Emergency financial situations can happen to anybody and any financial arrangement exercise is not ideal without planning for such occasions. The whole idea of having an emergency fund is to offer a cushion against any unexpected expense.
This will ensure it does not have any negative impact on your financial condition and does not rip off the whole financial security.
There are many circumstances which can cause a financial emergency such as a sudden illness, accident, medical emergencies, emergency house repairs, loss of a job, emergency car repairs and much more.
The major reason for having an emergency fund is very clear because when a person falls into an emergency financial situation, they will have to break their savings or make a compromise to get the needed money.
It’s not rare to find people who just take out their credit card and swipe it for hard cash. Opposing popular opinions, credit cards are the worst way to fund any financial emergency. The fastest way to get thousands of dollars its to get a car title loan it is not a long-term solution but a short-term solution.
In a circumstance where you’ve taken a cash advance with your credit card to get the needed money, the credit card company will charge you a cash advance fee with an interest rate. This is a very costly way to borrow and manage finances for emergency situations.
Therefore, what is the best amount that should be set aside as emergency money? There are diverse opinions on it. Some professional’s experts agree that a minimum of 3-6 months’ worth of monthly income should be set aside for an emergency situation. This amount can differ according to marital status, the size of family and lifestyle.
Everyone must reserve some extra cash in case of emergencies. But, the amount to reserve depends on your income and monthly expenses. The amount that is needed for your emergency fund is open to debate, the minimum amount should be sufficient to cover your expenses for daily living for at least 3 months. It’s also ideal to save for 6 months even though some financial advisers agree on a full year worth of cash.
These funds must be kept aside in an instrument, which is easily available when needed. It could be money in a bank account, hard cash, liquid funds or fixed deposits. This will ensure the fund is always accessible instantly or within a short period when it’s needed.
Where to Keep the Cash
Your situations and what can offer you peace of mind are the factors that can help you determine how cautious you want to be. Keep your emergency fund somewhere that is safe and accessible because you may be required to get the cash in a hurry when an emergency arises. The best option you’ve is to open a money market account or savings account. But, always examine their offer with regards to the interest rate, minimum balance, and other terms.
When you think you’ve saved enough, you can stop. You can now sleep easier and try to start placing your extra saving into higher-interest and less accessible accounts or investments.
Learn How To Accurately Predict (Judge) The Stock Market With Advanced Algorithms
It is difficult to predict stock market performance and involves a certain amount of risk. An accurate prediction could result in a significant amount of profit. The stock market is influenced by a number of factors:
News, both domestic and international
Government reports
Natural disasters
The stock market is constantly evolving and it regularly generates a huge amount of data regarding bids, buys and puts. Data scientists have found out that using Big Data mining techniques and machine learning strategies, the movements in the markets can be predicted in a matter of seconds. Earlier, experts used to employ various methods to try to predict the stock market; however, with the advent of deep learning and data science, these predictions are quicker and more accurate than ever before. This significantly increases the profits of businesses and investors alike.
What are Stock Prediction Systems?
Stock prediction systems are programs that use algorithms to predict future trends in the stock market. The algorithms used in stock prediction systems were originally used for scientific research in fields such as genetics, astronomy and quantum physics.
However, scientists soon discovered that these algorithms can be applied to stock markets as the field produces huge amounts of data and follows some sort of pattern.
The most commonly used techniques in stock market prediction include genetic algorithms (GA) and artificial neural networks (ANNs).
The use of ANN methods for stock prediction has been found to be widely successful. The ANNs predict future lows by analyzing low price and time lags, while the future highs are predicted using lagged highs. These predictions are then used to determine stop prices for buying and selling.
Benefits of using a Stock Prediction System
Predicting stock market performance is challenging and risky. There are many factors to be considered – physical factors, psychological and behavioral factors. These aspects make share prices unstable and difficult to predict accurately. However, with the use of algorithms and data science, there has been improvement in the predictions. The following are some of the benefits of using stock prediction systems:
Using ANN systems, which utilize a classification approach as opposed to a traditional quantitative output approach, produces a better predictive reliability.
