Inc. ("LTI"). He is responsible for overseeing the company's marketing and financing efforts. One of the co-founders of LTI, Mr. Parker has been involved in secured lending and equipment financing for over twenty years. Mr. Parker is an industry leader, frequent panelist and author of several articles pertaining to equipment financing. Headquartered in Wilton, CT, LTI is a leasing firm specializing nationally in direct equipment financing and vendor leasing programs for emerging growth and later-stage, venture capital backed companies. More information about LTI is available at http://www.ltileasing.com.
MORE RESOURCES: Could student loans ruling mean the system is redesigned? BBC News An announcement on Monday could affect the future of the student loans system. The Office for National Statistics (ONS) will be announcing the outcome of its ... Poultry growers lean heavily on government-backed loans Star Tribune After 20 years, Mississippi chicken farmer Kevin Kemp is getting out of the chicken business. He raised millions of pounds of chicken since 1996, alongside his ... Feds to forgive loans for thousands of students whose colleges closed Washington Post The Trump administration plans to forgive $150 million in federal student loans tied to colleges that closed in recent years, following a court order enforcing an ... The government is still subsidizing college bureaucracies with student loans Washington Examiner Education Secretary Betsy DeVos caved on Thursday, agreeing to cancel $150 million in student loan debt in line with an Obama-era policy she previously tried ... Risky Home Loans Are Making a Comeback. Are They Right for You? The New York Times Mortgage lenders are again promoting more complicated loans, which offer benefits for wealthy borrowers but come with big drawbacks. Around 15,000 former students will have their loans canceled CNBC The Trump administration has announced it will cancel $150 million in debt for certain students. Some 15,000 former students whose schools closed while they ... Leveraged Loans Are Looking ‘Scary’ to These Money Managers Bloomberg The recent weakness in the leveraged loan market isn't a passing trend, and the asset class is set to perform even worse next year as the U.S. economy edges ... Global Bankers Spurn Trump's Pleas to Keep Making Loans For Coal Valley News President Donald Trump is trying to recruit international lenders to his pro-coal crusade.They aren't enlisting.The European Bank for Reconstruction and ... Navient Audit: Borrowers May Have Paid More For Student Loans Forbes Navient, one of the nation's largest student loan servicers, may have steered student loan borrowers into higher payment plans. The result: student loan ... Banks Are Approving Small Business Loans at Rates Not Seen Since Before The Great Recession - Forbes Banks Are Approving Small Business Loans at Rates Not Seen Since Before The Great Recession Forbes Approvals of loan applications from small business owners reached post-recession high mark (26.9%) at big banks (assets of $10 billion+), while small banks ... Why The Student Loan Bubble Won't Burst Forbes The headlines say the student loan debt bubble is going to pop, but the mechanisms surrounding student loan debt make that impossible. Marion, Warren County Small Businesses Awarded Loans for Storm Damages KNIA / KRLS Radio Gov. Kim Reynolds announced on Wednesday that the U.S. Small Business Administration granted her request to provide assistance in the form of low-interest ... Education Department To Fix Troubled Grant Program; Students To Get Loan Forgiveness NPR Also this week, the Kentucky Supreme Court struck down a bill that prompted thousands of teachers to protest this spring. More parents struggle to repay loans they borrowed for their children's education CNBC As college costs rise, more students are hitting their federal loan limits with a large portion of their bill still unpaid. Increasingly, their parents are borrowing to ... Urban Institute Maps US Car Loan Debt and Delinquency CityLab A new tool by the Urban Institute maps the geography of car loan debt and delinquency. Leveraged Loans Are The Achilles Heal Of The Bond Market Forbes Leveraged loans are doing worse than high yield and there are signs that more pain is yet to come. USDA offering new loans and grants for rural broadband The Hutchinson News WASHINGTON – Agriculture Secretary Sonny Perdue announced last week that the U.S. Department of Agriculture is offering up to $600 million in loans and ... Subprime personal loans will flourish in 2019 thanks to startups and Donald Trump Quartz Americans are again splurging on subprime debt. The spigots are forecast to open even wider next year for personal loans, thanks to financing provided by ... Fate of $1 Trillion in Risky U.S. Loans May Be in Japan's Hands Bloomberg Japanese banks might have snapped up a third of the loans made to highly indebted U.S. companies, propelling the size of