Archive for June, 2010

Small Business Finance: Multiples your Production

Wednesday, June 2nd, 2010

Sometimes to set-up fresh and small ventures, handsome finance is required. You might also be planning the same. But the toughest hurdles are the insufficient funds with you. If you are thinking of borrowing a financial helping hand from any external source, then considering the small business finance is the right option. Small business finance gives you the flexibility of availing a loan i.e. with or without letting use of collateral. And because of this reason it is classified into secured and unsecured loans.

Based upon these two forms, all the provisions of Small Business Finance are unleashed. Individuals looking for a huge amount can approach for the secured loan; on the contrary, candidates reluctant to pledge collateral can consider unsecured loans. Reimbursement terms and loan amount is calculated on the use and equity of the collateral. Moreover, taking all issues and bad credit category of persons into notice interest rates are calculated at economical rates.

Despite all this, you can make the small business finance in your favor by following some steps. These tips are provided after taking into account all the pros and cons of small business finance. Applicants while approaching lenders for small business loans should rationally plan and furnish the propositions of the intended business. Applicants should cater their investments and returns in a well defined manner.

Furthermore, the simplest and quickest way of approving small business finance is the online application method. In less time span, you can hear positive results by filling the online candidature with accurate details pertaining to credit and personal profile. Small business finance release funds to meet demands in numbers. And under a single loan you can purchase heavy machineries, commercial sites, renovation of office, buy stationery items.

So, small business finance is the gate way of establishing and expanding the business activities towards an expected horizon.

Bonnie Castle works as a consultant in Small Business Finance UK. He is proficient in the finance world. Commercial Business Loans endeavors to find the best possible deals for its customers. To find small business finance, small business finance online, small business finance options, easy small business finance, small business finance advice visit http://www.smallbusinessfinanceuk.co.uk/

Source: Bank Analysis

What Should You Consider When Choosing Bank Services?

Wednesday, June 2nd, 2010

You will certainly know that there are lots of banks out there. And each bank will provide different services. As a result, you may find it very hard to make your selection when consider the services of the banks. The followings are some of the tips for you to make your decision.


First of all, you need to make a list of banks you may probably approach. You can start creating the list by listening to the comments of the others. You can consult your friends and family member. You may even ask questions on online forums! Always ask for the reasons no matter the comments are good or bad. You would need to know when your friend takes the services of bank A. You would also want to know why your uncle keeps staying away from bank B. Remember, you should listen to their advices before signing up the services of a bank.


You may think that signing up for the services of a bank should not be something so serious. However, this is no quite true. The truth is that you will be very inclined not to change to another bank if you have signed up with the services of a bank. And at the end of the day it will take you a lot of time to change from one bank to another. As a result, you should make your decision with care otherwise you will be just wasting your money and time.


You should ask for the services of the bank thoroughly. Do they provide free checking? Will there be any penalty involved in the case of overdraft? What will be the interest rate if you are going to apply for personal loans? You have to ask all these questions before you make your final decision. You will also try to compare the different terms and services of various banks before you sign up with the services.


You will also need to consider convenience. You have to know how many branches do the bank has and which one is the most convenient to you. The locations of ATMs are also very important. You will be very disappointed if you cannot find an ATM when you need to withdraw some money from your account. To this end you may not choose the services if the bank does have a lot of ATMs in various locations.


Remember, the two keys of making your decision is to listen and to compare. If you can do that, it can be sure that you will not make the wrong decision.

The author has great interest in finance. You can check his blog on News Finance Forex & Loans. Be sure to check Forex Charts, Forex Trading Systems and Individual Health Insurance.

Source: Bank Analysis

Bad Credit Debt Management

Wednesday, June 2nd, 2010

The convenience of plastic money or credit cards is undeniable. People carry them wherever they go because they’re a safer way to make purchases. These great financing tools however can create trouble when not used with caution. Millions of consumers all over the world find themselves stuck with huge credit card debt. The reason? Uncontrolled credit card spending.