Certain kinds of data which could earlier not be collected or processed, like unstructured text data, can be used for making predictions which the help of algorithms. This unstructured text data refers to news reports or public sentiment. Use of Big Data techniques makes it possible to keep track of values, opinions and behavioral patterns of people while making predictions; this means that the predictions are not based solely on technical or numerical data.
Algorithms help in speedily processing huge amounts of data that is perishable. In the stock market, conditions are constantly and rapidly changing. This means that in order to predict future events in the market, a reliable and quick system is needed. Algorithms provide this benefit. Algorithms may use pre-processed data, reducing data storage space and speeding up the calculations.
Computer Trading Systems [http://computertradingsystems.com/] offers prediction systems for stocks, IPOs, ICOs, ETF indexes, bonds, Forex currencies as well as Cryptocurrencies. We are Harvard and MIT trained and have designed advanced algorithm programs that can predict the markets in the current conditions. We can teach you how to use our systems and websites to trade and make consistent profits in the markets.
Should Bitcoin Replace Currency of Central Banks?
distinction among Bitcoin and forex of vital Banks
what is the difference between significant bank legal foreign money and Bitcoin? The bearer of important bank legal foreign money can merely tender it for exchange of goods and offerings. The holder of Bitcoins can’t gentle it as it’s a digital foreign money not legal by a valuable bank. but, Bitcoin holders may be capable of switch Bitcoins to every other account of a Bitcoin member in change of products and offerings or even central bank legal currencies.
Inflation will carry down the real cost of financial institution foreign money. quick term fluctuation in demand and deliver of financial institution forex in money markets results trade in borrowing price. however, the face value stays the equal. In case of Bitcoin, its face cost and real price each changes. we have recently witnessed the cut up of Bitcoin. that is some thing like split of proportion in the inventory market. corporations on occasion break up a stock into two or 5 or ten relying upon the marketplace cost. this could boom the extent of transactions. therefore, whilst the intrinsic value of a currency decreases over a time period, the intrinsic cost of Bitcoin will increase as call for for the cash increases. consequently, hoarding of Bitcoins routinely enables a person to make a income. besides, the initial holders of Bitcoins will have a big gain over different Bitcoin holders who entered the market later. In that feel, Bitcoin behaves like an asset whose fee increases and decreases as is evidenced by using its rate volatility.
when the unique manufacturers which includes the miners sell Bitcoin to the general public, cash deliver is reduced within the market. however, this cash isn’t always going to the vital banks. alternatively, it goes to 3 individuals who can act like a imperative financial institution. In fact, companies are allowed to raise capital from the market. however, they are regulated transactions. this means as the overall fee of Bitcoins will increase, the Bitcoin system could have the electricity to interfere with critical banks’ monetary coverage.
Bitcoin is highly speculative
How do you purchase a Bitcoin? certainly, anyone has to promote it, promote it for a fee, a fee decided by way of Bitcoin marketplace and possibly by the sellers themselves. If there are greater customers than sellers, then the price is going up. It approach Bitcoin acts like a digital commodity. you may hoard and sell them later for a earnings. What if the charge of Bitcoin comes down? Of direction, you will lose your money similar to the way you lose cash in inventory market. there may be additionally every other way of obtaining Bitcoin thru mining. Bitcoin mining is the process via which transactions are validated and added to the general public ledger, referred to as the black chain, and additionally the means thru which new Bitcoins are launched.
How liquid is the Bitcoin? It relies upon upon the extent of transactions. In inventory market, the liquidity of a stock depends upon elements which includes fee of the company, loose waft, demand and supply, and so on. In case of Bitcoin, it seems loose go with the flow and call for are the factors that decide its rate. The high volatility of Bitcoin rate is due to less unfastened float and greater demand. The value of the digital enterprise relies upon upon their contributors’ reviews with Bitcoin transactions. we might get some useful feedback from its participants.
