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Finance Services

Rural Finance and Rural Credit

In a densely populated, metropolitan landscape it can be easy to forget that the majority of India is rural. Finance companies have recognised the distinctive needs of pastoral India and designed schemes exclusively for this sector.

Rural finance is a line of credit specifically intended for the requirements of the agricultural industry. Ranging from mortgage assistance to land development and farming equipment, these credit plans are a significant aspect of rural and semi-urban support. In a country like India, where agriculture continues to play a central role, farming finance is a service closely related to the continued progress of the country.

A number of banks and finance companies have begun to specialise in offering credit to farmers. Appreciated as a key impetus in poverty reduction, this type of support can greatly assist regional development and growth. The creation of a business model that takes the unique needs of non-urban India into account, along with the unique challenges, is the key to success for companies working within this field.

The customer seeking rural credit is often at a lower position on the economic scale. Agricultural assistance must concentrate more on future earning power than the borrower’s current position. As with any loan, the lender should reasonably demonstrate a capacity to repay the amount borrowed, but in the case of credit for farmers, providers are often dealing with lower income groups. Understanding this customer is essential.

Finance in this sector has the added benefit of supporting further work in regional areas. As banks and financial services continue to extend their services into rural India they are generating employment in the vicinity. This employment ensures that customers can relate to the local face of the institution. It also represents a significant basis for skill development.

The conditions surrounding rural business are never constant. Ruined crops, bad monsoon seasons and natural disasters are just some of the ever present, largely uncontrollable factors. Those offering services in this area must commit to supporting their customers through both turbulent and growth patch of time. If this can be achieved, rural finance has a huge market to work in.

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Finance Services

How Can Business Financing Services Help You?

Are you planning to start your own small-scale business? You will certainly require finance or enough capital for it. You can seek the help of different business financing services for getting the desired amount. Some of the available options are as follows:

Bank Loan

This is a common business financing service, which has been around for many years. You can secure a loan quite easily, provided that you have a clean credit history. However, you will have to collect many documents for receiving the loan. You will also have to provide evidence which can prove that you have a clean credit history. It can be time consuming at times and the process can take anywhere around two to three months. This is the reason why people have started resorting to newer business financing options.

Private Funds

Private funding is another popular business financing service. However, it is important that the source is credible. This is why you should be cautious while opting for private funds. Small-scale firms in particular choose this particular financing service. You can easily find private investors who are willing to invest money in small-scale business ideas. However, the business idea will be thoroughly evaluated by the investor before sanctioning the amount.

Commercial Loans

You will have to fulfill many paper requirements for securing a commercial loan. Some of the documents or papers that need to be collected are as follows:

* Copy of your business plan
* Financial statements
* Credit report
* Tax returns

The commercial bank will also evaluate your credit capital before sanctioning the loan. Some of the other factors that will be evaluated are as follows:

* Character ( reputation and social standing)
* Capacity of your business cash flow
* Reason for securing the commercial loan

Factoring Invoice

You can also receive the required funds from factoring companies who will purchase your outstanding invoices. Your company can thus get immediate cash for settling outstanding payments, if any.

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Finance Services

Ranked BCA remains at ‘AAA’, BCA Finance Bonds ‘AA +’

JAKARTA – Fitch Ratings has affirmed the long S PT Bank Central Asia Tbk (BCA) at BBB-. While the national long term rating is AAA. Outlook of the two ratings is stable.

BCA ratings reflect the track record of strong financial performance in comparison to domestic banks in the region. Stable outlook reflects Fitch’s expectation that the bank will be able to maintain a healthy profitability and capital position, without significantly reducing the strong asset quality.

While ranking short term IDR at F3, support rating of 3, support floor and viavility rating BB + rating bbb-.

BCA Finance Bond Rating AA +

On the other hand, Fitch has assigned a rating of AA + for long term national rating of PT BCA Finance. Then the short term national rating at F1.

So is the plan to issue bonds worth Rp3 I-2012, 5 billion are rated AA +. The same rank was given to bonds and bonds 20 120 III-IV-2011. Then I-2010 subordinated bonds at AA-

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Finance Services

How To Start, Build, Maintain, Or Fix Financial Freedom And Security

Ok, now that you’ve taken the first step to becoming financially independent and secure, I’m going to share 10 ways to start, build, maintain, or fix your financial situation/circumtance.