In some cases, the only way to straighten out the problem is through debt consolidation. Since the problem begins with missed or delayed credit card payments, consolidating credit cards and other types of debt could be the most effective solution. Through consolidation, an individual will only be paying a single interest rate instead of several interest rates from each of his creditors. By cutting back the amount of interest rate he pays, a consumer can save significantly on his debts. In addition, the debt consolidation company could give a lower rate of interest as this is what their service is about.

Another advantage of getting debt consolidation is that the borrower can obtain new repayment options. The credit consolidation company would make arrangements with the client’s creditors to come with a better payment term. The borrower can take advantage of the new payment terms so he can get out from under his debts easier.

Not An Easy Way Out From Under Debt. What every borrower should know is that by joining a debt consolidation program doesn’t always mean an easy way out of your debts. As the borrower, you are still responsible for the debts you owe and it would require determination and effort on your part in order to make the consolidation program work for you.

The first thing you need to do is to know exactly how much you owe from different creditors. Get a copy of your credit report to be sure that there are no incorrect charges in your account. You would need to do some of your own research in finding the right debt consolidation company to help you. Do not submit a lot of applications to different consolidation companies without doing research. Use the internet to find out about their rates and conditions. Call each company and make inquiries about their debt consolidation program. Remember to choose cautiously as you don’t want to get involved with a predatory consolidation company.

The Importance of Commitment. One important thing to remember is that once you’ve entered into a debt consolidation program, you would have to be committed in making your monthly payments to your consolidation company. You can’t afford to delay or miss another payment because you’re already given a consolidated repayment term at a lower interest. Thus, do all you can to keep up with your debts.

It would mean not using your credit cards for new purchases for a while, cutting back on your expenses, getting a second job to be able to make payments. If you think that the problem is in your spending habits, then don’t hesitate to seek help from a reputable, trustworthy credit counseling service. Recognize the problem and be willing to make some changes before it’s too late.

Liz Roberts is a loan consultant with NHBSInc. They specialize in providing sub prime financing.Please visit our site for free tips on improving your credit For companies that can help you with debt consolidation

Source: Bank Analysis

Bank Clerk

Wednesday, June 2nd, 2010

Banks have indeed made our life more comfortable but people working in banks have a hard time as they must be sincere in each and every step of their work. They have to work fast, compile, and distribute each transaction step by step in a proper manner. Each one them must be and expert in their own area to run the bank smoothly.

Bank clerks are designated special posts based on their work. The newly appointed clerks, generally opens or closes an account or helps the customers regarding bank issues. Interest clerks records the interests of the savings account as well as of the various loans and investments. Exchange clerks normally deals with international exchanges like currency exchange etc. Loan clerks deals with loans related work. Statement clerks have to make a statement at the end of the month of al the monthly transactions. Security clerks keep a record of important documents, files, bonds, investment, loans certificate etc. There are other clerks who operate and keep a tract of all the modern machines, like internet banking, tele-drafting etc. In addition to this, bank also requires clerks to act as a messenger, or to transfer files or to transfer funds.

Bank clerk should be an intermediate with mathematics as a compulsory subject. They should also have good command in English as well as have the basic computer knowledge. They must have a good communication skill to deal with customers.

Bank recruiters sometimes visit high schools for recruitment of bank clerks. Or else, one can also contact bank recruitment board personally. One can get numerous bank clerical vacancies in internet job portals or employment newspapers or classifieds. There are frequent promotions based on written tests. One can become a teller or a supervisor. If one is capable enough then in 7-8 years one can also dream to be a branch manager. There are also salary hikes based on written tests that are being held after 2-3 years.

U.S. Bureau of Labor Statistics estimated that the bank employment schemes is expected to decline because of computerized banking and advanced electronics machinery that would reduce paper works by almost 40%. So, workers with computer skills and data processing knowledge will be preferred more over general candidates. Salary can range form $23,317 to $27,310 per year depending upon experience and designation. Banks normally provides with a quite and healthy environment with proper lunch breaks. Some banks provide their bank clerks with some special schemes like free traveling after every four years, medical insurance, financial aid, pensions etc.