What will be one huge hassle with this gadget of transaction? No members can promote Bitcoin if they do not have one. It method you have to first gather it by way of tendering some thing precious you possess or via Bitcoin mining. A big chew of those valuable matters in the end is going to a person who’s the unique vendor of Bitcoin. Of direction, a few quantity as profit will surely visit different participants who are not the authentic manufacturer of Bitcoins. some individuals can even lose their valuables. As call for for Bitcoin increases, the authentic supplier can produce greater Bitcoins as is being completed with the aid of critical banks. as the price of Bitcoin increases in their market, the unique producers can slowly launch their bitcoins into the gadget and make a large income.
Bitcoin is a private virtual economic device that isn’t regulated
Bitcoin is a virtual monetary device, even though it does no longer qualify to be a full-fledged foreign money, nor does it have prison sanctity. If Bitcoin holders set up non-public tribunal to settle their issues arising out of Bitcoin transactions then they might not fear approximately prison sanctity. therefore, it is a non-public digital financial device for an specific set of human beings. people who’ve Bitcoins might be capable to buy huge portions of goods and offerings in the public domain, which could destabilize the normal market. this may be a mission to the regulators. The inactivity of regulators can create another monetary disaster as it had befell throughout the economic disaster of 2007-08. As typical, we can’t choose the tip of the iceberg. we will now not be capable of expect the harm it is able to produce. it’s handiest at the closing stage that we see the whole thing, when we’re incapable of doing some thing except an emergency exit to live on the crisis. This, we had been experiencing due to the fact that we began experimenting on matters which we desired to have control over. We succeeded in some and failed in lots of though now not without sacrifice and loss. must we wait until we see the entirety?
Businesses That Can Receive Financing From European Funds
If you decided to start your own business with European funds, you can consider yourself lucky. European funding is offered for many types of business, as long as they start from inspired ideas and have the potential to become profitable, bringing benefits to the society.
Here are some business ideas that can qualify for European funds.
Health gets European funds
The Health is a generous field for opening different activities that benefit both the investors and the society. If you work as a dentist, you can open a dental office with funds from the European Union. The same can be done if you work in other medical specialties. Through European funds you can purchase the necessary equipment for your cabinet. Try to open the office in an area where the services you want to offer are absolutely necessary.
Cultivation of mushrooms or aromatic plants
It may seem like an unusual business idea with European funds, but growing mushrooms or plants cultivation can be successful. The agricultural businesses are among the ones that have benefited from European funds and have been profitable.
It will be easy for you to get contracts to sell your plants not only in the country, but also abroad, if you follow the European Union standards
Solar energy – a star among businesses with European funds
Protecting the environment and producing green energy have become a priority for many of us. With such a business idea you cannot fail in accessing funds from the European Union now and next years. It is a future business idea that responses to the concerns of the people worried about the planet’s future.
Photo-video and virtual reality
Do you dream of having a film studio or are you passionate about virtual reality games? The European Commission offers funds for both activities. All the necessary equipment can be purchased with the money obtained from funds.
Catering services
We all need to eat but few people have time to cook. You can help them with a catering company, financed with funds. Whether you opt for traditional foods or internationally inspired dishes, people will be happy to eat healthy and tasty.
Odas Global Consulting can turn your idea into a successful business
When you have a good business idea, but you don’t know what to do with it, Odas Global Consulting can help you. This business consulting company in accessing European funds managed to get financing for 281 projects, which turned into beautiful businesses.
The same thing can happen with your project. More than 20 Odas consultants have business experience and are always informed about everything that is new. Therefore, they are able to offer the best business advice.
As a result, you will receive the best consultancy services, with a guarantee of professionalism and respect to your needs and requirements. Because it receives a proper business consultancy, your project has all the chances to access the funds. In addition, Odas also helps you with the project implementation, as it offers complete consulting services.
What are you waiting for? Start working on your business plan with Odas Global Consulting!
