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Category Archives: Finance

Trade Risk Mitigation Solutions

Evaluate the political environment

Changes in the political landscape of a developing economy, may destabilize the import/export policies and foreign exchange rate. Also, such changes can usher in the collapse of the entire system. This includes a massive transformation in the legal and security environment bringing about disruptions in trade. Conduct a thorough research of the political background before you make your decision. The trade risk mitigation strategies that follow, curtail the probable losses that can unbalance your business plans.

Design an effective business model

A foreign country could be with diverse geographic features and market segments. Therefore, creating a business model catering to the demographics is a necessity. You may opt for a multi-part model with tailored strategies to suit the demands of each region. For this purpose, factor in the aspects like, social, economic and cultural differences, that influence the business environment. The model should elucidate all the indirect and direct costs including tariff and duty calculations, shipping methods, protectionist laws, etc.

One of the most significant determinants while creating a business model is understanding what the customers want. Try to learn about the market demand, so that you can focus on offering exactly what the people are looking for. For instance, whether the customers are inquiring about premium or basic products should be assessed. Once you have an in-depth perception, you can steer clear of supply chain disruptions.

Prepare an alternative plan

Lastly, devise an exit plan. Anything may happen – a flood, a political turmoil or infrastructural issues resulting from them. Therefore, while planning the model, you should make a calculation of the losses that you might incur in your venture. Establish and track the metrics that measure your failure or success level, and establish objectives accordingly.

Information of Fast Easy Payday Loan

I’ll explain fast easy payday loans to you in a simple manner. These are loans provided on a short term basis for small amounts to people to be repaid on their next pay day. These loans generally range from few hundreds to about a thousand dollars and generally the only security required is proof of a full time job or a fixed monthly income. You can consider them as a form of cash advance until payday. Now let us dive more deeply to look at the eligibility, interest rates and other details.

Payday loans are a well known source for short term loan and a lot of institutions are available to provide for payday loans in these places. You should ensure that you look for a reputed and a good source that provides fast easy payday loan.

Almost anyone who is above eighteen years of age and has a salaried job is eligible for a payday loan. You could even be out of job, and if you will be able to show a fixed regular income every month, you can still get a payday loan. These loans are generally for short term ranging from four days to eighteen days. The expectation is that the loan is until the borrower’s next payday, which normally in countries like the USA is once in every two weeks.

The process to get a payday loan is very simple and straight forward. You have to meet a payday loan provider and provide simple details about yourself – like your name, address, your job details and your checking account number. There are also providers who provide a no checking account payday loan, where you can get a payday loan even if you do not have a checking account. Once your credentials are checked, which normally takes between 24 to 48 hours, the loan provider will provide you with a check for the loan amount and normally will take a post-dated check, dated for your next payday from you for the loan amount, the interest and other fees included. If you are in urgent need for the money, you might even find a same day payday loan provider who might be able to provide a fast payday advance and release the loan amount within twenty-four hours.

These days, easy online payday loan providers are present, who can get your details over the internet, sparing you from the hesitation and embarrassment of standing in the queue or meeting a loan provider face to face. In these websites, you will be able to provide the same kind of details mentioned above. You should provide the checking account details where the loan amount will be credited after the credibility check. Also you need to provide an authorization to the loan provider to deduct the loan amount and other fees and interest on your next payday and these will be debited from your account on the said day. You might even find a payday loan calculator in these sites which would tell you the amount of loan you are eligible for and the interest that you might pay. As you can see this makes the payday loan process real simple.

All about Bad Credit Cash Loans

A payday advance loan is for those who have credit issues but also have an emergency state that needs some additional finances. You do not have to provide information about what you need the loan for, or in fact provide any information other than simply your job position and your bank information. Factors in the approval process are that you have a working checking account from which they will deduct the amount that is due when it is due and are assured a return on their finances.

You may not be turned down for bad credit or no credit and in many cases once the information that you offer to them is verified, finances are transferred to your checking account within hours of the application procees completion. Basic information is necessary; valid identification, checking account information and job status and information. Your lender will verify your employment status and your account activity.

As with any other loan, certain terms and conditions will apply such as the length of time you have been employed, and the direct deposit of your paycheck into your checking account. You must have residence in one place for in excess of a year and in most cases will need to be over the age of 18 to make the contract. Some bad credit companies will require you to make a certain amount of money each month, and assure themselves that you do not have loans with other payday advance companies into the bargain.

Much higher interest rates will apply than those which are charged for the normal loan. When you are looking for a new payday loan or for any source of credit, it is imperative that you research fully the information available to you and be certain that you get the best deal you can for your own advantages.

It is also imperative that you know and understand the loan process and how you will be expected to repay the loan. Most will deduct the amount from your checking account on the day that it is due, whether or not you can afford that payment. If you do not repay the loan in the day it is due, more interest accrues for which you are responsible.