1. Establish and maintain motivation to being financial secure.

2. Don’t get discouraged if it’s taking a while. Patience and consistency are key elements.

3. Financial freedom, security, and wealth come from multiple avenues of income. Unless of course you’re fortunate to inherit wealth.

4. Start small and work your way up. Taking too big of a step could be overwhelming.

5. Open a savings account. Starting with a savings account allows you to put away money that is earning interest. Therefore, your money will be generating a small income. REMEMBER:start small. Be dedicated to putting money into the account on a frequent basis. (A specific amount is good, and you should set a specific reoccurring time to put the money in the account, like every paycheck or once or twice a month.) TIPS: It’s more helpful if you don’t touch the money at all unless it’s an emergency.

 

6. Establish an emergency fund. This allows you to have money on hand in the event your regular income can’t cover your expenses. (You could open another savings account for this.)The amount can be determined by the most costly expense you might encounter such as car transmission, roof leak, etc. $2000 is a good starting point.

7. Once your savings account reaches the necessary minimum to open a CD(certificate of deposit), transfer the money into a CD. This will earn more interest than a regular savings account. (Note: the more you put in and the longer you set the term, the more interest you will earn. CDs usually start at $500, and terms generally run from 6mos-5yrs. Some banks offer large minimums with short terms that have promotional rates that are higher than regular CDs, wachovia bank is one of those banks.)

8. Once you’ve started a small money generating agent and set aside your emergency fund, then you can start working on your debt. You want to pay more on your balance than the minimum requirement. **You can work on your debt before opening a CD, but you shouldn’t work on debt before establishing a money generating agent and an emergency fund. If you don’t have a back-up (emergency fund and savings) for your primary income, you’ll most likely need to use some form of debt product (loans, credit cards, borrowing from friend/family) in an emergency situation or when your primary income doesn’t cover your expenses.**

9. Research other means to occur avenues of income. Some starters are paid surveys, bonds, stocks, mutual funds, investments (real estate, businesses, etc.), IRAs, money market accounts, more CDs, etc. **The more avenues you have, the more income you will earn, therefore, building and maintaining financial freedom/seurity/wealth.

10. DON’T GIVE UP! and stay with it. There are many ways to build something, however, there’s one principle that must always be present, STARTING WITH A STRONG AND SOLID FOUNDATION!

In closing, remember that financial freedom, security, and wealth is established by multiple avenues of income. You should always have an emergency fund or back-up fund for your primary income before working on debt to ensure that you don’t have to rely on debt products for help. Start small with money generating sources, too big of a step could be overwhelming financially. Don’t look at putting money aside as a bill, look at it as self financial promoting or as a self made retirement tool. Always keep in mind, patience and consistency, and stay motivated and encouraged. Beginning with the first five steps will help you establish a strong and stable foundation to build off of. Good luck and stay positive!

Categories
Finance Services

Bank

Regarding the meaning of the bank can be sure everyone understood, well studied in school or any school not certainly know the general meaning of the bank. Although not everyone has savings in the bank, but the bank said often encountered in daily life, such as advertising on TV ads that often the bank, or when traveling we see the bank building.
I think we all agree that the short meaning of the bank is a place to save money or to save money, and also a place to borrow money. In this article we will discuss a complete understanding of the bank, from the origin of the word bank, banks in general terms, and the terms of the bank by government legislation shrimp.

The origin of the word is from the Italian bank banca meaning the money changers. In general terms the bank is a financial intermediary which is generally established with the authority to receive deposits of money, lending money, and issue promissory notes, known as the Banknote.
While understanding the bank according to the Law of the Republic of Indonesia Number 10 of 1998 Date of 10 November 1998 concerning banking is a bank is a business entity which collects funds from the public in the form of savings and channel them to the public in the form of loans and or other forms of order to improve the living standard of the people.

From understanding the bank under the Act of the Republic of Indonesia Number 10 of 1998 can be concluded that the banking business covers three activities, namely to raise funds, distributing funds and providing other banking services. Activities of collecting and distributing funds is the main activity, while banks provide banking services only other supporting activities. Fund raising activities, such as collecting funds from the public in the form of demand deposits, savings and time deposits. Usually he is given an attractive remuneration such as, flowers and gifts as incentives for people to be more than happy to save. Activity funds, in the form of lending to the public. While other banking services provided to support the smooth operation of principal.