Why Your Business Should Have a System of Receiving Online Payments
Those in any business of selling goods or services through the net have an advantage over their competitors on accepting payments online from their clients. That’s because consumers who patronize the net for making purchases find it very easy to pay for the ordered goods instantly and get their orders executed right away.
That’s why an increasing number of companies are extending this offer to their clients. Consumers need not be apprehensive of making online payment due encryption in place and incorporation of additional security features. In fact, most consumers consider it safer to make payments online than paying through checks via time-consuming normal mail.
Diminishes risk
Consumers having an email can pay immediately online. When you pay via the Internet, the payment is approved and deposited in sellers’ account instantly. This eliminates financial risk for the business as they need not worry of the checks getting bounced..
Enhances profit
Consumers who decide to pay via money orders or checks need to ensure that they have adequate funds in their account for making immediate payment to sellers. The benefit of paying through credit cards is that you can pay large bills through a number of installments. So, acceptance of online payment can considerably enhance your profit when the goods or services offered by you are rather expensive.
Safer
Consumers are generally more fretful of security on making online payment. Analysts say that consumers are more concerned when they need to handover their credit card to sales personnel. This could be riskier, compared to entering your credit card number into any website that employs encryption technology that provides more confident to buyers as they feel assured that their financial information remains confidential. This also gives surety to the seller that the data has remained unaltered.
Brings down costs
The cost of conventional billing comes to about 9.5 percent of the worth of purchase. Making online payments works out economical for both, the buyers and the businesses. It saves expense of paper, postage, late fees and direct costs. It also helps businesses to bring down their indirect expenses such as customer services and administrative plus accounting expenses.
Of course, it costs to pay online. Charge for receiving payments online from PayPal is about 2.9% or a bit lower plus little transaction fee. Credit card companies charge about two percent of the paid amount. Still, such fees are quite low, compared to traditional billing expenses. Inclusion of online invoicing brings more savings to businesses.
Mobile
These days, we’re well beyond the point when most of all the payments made online are completed through mobile devices. Keeping in mind this kind of substantial growth, every business should logically include a system of receiving online payment to provide room for users of mobile devices.
Final word
If you have so far been running an online business devoid of accepting online payments, it is high time you considered one. Your best option would be to select a solution providing not only online payment but also online invoicing to boost your efficiency. Making use of electronic invoicing adds to the convenience, and speeds up the process of payment, particularly for paying invoices that need to be paid on the spot.
Are you ready to collect rent online? Surely, your tenants will be very happy to be able to pay rent online – so why lose more precious time? Come and visit our website and learn more.
6 Basic Financial Analytics to Predict the Future Trends
What do you understand by the term “Financial Analytics”? It is a complete system involving various tools to effectively enhance the profitability or productivity of a company. Financial Analytics collect and assess the financial data of the company to gain an understanding of the different facets of your business prospect. With the help of graphs and charts, the collected data is displayed. It gives you a visual picture of the complex information and helps you to recognize the scenario much easily and smoothly. By analyzing the data with the help of Financial Analytics, you can also predict the behavioral patterns, the future trends, take mindful decisions and nurture your business growth.
Here are 6 basic Financial Analytics to help you predict future trends.
Predictive Sales Analytics or PSA
What do you think is the most vital aspect of a company? Undoubtedly, the sales revenue comes at the no. 1 spot and this is what decides the future of your company. When you adopt the PSA approach, you can easily predict the sales figure for a certain month. You can get an idea if the sales figure is going to drop for a certain period.
Accordingly, you may revise the strategies for boosting the sales or implementing the new ones to calculate how effective your prediction is. When you get a clear picture of your sales generation, your tensions and panic attacks are much lesser. You can adopt a range of competencies and strategic approaches to know about your clients, plan effectively, and achieve hassle-free workflow.
Product Profitability Analytics or PPA
In this competitive market, you must know when you should exactly make your investments. It can be quite a time consuming to make an estimate of the profit, analyzing the product and its cost distinctly.