the market past $1 trillion, a new ... Banks consider Italian solution for cutting bad loans and staff, Evgenia Tzortzi | Kathimerini www.ekathimerini.com Greek banks are examining various scenarios for ridding themselves of more nonperforming loans and reducing their staff, in an effort to meet commitments for a ... Buyer beware: Holiday loans come with a cost, tax preparer says WREG NewsChannel 3 If you're strapped for cash, a holiday loan may seem like an easy way to put extra money in your pocket before Christmas. But be careful, because those loans ... Now Loan Investors Are Heading for the Exits The Wall Street Journal Speculative-grade loans, a rare bright spot in the fixed-income world for most of the year, have hit a rough patch, posing challenges for businesses that have ... Christmas Miracle: Bank Pays Off Single Mom’s $150,000 Student Loan Debt The Root There really is a Santa Claus and his real, government name is Fifth Third Bank. On Wednesday, the Ohio-based bank surprised Jasmin Ford, a 30-year-old ... Fifth Third Bank surprises South Side single mom, pays off $150K in student loans WLS-TV For the past 12 years, 30-year-old Jasmin Ford has had to hustle for everything she has. Trump administration refuses to publish required report on student-loan borrower complaints MarketWatch The plight of student-loan borrowers could get a little less attention this year. The Consumer Financial Protection Bureau failed to release an annual analysis of ... Pawn Central seeks to write loans on guns Galesburg Register-Mail GALESBURG — Pawn shops like the one on East Main Street write loans on everything from televisions, video games and electric guitars to hydraulic ... Oakland Loans Housing Developer UrbanCore $2.35 Million for Market-Rate Housing Project East Bay Express Meanwhile, San Francisco is suing UrbanCore over an unpaid $5.5 million loan. Do These 5 Things Now That The Student Loan Grace Period Is Over Forbes And just like that, your six month grace period on your student loans is over. Here are 5 things to consider doing next. Your 5 Next Steps. There is typically a six ... Sputtering Oil Industry Puts Brakes on Nigerian Bank Loans Bloomberg Nigerian lenders are in retreat. Rising costs and declining appetite to lend is prompting banks to repay dollar borrowings. Brent crude prices near their lowest ... Could this government program wipe away all your student loan debt? Military Times The Veterans Affairs Department and the Department of Education are working together to make it easier for you to apply to have your loans forgiven. Here are ... Help, I Can't Afford My Student Loans Forbes If you can't afford the monthly payments for your student loans, you're not alone. U.S. Secretary of Education has called the rising student loan debt issue a ... "Buy now, pay later": Critics concerned about new online payment plans CBS News Tech companies like Affirm, Afterpay and Klarna are offering instant installment plans as an alternative to credit cards. My Client Got Public Service Loan Forgiveness Forbes One of the most exciting things that could possibly happen to a student loan lawyer happened to me just a few days ago: one of my clients got her student loans ... Change in student loan accounting could add £10bn to national debt The Guardian The government faces an extra £10bn being added to its borrowing as the result of a radical shake-up in the accounting for student loans, with experts warning ... How to Manage Student Loan Debt Without Making It Worse NerdWallet When you're struggling financially, keeping up with your student loan payments might feel like you're stuck on a runaway train — and student loan forbearance, ... Lenders target California seniors with costly clean-energy loans The Mercury News Elderly homeowners who have built a sizable nest egg over many years are being targeted by financial lenders to take energy-efficiency home improvement ... Here's How Parents Can Repay Parent PLUS Student Loans Forbes Parents are borrowing more to send their children to college and struggling to repay those loans, says a new study from The Brookings Institution. Here's what ... Auto debt in America — mapped CNBC A new map by the Urban Institute traces auto delinquency rates in counties across the U.S. How people fare with their auto loans varies dramatically from one ... How's the Market? All kinds of loans- part II Record Bee Last week, I began describing the many types of real estate loans available for residential, commercial, industrial, or agricultural property. Thinking about buying ... What will happen to my student loans now Virginia College closed? WJBF-TV AUGUSTA, Ga. (WJBF) - With 70 Virginia College campus, including one in Augusta, shut down, it's the largest closure since two other for-profit colleges ... This 34-year-old celebrated his birthday by paying off the last of his $117,000 in student loans—here's how he did it CNBC A New York-based financial reporter paid