Understanding bank

The existence of the bank would provide benefits to many parties, among other benefits

1. As an investment model, which means that derivative transactions can be used as a model of investing. Although in general are kind of short-term investments (yield enhancement).

2. As a way of hedging, which means that derivative transactions can serve as a way to eliminate the risk by hedging (hedging), also referred to as risk management.

3. Pricing information, which means that derivative transactions can serve as a means of seeking or providing information about a particular commodity prices in the future (price discovery).

4. Speculative function, meaning, derivative transactions may provide opportunities speculation (speculative) to changes in the market value of the derivative itself.

5. Production management functions running properly and efficiently, which means that derivative transactions may give an idea to the management of production of a manufacturer in assessing the demand and future market needs. Apart from banking functions (bank) primary or derivative, then that needs to be considered for the banking sector, is a philosophical purpose of the existence of a bank in Indonesia. It is very clearly reflected in Article four  (4) of Law No. 10 of 1998 which explains, “Indonesian Banking aims to support the implementation of national development in order to improve equity, economic growth and national stability towards improving the welfare of the common people”. Reviewing more in the bank business, the bank (banks) Indonesia in conducting its business should be based on the principle of economic democracy that uses the precautionary principle. 4 This is, clearly illustrated, because philosophically bank has the function of the macro and micro process of nation building.

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Finance Services

Does Network Marketing Offer People a Real Chance of Creating Financial Security and Independence

This unique business has millions of distributors doing billions of pounds in sales annually. It is conducted in nearly 100 countries around the world. It has been praised by leading business people and also by heads of state for boosting the economy. Yet most people in the UK are still totally confused by it.

Network marketing has created many millionaires and spread that excitement to millions more, but just what are the realities of this business?
So what is network marketing?

Network Marketing is based on the concept of ‘networking’. We all have a circle of people we know through the circumstances of our daily lives and each of these people will have their own circle of acquaintances, colleagues, family and friends. Network Marketing involves tapping into these networks not only to sell product but also to offer the business opportunity to potential new distributors who then start the process of developing their own networks for selling and recruiting.

In network marketing, services and products are distributed to the final consumers through a network of independently contracted distributors or agents (also known as consultants). These distributors are then financially rewarded in two ways: a) from commissions and overrides from sales generation and b) for their contribution to the building up of the network by getting new ‘recruits’ to be downline distributors. The network marketing business model works because of the price differential that is generated from the distributor to the consumer. If the recruits of the one you recruited generate sales, you get a percentage of the price differential for the sales, and so on.

 

Network marketing is usually associated with pyramid or ponzi scams. This is because the main structure of the two models can be quite similar at first glance. However, if one takes a closer look at the models, there is one big and defining difference between them. The main difference between a legal network marketing firm and a pyramid scam is that the first one offers real products and services, the latter only promises opportunities and generates money from the cost of entry of the recruited members. A pyramid scam re-channels the incoming funds from the fees that newly recruited ‘members’ pays for entering the scheme and does not generate any kind of profits from other endeavors. The masterminds of the scam benefits while leaving most, if not all, of the downlines in financial burdens.

o As the networks widen, so the individual leader benefits not only from their own sales but also a percentage of the sales from their network. As more people join the network, so residual income increases.
o network marketing allows its distributors not only to network outwards in order to sell the product but also to benefit from their downline’s downline, either to a limited depth or ad infinitum. However, the two terms tend to be used fairly indiscriminately.
o As with any other home-based business, distributors need to work hard and have courage and determination. Finding a good sponsor is just as important as finding an interesting product and a good compensation plan which offers flexibility and just reward for effort. Contrary to expectation, the newcomer has the same potential for success as the long-term sponsor provided that the necessary research and skills training takes place. It is not necessary to be ‘in at the beginning’ and in some cases it may prove more difficult and risky to join at the beginning than to join a plan which has reached a more mature phase. Network Marketing is particularly suited to married women with family commitments as it offers them an opportunity to start a business on a part time basis with very little capital. The opportunity now exists for enterprising women to use their talents and the skills gained from motherhood to build businesses based both on selling and on finding and supporting the efforts of others.