If you find that you cannot make the payment in full, it is important for you to pay the interest at least so that you do not fall into default. Paying the interest alone does not touch the principle amount of the loan, but will help you to avoid a default.

Article Source: http://EzineArticles.com/878408

Info of Debt Reduction Solutions

1. Home Equity Loan or Home Equity Line of Credit. Your 21% charge card can be reduced to nearly 6% over night. How? By taking out a line of credit or equity loan against your home. Equity loans and lines of credit are available at low rates and banks are very willing to extend this service to you as your home is your collateral. Pay off all of your credit card debt with the loan and you will achieve debt reduction solutions immediately.

2. Replace high interest credit cards with low interest cards. Yes, in this day of low interest rates, many credit cards carry high interest rates. Ask your credit card issuer to reduce their rate closer to market rates. If they refuse to budge, consider applying for a low interest rate card from another provider. Transfer your balance to the provider offering the best rate.

3. Debt reduction solutions can be realized through the selling of other assets including: an extra car, antiques, jewelry, extra property, renting out property, or liquidating some other assets. Check around your home and see if there is something that you owe that can be sold on eBay or locally at a yard sale. Take the proceeds from your sale and pay down your debt, starting with the biggest debt first.

4. If you do not owe a home, or the home you do own has negligible equity built up then you cannot get equity from your home. Still, depending on your income, you may be eligible for mortgage refinancing below market rates. Check with your bank or local housing authority to see if you qualify for a low or moderate income loan. The savings you realize through reduced mortgage payments may help you pay down your debt.

Credit Damage

Today, there are legally accepted means for measuring loss of credit through the procedure of Credit Damage Measurement (CDM). CDM is fast becoming a potent tool for recoverable credit damage awards when the damage is not self-inflicted. Previously, both judge and jury, and especially the insurance companies, refused to acknowledge CDM claiming it was speculative because they could not define it as tangible damage.

However, in case after case, victims of credit damage who use the CDM method are getting compensation for credit loss. Many factors are changing the old mindset including credit bureau technology improvements, the application of the Fair Credit Reporting Act (FCRA), risk scoring sophistication, and the development of CDM as an objective, repeatable method that measures out-of-pocket damage reliably.

Credit Ratings and Recovery

The impact of a bad credit rating is much more significant than most people think. Consider what poorly rated consumers face when they want to lease or buy vehicles, obtain credit cards, buy or lease or refinance their residence. In most cases, it’s an easy decision for the creditor: the credit application is simply turned down or the borrower is charged a much higher down payment – maybe thousands of dollars more with monthly payments that are typically several hundred dollars more.

“A person with bad credit is viewed with suspicion and is charged significantly more for future extension of credit because the lender feels the need to protect against a greater risk or default,” says Tom Key, a civil litigator practicing in Tustin, CA.

“Over the years I have heard reports of financial damages from clients who have been wrongfully terminated, defrauded, injured in an accident or suffered losses from breach of contract,” Key says. “These victims were especially distraught over the fact that their prime credit reputation, carefully nurtured for years, is destroyed overnight. It seemed to me that there must be a way to compensate victims for that type of loss.”

Key has witnessed the reactions of many jurors who failed to award a victim of credit damage their rightful compensation simply because they could not quantify the damages. “Jurors want a specific loss that they can count, hold and see,” says Key. “Their reasoning is that they need to know that it is genuine. They have a tough time awarding damages based on sympathy. In order for them to confirm authenticity of a claim, they want to see its quantification.”

Measuring Loss of Creditworthiness

Assuring authenticity has been a sticky situation when it concerns measuring out-of-pocket loss for victims of credit damage — until now. Attorneys who represent victims of credit damage are now utilizing the Credit Damage Measurement method to recover out-of-pocket losses for their clients.

“CDM measures the actual out-of-pocket dollars reasonably expected from loss of creditworthiness, which includes higher down payments, higher points and costs on loans, higher interest rates, higher monthly payments, or outright denial of credit,” says Key. “In addition, the CDM method also calculates the rates, costs and other terms applicable to the resulting credit rating by lenders and projects the results over the relevant number of years for the types of loans the client is likely to seek.”

Key continues, “For example, if a client’s credit was near perfect before a triggering event, and is subsequently damaged by the event, the CDM procedure can illustrate before and after analyses, calculating the cost of the same loans with the two different credit reports, Pre- injury credit compared to Post-injury credit.” In many cases, CDM clients have already realized significant compensation. In one such case CDM was instrumental in recovering $56,000 for damaged credit reputation. “That calculation is the difference between what refinancing a $140,000 loan would have cost my client with their prior rating, and what it will cost them out-of-pocket with their damaged credit rating –measured over a seven-year period.”

Ways Payday Loans Work

Criteria to be met

Most lenders have three requirements that will qualify anybody to receive a payday loan or a cash advance.