In such a situation, PPA or the Product Profitability Analytics comes as the best solution for evaluating the product and determining its profit-line. It can help you to make an informed decision by gaining an instant understanding of all your offered products and services. In order to strategically promote your products, you must know the likes and preferences of your customers. Once you are aware of the customer’s demand using the PPA analytic tool, strategizing product promotion becomes easy.
Customer Profitability Analytics or CPA
Who is your prospective customer? Whether you are an e-commerce giant, a cloud host service provider, or any business across the search engines, recognizing your prospective clients can always benefit your marketing endeavors. There are two types of client-
One who brings value to your company
One who brings risk to your company
Your revenue generation can jump up if you can differentiate between your non-profitable and profitable clients. Your marketing efforts can get a boost if you can start recognizing your customers by extracting their detailed information. CPA or Customer Profitability Analytics can help you in analyzing your customer’s behavior.
Shareholder Value Analytics or SVA
Adjudge your business value on the basis of the returns your stockholders receive from your business with the help of Shareholder Value Analytics or SVA. This tool also helps in determining the risk and value percentage of the shareholders. When SVA is used with revenue and profit analytics, its execution is better and easy to comprehend.
Cash Flow Analytics or CFA
While running a business, you must understand how much capital your business requires to function smoothly. The Cash Flow Analytics helps to predict the outflow and inflow of capital, future capital investment requirements, and also the amount that you may require to foster corporate operations.
Value Driver Analytics or VDA
A positive approach is a basic requirement to run a business successfully. Apart from it, planning and implementing your well-planned strategies are also important to achieve the desired results. Your business objectives can be nurtured rightly if you can understand the financial disturbances that may affect your business. In relation to this, the VDA tool can help in analyzing the strategic drivers for your business to achieve expected outcomes.
With the better knowledge of the financial analytic measures, functioning KPIs, customer and sales profitability, you can help your business to increase your shareholder values and revenues. It will also help you to understand your drawbacks to overcome them for great end-user experience. In order to achieve the goals of your organization, embrace the financial analytic tools.
The Big ‘Lies’ About Our Economic Prospects
In the spring of 2007 I hosted a conference for a group of insurance professionals. One of the most popular speakers was my old friend the economist Roger Martin-Fagg. He was his usual entertaining self, but took everyone by surprise by suggesting that the world economy was on the brink of a meltdown the like of which we had never seen before, and it was going to happen soon – probably within 12 months. Yes, he predicted the financial crash of 2008 a year before it actually happened.
Now in Spring 2007 the world economy was doing very nicely thank you. Following three consecutive years of good growth, averaging 3.8% it was expected to fall only slightly in 2007 to 3.6%. Meanwhile the UK was doing pretty well too. House prices had risen from an average of £150,633 in January 2005 to £184,330 in May 2007 – a rise of 22.4%, whilst wages grew by an average of over 5% per annum between 2004 and 2007. Inflation on the other hand was under control and only rose by an average of 3.25% in the same period. Furthermore, between 2003 and 2007 the FTSE All Share Index grew by 49%, so overall everyone was feeling pretty optimistic about the prospects for the future. No one, other than Roger was saying anything about a recession, never mind a full blown crash!
So, when Roger issued his dire warning, the overwhelming response was to laugh it off – in the same way that we would laugh at a soothsayer predicting the end of the world. Eccentric yes, and likely to happen eventually, just not anytime soon.
You can imagine that those of us who were there in 2007 are far less likely to write off Roger’s opinions now than we would have done previously.