There are 2 trends that are driving this industry forward:
a. General shift towards self-employment.
b. People’s quest for a better lifestyle – They no longer want to work 40 or 50 hours a week just to pay bills.

For many people Network Marketing is the only way to Create Financial Freedom in the UK today.

One business magazine wrote “Network marketing is so far ahead of the competition when it comes to money and lifestyle that is in a league of its own.”

With a traditional career you only get paid for the hours that you work. When you leave your employment your monthly salary stops and all you are left with is experience and perhaps a pension, which is rarely enough to live on. Network marketing is entirely different – Your efforts are multiplied by helping people succeed with their businesses, so that your investment comes back many times over, to create time and financial freedom. The longer you work at it, the easier it becomes. The more you help others become successful, the more successful you become.

“Network marketing offers people an opportunity to build a business of their own, with a small amount of capital, in their own time and with the help of a sponsor who is willing to help them every step of the way”. Prime Time Magazine

As you leverage your efforts you create a ‘residual income’ – by helping enough people become successful. Over time, you can build a truly passive income that keeps paying you long after you have done the work.

Network marketing offers people an opportunity to build a business of their own, with a small amount of capital, in their own time and with the help of a sponsor who is willing to help them every step of the way”. Prime Time Magazine

As you leverage your efforts you create a ‘residual income’ – by helping enough people become successful. Over time, you can build a truly passive income that keeps paying you long after you have done the work.

Consider this-
According to a study conducted in the USA in 1995, ‘Out of 100 people who are working at age 25, by the age of 65…

o 63% are dependent on Social Security, friends or relatives
o 29% are dead
o 3% are still working
o 4% have adequate capital for retirement
o 1% are wealthy

Questions normally asked about Network Marketing .

Q.Can Network Marketing be done successfully part-time?

A. Absolutely…it’s very common in fact. You can start your Network Marketing business on a part-time basis without giving up your current source of income until your Network Marketing business is generating the income you require. And the best part is that you can continue to operate indefinitely on a part-time basis. What would you do if you were financially independent and most of your time was free to do with as you pleased? This is why so many people are flocking to Network Marketing. And that’s why we say that Network Marketing puts the freedom back in free enterprise!

Q. Do I have to sell products door-to-door or hold parties or meetings?

A. No. One of the greatest features of Network Marketing is that success can be achieved using a wide variety of methods. You choose the methods that YOU are comfortable with. Within Tiscali we use amazing internet technologies . No delivering products, no collecting money, no party plan meetings!

Q. Isn’t Network Marketing one of those pyramid schemes?

A. Definitely not. Though Network Marketing and pyramid schemes do share some similarities, there’s a very important difference that makes the latter illegal.You see, in pyramid schemes, income is generated solely on the process of recruiting others into the pyramid. Sometimes a product or service of questionable value is involved(that is never retailed to the general public by the way), but generally what you’re buying is the right to recruit others into the scheme. This is illegal. Also, in pyramid schemes, those who get in first and who are at the top win, while everybody else loses. In a legitimate Network Marketing company, on the other hand, distributors are paid only on product movement; not on recruiting. Both at wholesale and retail. There’s also compensation based on the training and managing of your marketing team. And unlike illegal pyramids, in Network Marketing, no matter where you’re positioned or when you join, you can advance to the very highest income levels and even make more money than those above you in the network.

Q. I’m not a salesperson, so this probably isn’t for me.

A. Actually, studies have shown that people with no sales experience do great in Network Marketing. In fact, the studies show that they often do better than those with previous sales experience. This is because Network Marketing isn’t about selling; at least not in the way most people think of selling. There’s no place for arm-twisting or high-pressure techniques in Network Marketing. Rather, Network Marketing is simply about sharing the concepts and products of your Network Marketing company that you use and you’re excited about.

Q. How much money can I make?

A. The bottom line is you’ll get out of it what you put into it. It works…if you do. But that’s the beauty of it, too; you are in control; it’s up to you how far you take it. And don’t forget, the income you create in Network Marketing is residual. This basically means that for the work you do just today, you have the potential to earn money not only for today but for years to come.