off the last of his almost $117000 student loans just before turning age 34, including $16000 in 2018 alone. Roughly ... Were Your TEACH Grants Converted To Loans While Teaching At A Qualifying School? NPR If you're one of the thousands of teachers who had grants converted to loans even though you were meeting the teaching requirements of the TEACH Grants ... She took out $20,000 in loans for her son's college. Then he went blind CNBC A bipartisan bill would allow parents who borrowed student loans for children who became severely disabled to walk away from their debt. Student loans totaling $150M to be forgiven by US Department of Education Yahoo News The U.S. Department of Education plans to cancel about $150 million in student loan debt, which means about 15000 borrowers will be forgiven. Yes, student loans really are making millennials go broke | TheHill The Hill Ten years after America's largest financial institutions upended the economic livelihood of millions of millennials entering the job market, a new report from the ... Parents struggling to repay college loans, report finds Tampa Bay Times Parents are increasingly shouldering the student loan burden and risking their financial health to do it, according to a new report. How You Can Get Your Student Loans Discharged In Bankruptcy Forbes One of the biggest myths surrounding student loans is that you cannot get your student loans discharged in bankruptcy. While it's rare, it's completely possible. $1.3B award upheld against racecar driver over payday loans NBCNews.com A U.S. appeals court on Monday upheld a nearly $1.3 billion award against pro racecar driver Scott Tucker, who was sent to prison following a conviction for ... Loan Deals Scrapped or Sold at Deep Discount as Market Slips Bloomberg It used to be a breeze for a company to get a loan, even a highly risky one. Now, not so much. While the party isn't quite over, financial jitters around the world ... Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain Cointelegraph News. Spain's second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has closed a €150 million loan using blockchain technology with Porsche Holding ... Forgiving All Student Loans: A Bold Idea, or Welfare for the Well-Off? The New York Times Readers react to David Leonhardt's argument that it's an alluring but misguided idea. Some offer their own stories of debt hardships. The Risks Of Energy Efficient Loans KPBS Lenders are selling seniors on the idea of home renovation work; sometimes homeowners don't realize they've taken on debt until it's too late. Black Friday 2018: Should you get a personal loan for holiday shopping this year? USA TODAY Americans are forecast to spend more than $1000 during the holidays. Many people turn to personal loans to finance that spending. Racecar driver must pay $1.3 billion award in payday loan suit Fox News A U.S. appeals court on Monday upheld a nearly $1.3 billion award against a pro racecar driver who was sent to prison following a conviction for cheating ... Investors signal concerns with leveraged loans Financial Times Risk premiums rise for securities backed by lower-rated corporate credits. You were right to take out student loans, says author of 'I Will Teach You To Be Rich' CNBC Personal finance guru Ramit Sethi says that, in the long term, your student loans are worth the pain of having to pay them back: Educational "debt can be a great ... Ecuador is feeling pain of China loans Herald-Mail Media QUITO, Ecuador — Rafael Correa wanted to fast-track development projects when he was president of Ecuador, so he borrowed billions of dollars from China. Former small business chief: Big tech loans will change things 'completely' for mom-and-pop shops CNBC Near-instant loans from online giants like Amazon and PayPal are fundamentally changing the way small private shops do business, says former Small ... A Student Loan Help Center, Created by Critics of Trump's Enforcement Efforts The New York Times An ex-student loan watchdog who quit the Trump administration last summer is starting a nonprofit to help borrowers with other former officials. Virginia College students worry about loans and transferring credits WHNT News 19 HUNTSVILLE, Ala - It has been almost a week since Education Corporation of America announced it was closing all its colleges, which includes Virginia College ... Students At For-Profit Colleges Are More Vulnerable To Student Loan Distress, NYC Report Finds Forbes Black and Latino students, low-income students and older students -- all communities with higher rates of loan defaults --were all more likely to attend for-profit ... Your Former Student Loan Watchdog Is Back Forbes Your former student loan watchdog resigned in September. Now, he's back in a new role. Here's what you need to know and how it can affect you. The Student ... The Simplest Ways To Save Interest On Your Student Loans Forbes There are several simple ways that you can save interest