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5 Things To Look For In A Car Finance Company

Sometimes choosing a finance company can feel like something of a lottery. You look at all the deals available, choose the one you like the sound of and hope that it is a good deal and that the company offering it are sound.

But by applying a few set criteria you can actually shop around and reduce the risk of going with a company that isn’t what you are looking for in a car finance company. But what criteria should you be using?

5 Things To Look For in a Car Finance Company

  1. Price. No matter what you read about choosing companies for finance, price has to be an important aspect of your consideration. It is a simple fact of life that no matter how good the approved auto loan offers are, we have a budget that we can’t afford to break. Stick to your budget and you’re avoid problems. So shop around and make sure that you are only dealing with companies that can give you approved car finance deals that are within your budget. Getting a good car is important, and applying for credit may help you get a better car today, instead of saving money gradually. Still you don’t want to break the bank.
  2. Trust? Can you trust the company that are offering you approved car finance? And before you answer yes or no have you looked around and compared the deals? Every company develops a reputation, whether good or bad, so it is important that you find out what that reputation is. Ask people that you know, ask on car forums, Google their name (and remember that all companies get some complaints – and what’s even worse, many companies get fake negative ratings from competitors).
  3. Age. You want to know that a company that is offering you approved car finance is not some shifty company that will end up going bust next month and forcing you to repay all the money you borrowed over night. So make sure that they are a company in it for the long haul… and a good indicator of this is how long they have been around.
  4. People. Can you get in touch with actual people? It’s all well and good being offered a good deal by a company but if you can’t speak to anyone when you have a problem then that can be a huge issue. Make sure that there are REAL people involved in the company. A tell-tale sign is the presence (or a lack) of a phone number on their website.
  5. The Fine Print. It is amazing how few people read the fine print after they sign their documents. They get too excited about the money and the car. But the fine print can be vital to any deal.

Such things as changing interest rates, fines for late payment, what control they have over the deal etc can make a massive difference to what you thought was a basic auto loan offer. So apply your due diligence and check out what they are really offering you by reading the fine print and asking questions.

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Lawsuit Financing Companies Use Critical Documents For Research

Companies that provide lawsuit financing have traditionally needed mountains of documentation in order to process a case. The information needed includes basic facts about the situation or incident and the person filing the claim. A great deal of research, background checks and information gathering is necessary to determine whether a plaintiff in a case is eligible for financing. Recent developments in technology have made the process less time consuming and more environmentally friendly for lawsuit financing companies to do the necessary work.

Document Production

A lawsuit involves a great deal of information being passed back and forth between plaintiffs and their attorneys. This allows the lawyer to become well-versed in all of the case’s facts so that they can make the best presentation possible for the client. This exchange of information includes police reports, insurance company correspondence, witness statements, financial documentation and, for medical-malpractice and personal injury suits, medical records from healthcare providers. Client communication and production of documents to the lawsuit financing company are also very important. This helps the company determine whether the case is viable and a reasonable risk to produce a lawsuit advance that will likely be paid back. Most companies have a contingency in the agreement that if the plaintiff does not win the case or receive a settlement, then they do not have to pay back the money. There is thorough review of these documents that are produced by the plaintiff to the legal funding company in the hopes of receiving financing. Medical records alone can sometimes fill dozens of boxes in documentation.

Reproduction
Naturally, the funding company cannot keep the documents, as they are needed by the attorneys for the lawsuit itself. Some of the items may even be personal property of the plaintiff, and they would like it back. Instead, the documentation must be copied and returned as quickly as possible. Due to new technology, this no longer involves photocopying documents on paper. The use of email and electronic correspondence requires very little, if any, paper to be used. Medical records are also more readily available in electronic formats than they used to be. Rather than producing carton after carton of paperwork, the client may come up with several DVDs or CD-ROMs containing the pertinent information. When this is not possible, the staff at the lawsuit funding company can scan the images to create electronic files. These are much easier to store. They take up less space, are not affected by moisture and are readily transportable from room to room or location to location as the finance team does its research on the case. A more environmentally-friendly approach, this is becoming the norm, rather than the innovation.

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Emerging Financial Stability, Banking Positive Moves

Indonesia. The government continues to maintain the stability of the financial sector is a source of liquidity for economic growth and development.

As the trend of economic growth continues to increase, the Chamber of Commerce and Industry (Kadin) Indonesia assess the rate of growth of the financial sector were also increased significantly.

“Nearly all of the banking sector until the middle of this year showed the stability of banking performance is maintained with an increasingly powerful intermediation in support of financing the economy,” said Vice Chairman of the Chamber Banking and Financial Rosan P Roeslani in his official statement.