I was therefore pleasantly surprised, and heartened to receive his latest Economic update, penned on 16 June. Once again he is at odds with the mainstream view, and indeed is critical of others talking world economic prospects down. He opens his piece by saying that the press is being irresponsible in the way it is reporting our economic outlook. His opening paragraph reads:
“Last weekend the Daily Telegraph had a banner headline: ‘Britain’s biggest ever collapse in GDP wipes out 18 years of growth’. This statement is completely wrong. I am concerned that individuals who are trying to make the right judgement call are being fed this nonsense. To be clear: 18 years ago our GDP was £1 trillion. It is now £2.2 trillion. The reduction in spending in April was 20% on the previous April. The monthly flow of spending averages £200bn. 20% of that is £40bn. The media, as we know, impact emotion and decision taking. That Telegraph article is therefore both economically illiterate and irresponsible.”
Wow! Hard hitting stuff. And the perpetuation of such comments is still evident a week later. In the Sunday Times on 21 June Sajid Javid is quoted as saying:
“We’ve seen a 25% fall in GDP in two months. To put that in some perspective, that is 18 years of growth wiped out in two months.”
And that’s from our erstwhile Chancellor of the Exchequer, who should be anything but economically illiterate!
In his update Roger goes on to suggest that, despite what the world and his wife are saying, we are not going to have a recession. Indeed, whilst he acknowledges that quarter 2 of 2020 will be significantly negative, he expects quarter 3 to be significantly positive, and predicts that the UK economy could grow by 8.5% in 2021, with the World economy back to 2.5% growth next year too.
His argument is that the fundamentals for a recession don’t exist in the same way as they did for previous recessions; rising prices and interest rates squeezing individuals and companies alike in 1979 and 1989, and banks stopping lending in 2008. The common factor is a shortage of money available, and that’s not the case this time around. Households have seen a reduction in income, but a larger fall in what they’ve spent, and the UK Government is spending an extra £40bn a month pumping new money into the system, so no shortage here. Roger predicts a mini boom to take off in the next few months as a result of this excess cash in the system, with the only thing that could dampen it being the media reporting company closures, an increase in the R well above 1, and stories of mass redundancies.
I don’t propose to reproduce all Roger’s arguments here – you can read the whole article at https://www.ellisbates.com/news/june-2020-economic-update/ to get the complete picture, but I would say his reasoning and logic are very persuasive. And I for one would not bet against him. I also fully endorse his condemnation of sensationalist reporting in the media. They have to take more responsibility for the message they send out as, rightly or wrongly, people do listen to them. A more even handed and less melodramatic approach to reporting would benefit us all. After all, we all know the power of ‘fake news’ by now, don’t we?
Sources of data:
World Economic Situation and Prospects 2007 (United Nations publication, Sales No. E.07.II.C.2), released in January 2007 accessed on 21 June 2020
Office of National Statistics UK House Price Index, accessed on 21 June 2020
Office of National Statistics Wages and Salaries average growth rate percentage, accessed on 21 June 2020
Office of National Statistics RPI All Items: Percentage change over 12 months, accessed on 21 June 2020
Swanlowpark.co.UK FTSE 100 and FTSE All-Share since 1985, accessed, on 21 June 2020
Ellis Bates Financial Advisers are independent financial advisers with offices across the United Kingdom. They manage over £1 billion of assets on behalf of clients, who have given them a 4.9/5.00 score with Trustist. https://www.ellisbates.com/about/reviews/
Article Source: https://EzineArticles.com/expert/Grant_Ellis/2799973
Article Source: http://EzineArticles.com/10313977
Difference Between Payday and Personal Loans in the UK
DEFINITION OF PERSONAL AND PAYDAY LOANS
Most people feel that payday loans and personal loans are one and the same thing, but this is not at all true. They may seem similar, but they have many big differences which set the two options at opposite poles. One should consider the credit and the amount one needs to borrow to know what one qualifies for before one applies for it.
Personal and payday loans are both useful when one requires an extra boost in finances, but this is the only similarity between them. The factors that vary are the term, cost and the amount among other different finances.
DIFFERENTIATING FACTORS
The loan amount also differs when it comes to a comparison between the two. Most banks in the UK do not lend less than 1000 pounds for a 12 month period in case of personal loans.