Q. What’s so important about sponsoring in this business anyway?

A. It’s like this… it doesn’t matter how intelligent, rich, energetic, or dynamic you are;we are all limited to the same 24 hours a day. By sponsoring, however, you can overcome this limitation. By sponsoring, you can virtually clone yourself and have dozens, hundreds, even thousands of people all working indirectly on your behalf on their time and receive a cut of everything they do. Sponsoring also builds your security in this business. Why? In most traditional businesses, what happens if you become ill or disabled and are unable to service your customers? Or perhaps you just want to take a nice long vacation? Whatever the case, you could lose most if not all of your income overnight because it relies on you being there. That’s not owning your own life and that’s certainly not financial freedom.Through the process of sponsoring and building a downline in Network Marketing, however, you can create total financial freedom for yourself. With a downline of independent business people working for you, you no longer have all your eggs in one basket. On the contrary, because each person in your downline has a vested interest in continuing and building their own businesses, you create an income that is non-dependent upon you – an income that can continue, even grow, indefinitely with or WITHOUT you.

Q. Do I have to stock and deliver products?

A. Most Network Marketing companies today allow its distributors (and often even retail customers) to order direct from the company. The company simultaneously tracks your commissions, credits your account, and automatically sends you a check for the total amount due.

Q. Isn’t Network Marketing just another “get-rich-quick” scheme?

A. No, “get-rich-quick” is a fairy tale. It just doesn’t happen in the real world. Sure, there are a few exceptions, but they’re extremely rare. In fact, if overnight riches is your dream, your odds are probably better playing your state lottery than doing it in business – any business.

Q. I couldn’t get involved in Network Marketing. It’s not a “real” business.

A. It’s very real. Network Marketing is now a multi-billion dollar industry involving millions of independent business people and major U.S. corporations like Colgate-Palmolive, Gillette, Sprint, and MCI, just to name a few. And it’s a rapidly-growing international force, too, with thousands of Network Marketing companies already in operation in Canada, Mexico, Europe, Japan, Australia, New Zealand, and the Pacific Basin.

Q. If Network Marketing is so great, why aren’t more people involved?

A. That can be summed up in one word: misconceptions. The general public just doesn’t understand what Network Marketing is or its potential. But that’s finally starting to change. Right now it’s estimated that only about 2% of the U.S. population is involved in Network Marketing. But industry experts predict that that number could climb to 10% by the end of this decade. You can position yourself to take advantage of this trend by getting started in Network Marketing now. The timing is great for getting involved!

Q. What are the costs involved in starting and operating this kind of business?

A. Virtually all Network Marketing companies require you to first purchase some kind of “Starter Kit.” This is a one-time cost, and is usually less than $100. In addition, of course, you’ll have monthly expenses for office supplies, postage, advertising, etc. A total of £50-£150 pounds per month is probably a realistic expenditure to expect. Anyone can afford this amount of money without jeopardising their current lifestyle while they’re trying to build a better one. And here’s some more good news – most, if not all of that, is tax deductible.

Q. What if I can’t afford to buy extra products.

A. You’re not supposed to. Network Marketing companies just want you to replace those products you now buy elsewhere with the equivalent-but-higher-quality products your Network Marketing company manufactures. By doing so, you’ll likely save money since you now get to buy at wholesale. Plus, it only makes sense to buy from yourself – to buy from “your own store.”

Q. I’ve tried Network Marketing before and it didn’t work for me.

A. Let’s say you’ve just moved into a new city and you decided to go out to eat that evening. Unfortunately, the food at the restaurant you picked turned out to be horrible. But just because of this one bad experience, you surely wouldn’t swear off eating at all the other restaurants in the city, would you? Of course not! Network Marketing is no different. There are fair Network Marketing companies, great Network Marketing companies, and, yes, even some bad Network Marketing companies. But Network Marketing works! You just need to link up with the right company and the right opportunity at the right time. See MLM RockStars.

Q. I don’t have the cash right now to get involved in Network Marketing.

A. Get it! If a brand new £60,000 Mercedes were offered to you for £1000, would you find the money somehow to buy it? Go and get the money because your own Network Marketing business could be worth a lot more than that Mercedes.

Q. I can see how others have become successful, but I don’t think I could do it.

A. People of every age, every background, from every walk of life are making it in Network Marketing today. If you have the desire, you can succeed in Network Marketing.

Q. If I would happen to be sponsored by someone half way across the country, how do I get questions answered? And what about training?