Some of the performance indicators of the banking industry, he said, looks pretty solid development, as reflected by high capital adequacy ratio (CAR / Capital Adequacy Ratio) well above the minimum requirement of eight percent.

In addition, he said subdued ratio of nonperforming loans (NPLs / Non Performing Loan) gross under five percent. Banking intermediation continues to improve, reflected in credit growth to the end of June 2012 reached 25.8 per cent (year on year).

“With the developments in the banking industry, the expected capacity of the economy in the future may increase,” he said on the sidelines of the National Coordination Meeting of the Chamber of Commerce in Kuta, Bali.

Another positive indicator, outside of banking, capital markets and is a non-bank financial institutions are also part of the financial sector in Indonesia.

Nonbank institutions that help provide an alternative means of investment and financial planning for people that work pretty well. In general, the performance of the capital market and non-bank financial institutions until the first half of 2012 also showed significant progress.

Indonesia stock market scored positive performance throughout the first semester of 2012. In July 2012, JCI recorded an increase of 4.7 percent at 4142.34 compared to the previous month.

On the other hand, the government is expected to continue to support the growth of financial institutions and non-bank, with a range of government policies that support the financial sector.

Until now, the concentration of financial sector assets are still focused on the banking industry with a share of approximately 78.2 percent of the total assets of financial institutions. “Although the role of financial institutions such as finance companies, insurance companies and pension funds began quite prominent,”

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The Only Financial Services and Products You Will Ever Need

When it comes to financial services and products, it is very essential to find the best product that is suitable for you. These products and services have all different purposes and prices. Believe it or not, no financial service or financial products are free. The number one financial service that you want to take deep into consideration is perhaps insurance, but that is actually not my favourite. My favourite financial service can be found on the internet.

These financial services and products that can be found on the internet are seen as investment products by many people. This is simply because you are getting a return for your money. I also believe that it is an investment, but however it is classified as a service. I like this service or so called investment so much, because it fulfils everything, all financial services and products put together.

This financial service is usually in the form of an internet opportunity program. Even though it is in that form, it is regardless a great service. What I mean by this service being everything, is simply it will pay your bills, mortgage, pension schemes, and maybe every cost that you would otherwise would pay for using the bank. The best thing about this is that you do not have to pay back anything. It is like a business, some people treat this as a business because it is very simple and easy to remember. Having said that, you can correlate that as the answer to this article, the only financial services and products you will ever need is an internet opportunity program, or home based business, also known as services.

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Increasing Credit Union Revenue by Increasing Member Awareness of Investments and Insurance Sales

“Plans are only good intentions unless they immediately degenerate into hard work.” — Peter Drucker

Peter Drucker, the management guru, passed away in 2005. With his passing we lost a unique individual who made a significant impact on not just the American business landscape because the impact of his knowledge of business management was felt worldwide. He was known as the “Uber Mentor”

Drucker was not a big fan of planning for planning sake. He counseled his clients to get busy and implement the plan as the lead quote above indicates. He was also an advocate for learning from mistakes. He used to tell even the largest corporate titan, “What makes you think you’re exempt from the normal bumps and bruises of life? The question isn’t, do you make mistakes? It’s, do you learn from them?”

As we approach the second half of 2009 our focus will gradually shift to looking at next year and the upcoming planning process associated with 2010. We are working hard to make 2009 a successful year but simultaneously learning from the mistakes and successes of 2009 so we can finish this year in a strong fashion while laying the groundwork for a successful 2010. I am going to focus on a key strategic concept that I believe will play a big role in the growth of our credit union partners in 2009 and beyond. This concept concerns the credit union membership participation in the investment services program.

 

One of my favorite Peter Drucker quotes is as follows, “Innovation requires us to systematically identify changes that have already occurred in a business — in demographics, in values, in technology or sciences – and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: abandon rather than defend yesterday.”

One such opportunity involves looking at how we can expand the awareness of the investment and insurance sales programs (program) within our credit unions and thereby help more of our members achieve their financial dreams. Let’s look at the membership penetration opportunity.