When it comes to cost comparison, personal ones are considerably cheaper with a maximum APR of 29.9% but one needs to have good and excellent credit. Payday loans can be usually more expensive, but it does not require any strict credit requirement.
When it comes to loan term, personal loans offer around 5 years maximum as the loan tenure. Payday have a shorter term of around two to maybe four weeks that can go upto 12 months.
When it comes to eligibility, personal loans which are offered by credit unions and banks have very strict criteria for eligibility. They generally require borrowers to have a good credit along with a fairly strong financial background. Payday loans seem much more flexible in comparison as lenders only require that the borrowers have a proper and regular source of income for qualifying.
Personal loan lenders are online lenders, banks, peer to peer lenders and credit unions whereas payday loans are offered by those lenders who specialize in check cashing services and short term lending.
PAYDAY OR SHORT TERM LOANS
Payday loans, auto title loans and instalment loans have high fees and rates which could trap a person in a debt cycle. The person could be forced to take a second or even third loan just because they couldn’t pay the first one in the stipulated time limit. Alternatives to short term loans like local resources such as local charities, government agencies and non-profits offer relatively free services for financial needs and also help with rent, food and utilities for those people who are in dire need of it.
One can also get payment extensions by talking with the concerned bill providers regarding an extension or a longer time frame or payment plan if one is behind on his or her payments. One can also take side jobs to catch up on the payment.
COST FOR EACH OPTION
The payment cost varies when it comes to payday loans versus personal loans. The interest rate that you will receive along with the terms is based on the individual’s credit history and if one has collateral or not along with the amount you borrow and the stipulated loan term.
Payday loans whereas have APRs of three or four digits (100%-1000%). The actual total cost depends on the state of living of the borrower. APR represents the yearly cost which is important to note.
DECIDING THE RIGHT TYPE OF LOAN
Deciding whether to opt for a payday loan or a personal loan depends on the amount of money that the individual intends to borrow and it also depends on the person’s credit. If one needs to borrow around 50 pounds to 1000 pounds, he or she can opt for a short term loan as personal loans require the person to borrow a minimum of 1000 pounds to around 2000 pounds.
One must also consider the time factor. Short term loans offer faster times for the turnaround when compared to personal loans as it involves less approval process. Nowadays, more and more personal loan providers are shifting online hence they have almost the same processing speeds similar to short term loans like payday loans.
Credit history is also an important factor. If the borrower has excellent credit scores, they are more likely to save money by obtaining a personal loan at lower interest when compared to a payday loan which will be available at higher cost.
The total cost of the loan depends on the borrower’s monthly payments and also depends on the total amount to be repaid which depends mostly on the interest rate. One should always compare and consider various different options and check on online calculators offered by the lender to see which mode of loan is best suitable for your needs and how much one will need to repay.
ALTERNATIVES AVAILABLE
There are many alternative options available to personal loans and payday loans which can be beneficial to the borrower. One can borrow a small sum or amount of money without the need for the borrower taking on a payday loan.
Another short term loan is an installment loan in which the borrower repays the amount in a single lump sum. Thus, personal loans and payday loans for bad credit can be beneficial only when one carefully examines which loan type is best suited for his or her needs.
One can carefully choose among personal loans for bad credit versus payday loans for bad credit depending on one’s financial status and the credit one possesses. The borrower must carefully examine the various options available and then decide which type of loan is best suited for his or her needs. Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
What’s on my desk
I spend more and more time at my desk these days, doing everything from preparing the family taxes to working on this blog. Because of this, my workspace is constantly changing. Holding the clutter at bay is challenging, so I prefer to keep nearby only a few quality items that serve multiple purposes over a stockpile of things I might never need.
My daily planner
My planner is one of those simple ring binder journals you can pick up from any stationery supplies store. White paper. No ruled lines to cage my venturesome handwriting and doodling. I’m an obsessive note-taker and fill pages to the margins with to do lists, rough sketches, and ideas for blog posts. I usually go through one planner every month.
INVESTMENT MANAGEMENT 