Posts from ‘November, 2009’

Securitization is the packaging of a chosen group of loans with a suitable level of credit improvement, and the redeployment of these packages to investors. Investors purchase the repackaged assets in the form of securities or loans, which are secured on the original pool and its connected income stream. Securitization thus changes illiquid assets into [...]

Before we start with debt counselling, we must understand how a debt arise. The basic reason behind any debt is imbalance between income and expenses of a person or when the person makes leniency in making repayments of pending bills, debts arises. It can also be explained in other way such as debt of [...]

With this article people will learn the difference between good and bads debts, in order for them to try to avoid the bad ones.
Bad Debts
Considered the debts that have a low possibility to be repaid. There are two types of bad debts: business bad debt and non-business bad debt.
Business Bad Debts
As the name point out, [...]

We spend a huge part of our lives working and earning income. The question that begs to be asked is “What are you financing with that income”?
A typical individual today works an average of 52 years during their lifetime to have the money to pay the bills each month and to accumulate enough for retirement [...]

Nothing quite matches the convenience of business credit cards. When you are looking for a good alternative to cash, checks, and personal credit cards, it is probably a business credit card you want. With credit-when-you-need-it convenience, savings and discounts on purchases, and extremely helpful reporting facilities, business credit cards can be a good tool in [...]

When the cash back schemes were first launched, the cynics among the marketing strategists proclaimed that there was no future for them and that they would be consigned to the dustbin of history very soon. Something like that never happened however. Instead, they have gained immense popularity with the consumers of all classes.
It is worthwhile, [...]

With a number of lenders offering a plenty of car loans, buying a car has become a child’s play these days. But you hardly make a whole hearted effort to research and analyse which deal suits you the best. Sometimes you get confused because of variety of car loans available in the market. And ultimately [...]

The present day society provides you the luxury of realizing your dreams very easily. The proximity to the loan market enables you to spend extravagantly till one day you find a fading bank balance and mounting debts. The constant nagging by the lenders leaves you embarrassed and you begin to repent your past mistakes. Debt [...]

When applying online, most credit card companies offer instant approval. Credit cards for bad credit are designed for people who are unable to qualify for a regular credit card due to their bad credit history. Days are gone when a bad credit rating on a credit report prevented you from obtaining a credit card.
Today, you [...]

One of the most basic decisions when it comes to taking out a new loan, is whether to opt of a secured or an unsecured loan. Before we discuss the advantages and disadvantages, you should know that a secured loan means that if you cannot meet the repayments, the lender has access to an agreed [...]