Bank clerks are designated special posts based on their work. The newly appointed bank clerks, generally opens or closes an account or helps the customers regarding bank issues. Learn more about state universities, and employment after studying from them.

Source: Bank Analysis

Get Help With Credit Card Payments

Wednesday, June 2nd, 2010

If you are having a hard time with credit card payments, you may need to seek help. If you are no longer able to make your minimum payments on your credit cards, you will need to get help to avoid having debt in collections or receiving judgments on your debt.

Part of the problem with making credit card payments is that your payments have recently increased do to changes in policy. While the new formula for calculating minimum payments will help you pay off your debt eventually, it might place an additional strain on your budget. This might even mean that you have been using your credit cards more to make up the difference in your budget, creating a scenario where you are building up more and more debt.

One option that you might have contemplated is bankruptcy. This will ruin your credit, but will allow you to have a fresh start. It is hard to come back from bankruptcy since that will stay on your credit report for as many as ten years, barring you from applying for many future types of credits like buying a home or a car. Bankruptcy is also not for everyone as many people’s situation do not warrant such a extreme act.

Another option you may have heard of is debt settlement. Most people who choose this option pay a lot of money up front to a debt settlement agency to settle with their creditors. These types of organization can do nothing more than what you can do on your own, but they will charge you a lot to do it. Debt settlement is an option for those whose debt is with collection agencies. While debt settlement does hurt your credit, having unpaid debt in collections is also bad. Whatever debt that does get forgiven is taxable, so you won’t even be able to save on it as much as you might have thought.

Perhaps your situation is not as grim as to necessitate bankruptcy or debt settlement. If this is the case, you should seek credit counseling. Through credit counseling, you can become current on your accounts, lower your interest rates, and even have a positive influence on your credit report. A credit counselor can help you pay off your debt and balance your budget so that you can make your monthly credit card payments.

If you are interested in credit counseling, find a reputable credit counseling agency that can help you with your credit card payments. With this type of help, you will be able to escape debt and save money for future purchases.

Ronnica Rothe is a graduate with honors from the University of Oklahoma and a current student at Southeastern Baptist Theological Seminary. She works with pfni.net to help individuals get out of debt and reach their financial goals.

Source: Bank Analysis

Is Non-Profit Credit Counseling the Way to Go?

Wednesday, June 2nd, 2010

In today’s tough economy, you realize that you are not alone when it comes to indebtedness.

Many of your friends and neighbors face these hard economic times; unable to pay outstanding debt resulting in hefty late fees and financial charges. You begin to wonder if there is any way out.

Hector Milla Editor of the “Credit Card Debt Counseling” website — http://www.CreditCardDebtCounseling.biz — pointed out;

“…As your financial liabilities become increasingly more burdensome, you may consider calling a non-profit credit counseling organization. But, how do you know if these services will help? …”

Consumer debt resolution services offer many options to get you well on your way to financial recovery. The counselors go through rigorous training to ensure not only unbiased protection of your privacy, but also that you understand all of your options when seeking debt relief. They will counsel you on debt management solutions, bankruptcy, and rebuilding your credit once you have made a decision on how to handle your current situation.

You should carefully weigh all of your options when considering credit solutions. A debt management plan may be your first action. Your debt advocate will set you up on a feasible payment plan. All you need to do is make your payments to your counseling service on time every month and your advocate will disperse agreed-upon payments to your creditors.

If, after speaking with your non-profit agent, you realize that a debt management plan is not the right solution, the option of bankruptcy may be discussed. Though your counselor cannot provide legal advice, he or she will give you the facts about bankruptcy and the two types of legal action you can take.

“…You don’t have to face your creditors alone. End the harassing phone calls today by contacting a consumer credit agent. Many organizations have offices all over the Unites States, offering you one-on-one meetings in a private office. You may also speak with an advocate on the phone, via email, or online…” added H. Milla.