A. Free consultation and assistance from your sponsor, other upline associates(and often the corporate staff of your Network Marketing company) is a phone call away.Faxes, E-Mail, Voice Mail, and other new technologies also provide fast and efficient communications between upline and downline…no matter where they’re located. As for long-distance training, this is easily handled through video training CD’s, audio taped seminars, books, online computer and telephone conferences, etc.

Q. I just don’t have the time to start a Network Marketing business. I’ve got too many irons in the fire already.

A. That’s precisely why you should consider Network Marketing. Besides creating financial freedom, Network Marketing is specifically designed to create personal freedom for you so that you can do all the things in life you really want to do that you don’t have the time for now.

Q. Don’t you have to get in at the beginning to make any real money? Doesn’t saturation eventually occur?

A. That’s another big misconception that’s been perpetuated by the media for years. The fact is, there has never been any evidence produced that “saturation” occurs in Network Marketing. This very topic was debated in U.S. courts at one time and that was the conclusion by the courts.Secondly, realise that because Network Marketing is still a very young industry, there are hundreds of millions of prospects worldwide who have never even heard of Network Marketing. It will take years to even make a dent in that.But here’s the main reason why “saturation” is a myth: Timing. In the U.S. alone, there are tens of thousands of brand new prospects “hatched” every year.Part of that figure is young adults who have only just reached the stage in their lives where they’d consider (and could afford) to start a business. Then there are the thousands who have just experienced a major shift in the direction of their lives because of changes at work, at home, etc. These same people, who just months before could in no way, shape, or form be considered prospects for Network Marketing, NOW are suddenly very open to the proposition. And this is happening constantly. Bottom line: The market is wide open and the potential is enormous.

Finally, Internationally acclaimed business people agree that Network Marketing represents one of the greatest opportunities in the world today.

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Finance Services

The Pros and Cons of Business Receivable Finance

One of the most problematic and devastating features of a nuclear attack or disaster of any kind is that in addition the damage inflicted with the initial event, the damage will continue to occur as well as linger into the near future as well. In particular, one of the most severe issues commonly associated with nuclear disasters is the fallout that follows the initial event and specifically, by virtue of the contamination inflicted by the radiation, this means that organic life cannot be sustained.

The above analogy is an apt one indeed because when the global banking community effectively went into meltdown, the fallout of the initial disaster meant that the sharp increase in interest fees and penalty clauses effectively rendered the chances of survival for the average business to absolute zero. Unable to maintain a decent standard of profits with such adverse conditions prevalent, the entrepreneurial class has been in a state of active hibernation for the last few years.

In an attempt to rejuvenate the economy as a whole and ensure that the business owner would be in a stronger position to actually afford to pay their own creditors without having to sacrifice the long term success of the business by trading equity for cash, business receivable finance services were increased.

The business receivable finance service providers quickly became something of an overnight success for the business community as a whole, and for good reason: after all, they DID happen to represent a total inversion of the old system which was creaking under the weight of its bureaucratic inflexibility. Designed to be as lightweight, compact, robust and efficient as possible, the business receivable finance service providers ensured that the business owners who sought out their assistance received what they were looking for: quality of service.

Business owners could not help but be amazed by the sheer benefits that this new form of business financing provided them. First off, one of the most common causes of the demise of a business, cashflow problems, was directly remedied at the source and this was achieved by virtue of these service providers ensuring that they forwarded substantial capital sums in a short space of time.

Another major benefit associated with this business finance strategy is the fact that the business owner is entirely free to determine how much of the invoice volume of the business they are prepared to actually stake in order to raise the cash required. This stands in sharp contrast to the loan packages provided by the commercial lenders who would only ever be prepared to actually release the funds in escrow upon confirmation that the business owner would be providing either equity, or assets as collateral.

The problem here was that the company would only ever have a limited number of assets which could be competently used as security for the benefit of the lender. When all of these assets were “used” in this manner it would mean that the business owner would be unable to secure additional lines of credit.

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Finance Services

The Gold Price Points?

PRICE of gold continues to rise after surging 2 percent in trading Thursday. The rise in gold prices could not be separated from the steps the U.S. Federal Reserve, the Federal Reserve, which issued a new stimulus to encourage job creation in the U.S..

Reuters news agency reported Friday, September 14, 2012, the price of spot gold traded at U.S. $ 1,766.75 U.S., after surging 2 percent on Thursday to U.S. $ 1,772.26, the highest since February 29. Meanwhile, the index of commodity Thomson Reuters-Jefferies CRB index rose 0.55 percent on Thursday, touching its highest level since March.