According to the 2007 Callahan & Associates Credit Union Retail Investment Program Benchmarking Report the average financial consultant gross commission (GDC) was $268,296. The aggregate GDC per million dollars of share deposits was $888.00. The average number of accounts per financial advisor was 760. So from an industry perspective we could use such data to gauge our progress and to forecast our expectations for next year. The danger of course is that while benchmarking data is useful an aggregate approach takes into account programs that do not look like yours and therefore tends to skew the results toward those higher performing programs. So at face value you may determine that you are either above or below the credit union averages. At least it’s a good place to start. In addition we should factor in economic data into this “top down approach”. We need to have an opinion of how the economy will impact our members’ ability to achieve their financial goals. In addition your broker dealer should factor in how the economy will impact their ability to deliver the products and services to help your financial advisors solve your credit union members’ financial problems.

One such “bottom up” approach is to set a penetration or participation target. For example, if your credit union currently has a participation rate of 2% and your membership is 40,000 then you have 800 investment accounts. Last year your program generated $365,000 in gross dealer concession (GDC). If last year your penetration was 1.5% you moved the needle from 600 to 800 net new accounts. If you have 3 advisors on your team that equates to an average of 67 net new accounts per advisor. That is a pretty good increase. We would than take a look at how we did that and hopefully repeat it next year. Or better yet, now that our team is a little more seasoned, let’s move the needle higher say to 3.0% in 2010. That will be a net increase of another 400 accounts (assuming your membership numbers are static which I hope they are not and continue to increase).

These are net numbers so I am also assuming that we are doing a great job of retaining our existing investment clients. If not, the gross number of new investment clients needed will be correspondingly higher. We can then take the expected net new member client number, in this case 400, and multiply it by the average investment account balance for our credit union. Let’s assume it is $30,000. Let’s also assume an average commission paid on an investment account is 4%. So, $30,000 times 400 = $12 million in new investment dollars. Multiplied times 4% gives us $480,000, the projected revenue from new member clients.

In addition to the new member forecasted number, let’s assume you have an existing investment book of $50 million. What can you expect to generate from that book. Well, credit union programs don’t operate like a wire-house such as Merrill Lynch where the advisors are much more transactional because of the individual equity trading so as a result they might turnover their book at a rate of 1% each year. Our members typically have mutual funds and annuities in their portfolios which are “buy and hold” investments and should not be churned unnecessarily. Nonetheless, there is still a need to meet with our members on a regular basis and adjust their portfolios based on life changes or add new assets. Many of these activities will not incur commissions but some will. So conservatively if we estimate that each of the existing members that have investment accounts were to invest an average of $10,000 additional dollars that would account for $8 million in new investment dollars from the existing book equating to $320,000 in revenue.

The turnover needle can also be moved higher as we become more proficient at managing our book of clients through regularly scheduled meetings and marketing initiatives. Does an advisor have too many clients? Is an advisor losing as many clients as he/she is bringing in the door? Are we contacting our clients often enough? With the increased effort to promote the program comes a commitment to improve the skills of your advisor team. The two efforts must go hand in hand. The last thing you want to achieve is an increase in referral activity only to have your members walk away in disappointment from their experience at the investment desk.

So our sample credit union investment team might forecast a minimum goal of $800,000 based on $480,000 in new member client revenue and $320,000 in existing client revenue. If they have 3 advisors they could divide the goal evenly or if there is a disparity in the size of the advisors book and/or experience one might carry a larger goal say $300,000 and the other two would have a goal of $250,000 each.

Such an approach to revenue forecasting is not an exact science. Factors such as the composition of the investment book, experience of financial advisors, referral program success, management support, marketing initiatives and member retention are just a few of the factors that will determine the ability to increase membership penetration and increase revenue from the existing book of business. But it is this kind of close examination of our business and partnering in the goal setting process that will afford all parties involved; the financial advisor, the credit union and the broker dealer the opportunity to achieve your goals. Ultimately it is the credit union member who wins as you increase their awareness of your ability to help them reach their financial goals. Isn’t that why our doors are open in the first place?

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Financing Your Business

Now that you have decided on what sort of business that you want, it is time for one of the most painful parts of buying into a business – yes, the financial side.

Money is the root of all evil is a phrase that’s been bandied around quite a bit, and with the economic climate still in a rather delicate position, buying a business is not as simple as it sounds.

The ideal scenario is that you already have sufficient funds at your disposal. For instance, you may have been made redundant from your old job and you may have received a hefty redundancy package – or at least one that’s enough to help you buy a business. The other alternative is that you have enough funds in the bank anyway. Whether you were working in a high-paid job and chose to form your own business; whether you received inheritance money; or whether, in a vast miracle, you won the lottery, you may have enough money to buy your chosen business outright.

The more likely scenario is that you will have to borrow money, and again, the economic climate means that banks or businesses aren’t quite as willing to pay out as before. That means that you have to put your case to them, and also make that case as convincing as possible.