  • The person must be a US citizen and over 18 years of age.
  • He/she must be employed and make at least $1000 every month. ($800 every month if he/she receives the income via a government program like social security)
  • Must have an active savings or checking account with an American bank.

That sums it up. If you satisfy the above mentioned criteria, then you can qualify for a payday loan within minutes. There is no pre-approval verification or unwanted documentation. If you look closely, you will find that there is no credit check either. This is one of the biggest advantages of a payday loan over others forms of loan. It means the payday loan lender will never look at you as if you have the worst case of an extremely contagious disease called bad credit. You can get a loan irrespective of your credit score. Once you qualify, you will either receive a check for the amount or it will be credited directly into your checking account.

Repayment

Borrowing money is always great until you have to repay it. Payday loans have to be repaid by your next payday. Let’s say your payday is on the 10th of every month and you borrow on the 21st of the month. Then you have about 19 days to repay the loan plus an interest fee (about $15 on every $100 borrowed). You can arrange for the money to be debited directly from your checking account on the next payday. Or, you can give the lender a post dated check that will be cashed on the payday. If you are unable to make the payment on the next payday, it can be extended to subsequent paydays. But the interest rates will keep mounting and additional late payment charges will also come into the picture. Believe me, you don’t want to do that. Some other repayment options offered by most lenders are

  1. Repay the loan amount and roll ahead the interest charges to a separate loan.
  2. Repay the interest amount and part of the loan and roll the remaining amount to a separate loan.
  3. Pay only the interest charges and roll the entire loan amount to a separate loan.

But if you look at all these, you will notice something common. They all require you to borrow another loan. Now, unless you have another emergency requirement for money, why would you want to borrow another loan? So stick to your plan and repay it as soon as possible. Here’s a tip. If you find yourself in financial emergencies more often than not, then you need to go back to the drawing board and review your finances. Do not rely on payday loans as a long term solution for all your financial woes.

Payday Loans Can Affect Credit Rating

The loans are simple, proof of employment is a simple paycheck stub, a bank account statement proves that you have a bank and are established that way, you write a post dated check for the amount of the loan and the fee amount and bang! You are finished. Well, you are finished with the loan application part of the procedure any way. For instance, if a person wants to borrow $200, they would write the check for about $240, to include the fee. Actually, it could likely be more than that but for the sake of argument, that is what we will say. Basically, this means, that the person who borrowed the money paid someone $40 to borrow money from them. Because the interest rates are so high on these loans they don’t advertise they just have flat rates for certain amounts.

If the people using these payday loans are not thinking ahead, but instead using them to have a weekend out it puts them in even more trouble. Those doing it for sheer desperation to get from one bill to another or to avoid bad credit, or a bounced check are in bad enough shape but the others are not thinking ahead enough to realize what they are doing to themselves.

If using these loans to attempt to fix a credit history the consumer is being foolish. The best way to fix a credit history is to put a budget in place and to follow it consistently. A budget, when done correctly, will allow for a small emergency savings but not for a payday loan. These are never a good idea and have no place in a budget plan.

When you are attempting to fix a credit history you will be concentrating on not making future mistakes. Leave past mistakes in the past. Trying to fix bad mistakes doesn’t do any good if you are going to go out and make new mistakes. New mistakes would include paying fees and high interest rates of a payday loan. Actually, paying interest on any type of new loan wouldn’t be a good idea at this particular moment in time. The last thing that a person trying to fix a credit history needs is more money to pay back.

In case of a real emergency there must be other options. Other things that a person can do to raise emergency funds would be things such as sell things, take on a part time job temporarily, and there are agencies out there that are willing to offer low-interest loans based on need. There are people out there who will help, a person just has to find them.

You must keep in mind however, if you have gotten a payday loan, you cannot avoid paying them back. You have already signed papers giving them permission to access your checking account and many have policies in place which allow them to dip into the funds that you have available there. This means not only the amount you wrote the check for but any other late fees which have accrued. These late fees are not a small amount either, these accumulate quite rapidly. To think that this could have all been avoided by simply not going to get this type of loan company in the first place.

Take Control of Finances

In case you are not in a position to take the consolidation loan, then you should opt for negotiating with your lenders. You take a plan of repayment to your debtors and show them how you are going to clear debts. No lender wants to take expensive and time consuming route of repossession of the property. Therefore, debtors may even lower the interest rate, reduce outgo in monthly installments and may increase repayment duration for your comfort. This will give much needed respite from the debts.

But if you do not want to negotiate on your own, to manage debts you need to have a debt management company. Job of a debt management company is to negotiate your debt related concerns with creditors on your behalf. The negotiations include extracting lower monthly payments to the lenders. The company even posts your monthly payments on your behalf. This is very useful in case you tend to forget making timely payments to various creditors. All you do is make a combined payment of your different monthly installments to the debt management company.