on your student loan debt. You need to spend five minute to make it happen. Teachers in grant program could see their loans erased by U.S. Education Department: report NOLA.com The U.S. Department of Education is finalizing a plan to help teachers who have been wrongly saddled with debt because of a federal grant program. ONLY ON 7: Ameritech Financial employee says embroiled student loan debt relief company was helping people KGO-TV For the first time, we are hearing from a current employee of a Sonoma County student loan debt relief company whose CEO is in hot water with the Federal ... Don't make this common student loan mistake that can cost you thousands of dollars CNBC Nearly 45 million Americans have some kind of student loan debt, and the system for paying back those loans can be confusing. That means it's all too easy to ... California community colleges reject state aid tied to allowing students to seek federal loans EdSource For years 22 California community colleges did not participate in the federal student loan program, blocking students from taking out federal loans to cover their ... A new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back CNBC For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but ... Betsy DeVos Is Wrong About The 'Government Takeover' Of Student Loans Forbes Education Secretary Betsy DeVos has a reputation as a champion of the free market. It was therefore disappointing to see her praise a defunct program that ... Wall Street banks turn skittish on leveraged loans Financial Times Wall Street banks are offloading leveraged loans at discounted prices and demanding that borrowers accept less advantageous terms, as they move to protect ... TSP Loans and Hardship Withdrawals FEDweek There are currently two ways that an employee younger than age 59 ½ can get money out of the Thrift Savings Plan. They are by means of a loan or a hardship ... Disaster loan applications still being accepted for Tropical Storm Michael damage Roanoke Times A handful of Roanoke Valley property owners have sought and received federal disaster aid in the wake of the October flooding unleashed by Tropical Storm ... This 27 year old lives in a van to save money—here's how he makes it work CNBC "I feel more financially competent and stable and well-set up than I ever have," says John Sweat, who is able to save more by living in his van, and who aims to ... Who's buying leveraged loans anyways? Financial Times The booming loan market for highly indebted companies has faced a lot of scrutiny in recent months. The IMF has repeatedly aired its grievances. Multiple ... Hard-up firms in China use cashmere and pork to repay loans The Economist LI XINTONG DID not want one overpriced cashmere sweater, let alone a hundred. But when his loan to Jicai came due, the investment firm offered to repay him ... LESSEN THE LOAD: More companies helping employees ease student loan debt KTRK-TV More employers are providing benefit offerings to help employees with student loan debt. What to Do Now That the Student Loan Grace Period Is Over Lifehacker College grads with public student loans typically get a six-month grace period after convocation before they have to start making payments. And that means for ... Here’s How the Student Loan Landscape Has Changed Since 2013 Bloomberg The latest numbers on student loans were all too familiar: Outstanding debt hit another record and delinquency rates spiked in the third quarter, according to ... Fareway offers employees help paying off student loans Des Moines Register Fareway is offering full-time workers a new benefit that will assist them with studen loan repayment. Farm loan waiver a necessity: Kamal Nath Times of India India News: "I am not going to be deterred by what these economists say in their rooms. A farmer today is born in debt and all his life gets stifled under loan bu. A Default Setting That Can Ease the Student Loan Crisis Bloomberg Student loans are imposing crushing burdens on millions of young Americans. According to one account, about one-quarter of the borrowers who began ... Before you pause your student loan payments, consider the risks CNBC It can be hard to come up with your student loan payment each month. Yet if you take a break from the payments, the situation can get worse. Loans to get dearer as US Fed gears up for another rate hike Khaleej Times The UAE and most GCC countries are expected to increase key interest rates this week in line with the US Federal Reserve, which will announce a decision on ... Fintech Squirrel makes UK purchase, targets 15 minute loans The Australian Financial Review Meet Australia's newest mortgage market hopeful. Privately-owned fintech Squirrel reckons it could be offering clients home loan approvals within 15-minutes ... DeVos decries student-loan program as a ‘looming crisis’ Washington Post Education Secretary Betsy DeVos on Tuesday warned that the federal student aid program is a “looming