The two alternatives are both vendor financing and bank loans. Vendor financing takes place when a person or persons selling their business are wiling to lend the buyer part of the money needed. If you do not have the right amount of money, it may be possible to ask the vendor if they are willing to take whatever money you can afford, and then pay the rest back in installments.

It’s a good idea in principle, but be aware of a few things. For one thing, the vendor may wish to charge you interest, and may also want to use whatever assets you have as security, for example your home or any other property that you may own. If for whatever reason you cannot pay back the outstanding sum or if the business goes bust, be aware that you may have to pay the forfeit with your property – so make sure that vendor financing is a suitable option and that you know the risks.

But then the same could be said of a bank loan, which normally involves a bigger sum of money to be borrowed. And the vendor will certainly be happy when the sale goes through, since it will take a shorter period of time.

If you do choose a loan, one element that may be on your side is that your chosen business may be well-known. It’s also possible that you may have decided to buy into a franchise. Banks regard franchising as a safer bet, since the majority of franchises actually work out, and also most franchises tend to be high profile names. But equally, buying your own business may impress the banks if there is proof that that business has a solid track record and a history of making good money.

One of the best methods to prove your case is of course, producing a business plan. Providing that potential candidates come up with a good, well worked out plan, the chances are that they’ll succeed in paying back the money.

The advantages of producing a good plan will allow you to have a clearer understanding of what is required (a benefit in itself), and will prove to the bank or the vendor that you have a clear vision in your head of where the business will be heading. The plan needs to demonstrate that you have a solid grasp of the business opportunity and its projected financial forecasts. Of course, a bank or vendor is only going to respond to the people that can actually pay the money back.

Unfortunately, it’s rare that banks lend you all of the money, and with escalating costs, you are going to need to stump up some of that money yourself – call it the equivalent of a mortgage deposit. You will also need to bear in mind that you need liquid capital to support yourself during the first few days of your business. So work out the costs, calculate a worst-case scenario, and that way, you won’t be unpleasantly surprised.

When looking for potential businesses though, don’t just settle on the cheapest option. While there are plenty of affordable businesses out there at good value prices, you still need to make sure that you are compatible with the business and that the business is compatible with you in terms of interests, knowledge and skill. Don’t just settle on the first cheap business that comes along – make sure it’s the one for you.

If you want to choose a bank loan, a good idea is to shop around – talk to different banks to make sure that they know what they’re talking about and that they have the right amount of knowledge to support your aims and ideas. The ones who understand your own particular business needs will be worth considering. It’s also worth checking out which ones offer the best deals and support. Either pay a visit to your shortlist of banks in person (which will allow you to make that initial contact) or trawl the web for any potential lenders. Understand the different incentives and offers, such as free transactional banking terms, payment holidays as well as the charges that the banks may put on you for security costs and valuation fees. It’s also worth familiarising yourself with all the business jargon, legal terms and small print that may prove to be a problem.

In short, the key is research. Do research on the affordable businesses that hold potential for you. Research the banks that offer the best deals. And prove that you have the research skills by producing a sound business plan. That’s the key – now unlock.

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Lawsuit Financing Companies

Attorneys, law firms, lawyers, beneficiaries or clients usually form lawsuit-financing companies. Lawsuit financing companies can also provide appeal finance, firm finance, custom finance or estate finance.

Many lawyers and attorneys create lawsuit financing companies based on their experience and the types of cases they encounter the most. Attorneys and lawyers with expertise in personal injury lawsuits or patent lawsuits help by providing cash advances and support in their fields.

Lawsuit financing companies provide many financing options. With a significant monthly fee, a few lawsuit financing companies may help to settle the case faster. Though a large variety of options are available, the plaintiff has to discuss with the attorney which option is best suited to him.

The lawsuit financing company and the plaintiff can make an agreement of the amount of share the lawsuit financers would obtain after the settlement or the verdict is known. This is called “flat fee”. Apart from the flat fees, the plaintiff has to pay a minimum fee every month, called “recurring fees”, to the lawsuit financing company. This recurring fee can be as low as 2.9% in the case of a few lawsuit financing companies, or could be as high as 15% with other companies.

It is the financing company’s decision as to how much to pay as the cash advance. Lawsuit financing companies pay from $1000 to about a million dollars depending on the case.

Every lawsuit financing company would have a team of lawyers to assess the strength of the case. The key is to avoid funding frivolous complaints. Thus the financing companies will scrutinize the complaint and decide the chances of success of the case.