A debt management company will also do all the calculations for you to make out how much of payments you have to make towards creditors. So debt management is only a service and should not be mistaken for elimination of debts. You still hold those debts intact despite the debt management service availed.

There are number of debt management companies available online. When choosing a debt management company; make sure it offers credit counseling service as well. Credit counseling is crucial in strengthening you financially. A credit counselor offers you vital tips in making a budget such a way that you not only get rid of the debts but more than that it shows how to stay away from debts in future.

Whatever plan of action you adopt under debt management, stick to it. Never be casual in paying the installments as per the new schedule. Debt management is aimed at reducing the financial burden and that can be done also by cutting your unnecessary expenses.

Merchant Banks

Merchant Banking is typically the provision of guidance and service to corporate for a fee, which can help an entrepreneur start a new venture, raise capital, expand and modernize the existing business, restructuring a business or help companies register, buy and sell assets (shares) at a stock exchange.

Project Management: Merchant bankers prepare project reports to analyse the financing patterns to evaluate the cost of a project and appraising the same with financial institutions.

Management of Debt and Equity offers: One of the major functions of a merchant banker in India is assisting companies in raising funds from the investors. The main services offered are,

• Product designing
• Pricing
• Registration of documents
• Guaranteeing support
• Allocation and refund
• Manage Stock exchange listing

Management of Issues: These bankers play an important role in the management of issue that involves the marketing of corporate securities like equity shares, preference shares and bonds offerings to the public.

Merchant banks act as a middle man in aiding transfer of capital from investors to their client. Per the SEBI guidelines in India, a merchant banker in India, organizes meetings between the company representatives and agents to settle arrangements related registration of prospectus, launching advertising campaign and fix board meetings to pass necessary resolutions. These bankers also consult companies in the Pricing of issues. The merchant bankers also provide Underwriting of Public Issue (not exceeding 15%).

Client Portfolio Management: Managing a diverse array of securities such as shares, bonds issued by different companies to ensure maximum return with minimum risk.

Placement and distribution: These bankers assist in the allocation and distribution of securities through the merchant banks institutional and retail network.

Corporate Restructuring: These bankers act as the middle agents in negotiations between the two companies and assisting the management of its client for various to restructure activities such as mergers and acquisitions, divestitures, management buyouts, joint venture and more.

Off Shore Funding: The merchant bankers help their clients manage joint ventures, foreign currency investment and foreign collaboration arrangements.

Loan Syndication: Merchant bankers assist clients in getting term loans for projects, obtainable from a single development finance institution, a syndicate or a consortium.

Bad Credit, High Prices

It is easy to be manipulated into a contract that you think you can handle, for example with a two year cell phone contract. However, at any point in your contract the rates can increase dramatically… and you are trapped. The only way out of a cell phone contract is to pay an outrageous penalty fee. While your credit will be affected simply by needing to back out of a contract, it will be affected even worse if you are unable to pay the fee. A huge bill will be racked up in your name, and it’s not your fault. You’re a victim,

Cell phones target people with a bait and hook method. When you commit to a contract, you are rewarded with a lot of ‘free’ things that in the long run will cost you more than they are worth. Once your rate plan increases (with or without advance warning), if you are unable to keep up with the new monthly bill, you will end up with a negative credit report.

Cell phone contracts are just one of the many examples of how easy it is to develop bad credit. Credit problems are all too common, and there are many lending sources that attempt to prey on those with credit problems.

When you have a financial problem that requires financial assistance, having bad credit makes you vulnerable to lending sources that specialize in ‘bad credit loans’. Most of these loan options are another dangerous financial risk.

When you need a loan source, you shouldn’t have to settle for one that will make you pay an arm and a leg and your first born son just to get the financial relief you need now. If the need for emergency funds is urgent enough that you need a loan, there are better options than a ‘bad credit loan’.

The safest option for somebody with credit problems is a cash advance. A cash advance is the most affordable solution because the cash advance rates are much lower than what you would spend for a special ‘bad credit loan’.

Cash advances are offered with no credit check, so it doesn’t matter if you have outstanding credit, really bad credit, or (the worst kind) no credit, you still get the money you need at an affordable rate.

Cash advances are the safest solution available, because you are not committing to a lengthy payment plan. You are not facing the risk of late fees, increased rates, or any other ‘extra’ costs.

The only commitment you make with a cash advance source is that your cash advance will be repaid on your next payday. If you do have a history of bad credit, a cash advance is the safest way to access the emergency funds you need.

Cash advances are designed to provide you with the cash you need between paydays. You should never take more than you can give back, and a cash advance source will not let you borrow more than you can afford. Cash advance sources will qualify you for a cash advance that you are capable of repaying on your next payday, and the money you need will be deposited directly into your bank account, where you can easily access it usually within 24 hours.