crisis in higher education” in a speech that some ... Montgomery, Prince George’s file federal lawsuits accusing banks of peddling ‘predatory’ loans WTOP WASHINGTON — Federal lawsuits filed Tuesday by Montgomery and Prince George's counties claim banks flew in the face of Fair Housing protections, aiming ... What Is a Predatory Loan? U.S News & World Report Money Predatory loans have unfair, misleading or unaffordable terms that generally benefit the lender at the expense of the borrower. Predatory loans have the ... SoFi CEO Anthony Noto: Our loans 'have really strong risk controls' CNBC Jim Cramer and SoFi CEO Anthony Noto break down how the millennial-facing financial company is preparing for an environment with higher interest rates. Spanish banks step up sales of bad loans and distressed property Financial Times Spanish banks have taken more steps to offload bad loans, as Banco Sabadell announced the sale of its real estate services business and Bankia confirmed it ... Ross Spano should be disqualified from Congress after illegal campaign loans, top Florida Democrat says Tampa Bay Times The head of the Florida Democratic Party said newly elected U.S. Rep. Ross Spano should be disqualified from serving in Congress after he acknowledged he ... Vegas bank offering teachers interest-free loans KTNV Las Vegas The Bank of Nevada is offering new Clark County School District teachers interest-free loans. Butte County BOS votes to forgive loans for Concow residents who lost homes to fire twice KRCRTV.COM The Butte County Board of Supervisors met on Tuesday to discuss Camp Fire concerns amid the devastation and destruction. In addition the Butte County Sheriff ... She needed $500 for food and now owes $1,700. Is it time to regulate payday loans? Star-Telegram Rebecca Anthony needed a little help putting food on the table. She'd already received assistance from a church and friends, but it wasn't enough to put whole ... Ecuador faces a huge budget deficit because of loans it received from China Los Angeles Times Rafael Correa wanted to fast-track development projects when he was president of Ecuador, so he borrowed billions of dollars from China. But the loans have ... There’s a better way to solve the student loan crisis | TheHill The Hill How does an exceedingly expensive, regressive redistribution of federal dollars turn into a college affordability proposal embraced by progressives? Editorial: Feds should investigate Spano loans Tampa Bay Times The new U.S. House Republican acknowledges he received personal loans and then loaned his campaign most of that money. Will Ross Spano face an investigation into campaign loans before he even gets to Congress? Tampa Bay Times TAMPA — The Democratic candidate who lost to Republican Ross Spano for the congressional seat from District 15 said this week she has requested an FBI ... Instant shopping loans cause worries for shoppers | News KCTV Kansas City There are a handful of tech companies offering something called “point-of-sale loans.” The Trump Administration Is Quietly Denying Federal Housing Loans To DACA Recipients - BuzzFeed News The Trump Administration Is Quietly Denying Federal Housing Loans To DACA Recipients BuzzFeed News The Department of Housing and Urban Development hasn't announced a formal policy denying FHA loans for DACA recipients, but lenders tell BuzzFeed News ... Farmers eligible for emergency loans The Times and Democrat Farmers in The T&D Region are eligible to receive emergency loans for losses suffered during this year's hurricanes. |
|
|
|
RELATED ARTICLES
Car Loans - Shop Around, Compare Offers, and Watch The Small Print Getting a loan to buy your new car is, you would probably think, straightforward. However, there are a few apparently small variations which can be actually cost you a lot of money. Guide to Personal Loans Here is a useful guide to Personal loans. What is a personal loan? A personal loan is money lent to an individual by a financial institution for a specific personal purpose. Instant Car Loan - Get an Approval Online Quick Your car loan is now less than an hour away from approval with an online car loan lender. You can have a check in hand to buy a car the next day once your online application is approved. If You're Looking To Borrow Larger Sums of Cash a Home Equity Loan Could Prove Ideal There are a number of different loan products available today, and the one that you select will depend upon your circumstance and budget as well as on the amount of cash that you need to borrow. If you are a homeowner and you're looking to borrow a fairly substantial sum of money at a low rate of interest, you may find that a home equity loan will prove ideal for your needs. Be Wary of Guaranteeing a Loan You need to be wary of guaranteeing a loan. What would you do if a friend or relative asked you to guarantee a loan? You would probably like to help them by agreeing to guarantee the loan but consider your actions