In Singapore, spot gold prices on Friday morning, up 0.1 percent to U.S. $ 1,768.44 per ounce. Throughout this week gold has risen 1.9 percent. This represents an increase of gold for four consecutive weeks.

Why is gold so attractive for investors to continue to strengthen in the past four weeks?
Jeff Sica, chief investment officer of Sica Wealth Management currently manages client assets of more than U.S. $ 1 billion, to see that gold as a major investment in the face of a weakening dollar.

“The appeal of gold as a refuge from the fear and the secondary currency has never been unparalleled,” Sica said in an e-mail to Reuters. He estimates that commodity prices will continue to rise.

Sica doubt that the market euphoria will not last long, as investors will soon shift their focus to the economic fundamentals are weak.

Although traded slightly higher, in fact during the weakening dollar. The dollar index, measured against a basket of currencies in the world, hovering near its lowest level in four months, at 79.18.

The dollar traded up 0.1 percent at 77.57 yen, recovering from a seven-month low at 77.13 yen. The euro held steady at U.S. $ 1.2987, just below the highest level in four months at U.S. $ 1.3002.

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Finance Services

The Different Shades of a Personal Loan

Personal Loans are loans that are easily available and help you fulfill a number of needs. Personal loans are not taken out for a specific purpose. You may take out a personal loan to fulfill all your big and small needs. You may avail a personal loan to consolidate your debt. A cheap personal loan can be used to pay high rate credit card dues. Moreover, you will need to repay the loan to just one lender.

A personal loan may also be used to improve your credit score. If you have a bad credit history, take out a Bad Credit Personal Loan and repay the loan as per the loan terms. This will help you improve your credit score. This article explains various types of personal loans. Personal loans are broadly classified as secured and Unsecured Loans.

Secured Personal Loans

Secured personal loans require collateral and carry low rates of interest. Secured personal loans offer flexible repayment terms. The amount of monthly payments is small in case of secured personal loans.

Unsecured Personal Loans

There is no need to offer your property as a security in case of an unsecured personal loan. The rates of interest on unsecured personal loans are higher than the rates on secured personal loans.

Based on the rate of interest, personal loans can be classified as fixed rate personal loans and adjustable rate personal loans.

Fixed Rate Personal Loans

In case of fixed rate personal loans, the rate of interest and the amount of monthly payments remain the same throughout the loan period.

Adjustable Rate Personal Loans

The rate of interest on an adjustable rate personal loan keeps on changing as the average rate prevalent in the market changes. Consequently, the amount of monthly payments also fluctuates throughout the loan period.

Based on the mode of repayment, there are three types of personal loans – installment loan, balloon loan and single payment loan.

Installment Loans

In case of this type of personal loan, the loan amount, along with its interest, is repaid in the form of monthly installments until the loan period expires.

Balloon Loans

Only the interest is paid at regular intervals and the entire principal amount is repaid at the end of the loan period.

Single Payment Loans

The entire principal amount as well as its interest is repaid at the end of the loan period.

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Finance Services

Being Eligible For Invoice Finance Services

It’s a growing trend in the business world to use invoice finance. This service helps to improve a company’s cash flow by releasing cash from their outstanding invoices, and it also reduces the daily admin of chasing payments and dealing with bad debts, because the factoring company usually handles a business’s sales ledger. It all sounds great, but not all businesses are eligible to use factoring services.

Just like with banks, factoring companies have their own requirements for their clients. They might be an independent company or owned by a high street bank, or maybe even a broker who will pass on your business to a chosen partner. Either way, they’ll offer their own particular services at their own rates.

Companies are generally eligible to use factoring if they meet a few specific criteria. The most important is that they trade business-to-business. Many factors won’t take on companies who sell to the public. A minimum turnover is also required, generally £50,000. This is because lending needs to be worth the factor’s while. Some factors will lend money to smaller companies but they must have a certain number of customers. Both the company and its customers must have a good credit rating so that the risk of lending to them is low.

If you have small invoices or a small number of customers, or if you have a lot of disputed payments and bad debt, you may not be eligible for factoring. The best thing to do is to talk to a factoring broker to find the best company to suit your needs.