Emergency Funds – Term Loan Or Credit Overdraft Account
It is the twentieth century and no longer do people keep a sack of currency notes in the corner of the bedroom for emergencies. When it comes to making preparations for a buffer of emergency funds, there are actually countless avenues that are available to the general public. But it almost always will be 2 choices that…
Risky Nature Of Acquiring Real Estate Using Home Equity Loans
While financial freedom gurus and seminar junkies might insist that going full leverage to build a real estate empire, it is a rather risky move when you are an inexperienced investor. The self-defeating irony is that the people most receptive to such radical ideas are newbies. Imagine if you had gone waist-deep into debts against everything you…
7 Crucial Items Evaluated For Company Loan Applications
As you can expect, instead of conducting their own audit on your accounts, lenders focus their attention span on just a few critical items from a company’s financial statements when assessing a business loan application. Whether your request for funds get an approval or immediately rejection is more often than not, dependent on one (if not all)…
How Lenders Assess Bank Statements For Business Loans
There is no standard credit criteria that is applicable for all companies trying to get a business loan. Different lenders will have their own guidelines passed down to their analysts. Even different companies can go through different sets of guidelines when they are at the same lender. The differentiating factor that groups applicants to different categories, thus…
Psychological Barriers Of Taking Your First Loan
When is the last time you considered a personal loan? This is a question that will have varied answers. Some people might say that they need cash now to purchase a diamond ring for his loved one, and then other people will answer that extra money is required to arrange for a small get together party to…
Using Credit Facilities Can Induce Responsible Behavior
It is generally believed that if one is allowed to use credit facilities to pay for his expenses, things can possibly spiral out of control he would soon be spending money in a most irresponsible way. Recent studies, however, have shown that a person who uses credit facilities like credit cards tend to be more responsible than…