carefully first and make sure you understand what it involves. Secured Personal Loans - What You Need To Know About Loans that are secured against property are called secured personal loans. They are suitable for when you are having difficulties getting an unsecured personal loan, are trying to raise a large amount, or you just have a bad/poor credit history. Understanding Personal Loans, Cash Advances and Payday Loans Have you ever been short on cash? Has an unforeseen event emptied out your wallet? Are you short on funds in-between paychecks? I am sure that many of you have found yourselves in this situation before. Don't want to borrow money from a friend or family member because you don't want them knowing your business? Now you don't have too. Payday loan: A Complete overview From different surveys, it is seen that the number of customers taking payday loan as well as payday lending companies are increasing frequently. If you are a person taking the payday loan for the first time or want to gather information regarding payday loan, then this article will be of great help to you. Guide to Personal Secured Loans Here is a useful guide to personal secured loans. A personal secured loan is the generic term for a loan. Why Student Loans are Better Than Credit Cards You need some more money for college expenses this semester. Do you whip out a credit card to pay for your books, or do you apply for a federal or private loan? Well, consider the options --With a federal loan, your interest rate will be low (around 5%) and your payments will be deferred until 6-9 months after graduation. Bad Credit Personal Loans - Pertinent Pedestal for a Financial Resumption In the arena of loan borrowing, there is hardly an opponent more difficult to tackle than bad credit. Bad credit implies that your personal credit history is integral and decisive in making the personal loan available for you. Seven Tips For Credit-Enhancing Your Business Loan What are the avenues available to businesses with weak credit profiles or to companies pursuing credit transactions that are perceived as too risky by credit providers? Many companies apply for credit at banks, finance companies or equipment leasing firms and are routinely rejected due to the high degree of perceived credit risks. When approaching a credit provider, it is helpful to understand what can be done to reduce the risk of a credit transaction in the eyes of the provider. Fast Payday Cash Loans Do you need fast cash to get your car fixed so you can drive it to work tomorrow? Is that computer you want on sale till Friday, but you're $100 short - and payday is Tuesday? If you need cash for something NOW and know that you'll be able to repay it in full on your next payday, then a payday cash loan may be just what you need to get you through.What are payday cash loans?Payday cash loans are one of the fastest growing segments of the financial industry. SBA Loan: Options, Benefits, and Lenders Part 2 of 2 In this second installment, we will further examine what kinds of SBA loan options are available, and for what kinds of businesses they are most advantageous. We will also discuss the different types of SBA lenders. What is Credit? Ever wondered what is credit? Credit is more than just a plastic card you use to buy things - it is your financial trustworthiness. Good credit means that your history of payments, employment and salary make you a good candidate for a loan, and creditors - those who lend money or services - will be more willing to work with you. A Guide to Finding Cheap Loans Finding cheap loans isn't always easy? it seems like every time you turn around new rates and fees are added and the loan process becomes increasingly frustrating with each new change that's made.Cheap loans don't have to be such a hassle, however? there are a variety of loan options available for people of all credit levels that allow you to get the money that you need without paying extremely bloated fees and interest rates. High Risk Personal Loans - Revive Frustrated Loan Hunting Attempts with High Risk Loans Bad credit seems like an unfinished business, you can't shake it off, and you can't move on without putting it away. Unfinished business is meant to be finished. Steps You Can Take To Protect Your Financial Information and Personal Identity From Fraud Financial fraud and identity fraud are one of the fasted growing forms of fraud. The first line of defense to protecting yourself begins with you. Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious There can be more to a bank business loan than making interest and principal payments. Your firm may get a great rate on its new credit line or term loan but you may cry on the way home when you discover the hidden fees and charges. Top 10 Ways to Avoid Loan Fraud Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Below you'll find the top ten ways to avoid becoming a victim yourself.
|
| home | site map |
| TIGER MEDIA© 2006 |