Lawsuit financing companies do not term their cash advances as loans but as investments. The applicant has to repay after the verdict. Usually the monetary settlement that is obtained after the settlement by the court is larger than the company’s advance. The lawsuit financing company should be paid the principal and the predetermined share of the monetary verdict.

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Heavily in debt, MU Offer Shares

England football team, Manchester United, said it would offer 16.67 million shares at a price of 16 dollars and 20 dollars. Maximum value will reach 3.3 billion U.S. dollars.
The team chose to list their stocks in the U.S., after a year off in Hong Kong and Singapore.

Manchester United had to fight against the entanglement of debt, after being acquired by Malcolm Glazer finance of Florida in 2005. Glazer and the club will each sell half its shares. Proceeds from the sale of shares, will be used to reduce the debt of 423 million pounds by March 31 to 345.4 million pounds.

Glazer family will remain the dominant shareholder, after removing 89.8 percent of the shares of class A and B. Sales of these shares will likely have a big challenge in the U.S. market, because it looks less publicity compared to the stock offering other sports clubs. Furthermore, football is also not a favorite sport in the U.S..

The club’s financial statements also make investors wonder. Revenue for 2011 was estimated at 315-320 million pounds, down about 3 percent to 5 percent from a year earlier, due to decreased revenue from games such as ticket sales and advertising are both down.

On the other hand, expenditures have increased 4 percent to 5 percent, because there are additional players and staff salaries. The determination of stock prices based on the expected profit of 21 million pounds and 23 million pounds this year. This calculation makes the stock price to earnings ratio for both series A and B 95 times.

The club is only making a fortune, because crediting a tax of 27-29 million pounds.
Details regarding the sale of its shares is disclosed, together with the signing of the sponsorship agreement with General Motors for seven years starting in 2014. Value reached 600 million U.S. dollars.

Manchester United will begin offering on Wednesday, not only to the United States but also to Europe and Asia.

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Tips to Finding the Right Equipment Financing Companies When Looking to Finance Used Equipment

As you look at different options to get the equipment you need to either expand or keep up with the competition, you may look into leasing used equipment. If you can operate used equipment, this may be a great option for you since it is much cheaper and you do not pay for the expensive first few years. Financing used equipment is a little different than financing new equipment and as you look into equipment financing companies there are several things you should be aware of.

First of all make sure that the equipment financing company actually offers used equipment loans. Due to the increased paperwork and effort in financing used equipment, inventory and dealing with agents and older equipment, many financing companies do not offer used equipment loans. Look for a company that not only does loans on used equipment but sells equipment from their inventory. This could help on lease terms and financing options if they want to get rid of some of their inventory.

Make sure the company isn’t too rigid on their loan terms and don’t have too many restrictions. Some companies have strict rules on the financing used equipment. They may only make loans on equipment that is 5 years old or newer, less than 100,000 miles or limit the terms to 36 months or less. You business or needs may not fit into the companies criteria. If they can’t meet your needs there are companies that can. Each company is different and may be in different financial situations. You are trying to build a relationship with the finance company and they should be able to meet your needs.

Choose an equipment financing company that doesn’t use a third party appraisal. This is especially true for loans under 150,000. The company should be familiar enough with the equipment that they would not need to get a third party appraisal and more importantly have you pay for the appraisal. You should be able to effectively convey to the condition of the equipment so that the appraisal isn’t necessary.

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Finance Companies – Tips on How to Select the Best

Finance companies are designed to provide leasing or hire purchase contract to many business owners. They are there to help you achieve your business or investment opportunities. There are many things that you need to put into consideration when you are looking for one that will provide you with the services that you need. You will need to do research since there are many finance companies that have come up in the market, making it competitive. Some of them provide funding with the aim of marketing their products and/or services.

Others are part of major banks while there are those who are members of financing and leasing associations. Since there are many finance companies out there, it is only advisable that you search for one that has a reputable background. A good reputation and the fact that the company is a member of the finance and leasing association is the kind of company you want to deal with.

When you settle for a particular finance company it is also vital that you fully comprehend the contract you have with them. It should be in agreement with any verbal or written quotation. They should openly inform you of any penalties that may be incurred in every situation of the agreement. You should avoid companies that have hidden prepayment penalties. It is important that you are aware and understand the terms and conditions of the company before you sign on the dotted line.

If you are leasing equipment from the company, ensure that it is new or in superb condition. Be aware that once you select a finance company that you are in a long term agreement. It is advisable that you go for a company that can give you the flexibility to change between the fixed and floating rates without charging you extra.