Further information about how to get the most of your credit counseling process by visiting; http://www.CreditCardDebtCounseling.biz

Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

Source: Bank Analysis

As UK Banks Loose Overdrafts Court Case, What Does it Mean for Us All?

Wednesday, June 2nd, 2010

In the test case against UK banks overdraft charges, it was ruled that the OFT (Office of Fair Trading) can decide if bank overdraft charges are unfair or not and this means it’s up to the OFT to decide what is a fair overdraft charge.

The banks have said “Further court hearings will be required before the test case process is concluded.” Even if the OFT win and we can all claim back our overdraft charges you can bet that the banks will then be charging us all for our current accounts, meaning the end of free banking for everyone.

This stemmed from consumers anger with bank charges, sometimes running into hundreds of pounds, for unauthorised overdrafts. Back in 2006 the thinking was that these charges were, in-fact, illegal because they must be reflective of the actual costs incurred by the bank, i.e. the charges must be reasonable. Also the credit card industry had seen an amendment to credit card fees, backed up by the OFT (Office of Fair Trading) – So the question was asked ‘why should banks get away with the same thing on overdraft charges?’

Whatever happens with this court case it looks like we’ll all end up paying out in the long run as the banks will turn this ruling on it’s head and introduce new fees that we have to pay upfront. Wonderful.

Simon Duffy writes for the Financial Blog a UK Finance Blog talking about all aspects of personal finance including loans blogs, and more…

Source: Bank Analysis

How To Get A Finance Job From An Engineering Background

Wednesday, June 2nd, 2010

“It’s something very personal, a very important thing. Hell! It’s a family motto. Are you ready Jerry? I wanna make sure you’re ready, brother. Here it is: Show me the money. SHOW! ME! THE! MONEY! Jerry, it is such a pleasure to say that! Say it with me one time, Jerry.”


-Rod Tidwell, “Jerry Maguire” (1996)


“If I’m an engineering major, how can I get into finance? Show me the money!”


I find myself answering this question a lot, possibly because I’m from a non-finance background myself. Or maybe just because everyone wants to get into finance.


How you can leverage your technical background to land a job in the jungle of finance? As a technical person right out of school, you have two ways of breaking in:


1. Get an investment banking analyst position in the technology or TMT (Technology, Media & Telecom) group of a bank. You will use none of your quantitative/analytical background and instead use your interest in the industry/work ethic to get in.


2. Get a quantitative job at a hedge fund or doing trading/fixed income at a bank. You will leverage your quantitative and probability skills to get in.


Of the two, the second is easiest for most engineers. Wall Street has never been more quantitative, and it’s only getting more quant-focused each day. Even with some recent problems in the credit market and some high-profile difficulties at prestigious funds such as Goldman Global Alpha, this trend will not stop anytime soon.


Hedge Fund And Related Jobs


On-campus recruiting for these positions is less common than it is for banking analysts, but it’s there if you seek it out. Citadel, one of the largest hedge funds in the world, does undergraduate recruiting for its rotational program, as does Jump Trading, based out of Chicago.


The good news is that if you’re an engineering major at a top university, you have a good chance of landing one of these jobs, even with no previous finance experience. If you’re in this position and go through on-campus recruiting, you need to emphasize your interest in finance because this is how they select candidates. Here’s a direct quote from a Citadel recruiter:


“To be honest, we know you’re all pretty good quantitatively… after all you got an engineering degree at one of the top programs in the country. You need to show us that you’re interested in finance because that’s what differentiates you.”


During interviews they will ask you quantitative questions but it’s crucial that you show them you have had a strong and consistent interest in finance. Have some good stories prepared, especially on personal investing and why you’re particularly well-suited to be a trader.


For trading jobs the “fit” part of the interview is even more important than it is for banking. If you don’t trade stocks in between classes and wake up early each morning to read financial news, gambling is a good hobby to mention. I was asked if I played video poker/online poker and other casino games when interviewing for hedge fund jobs. You want to emphasize hobbies/interests that show you can think about risk vs. reward.


No Thanks, I Really Want To Be A Banker


Full disclosure: you can do this, but the hours are going to be far worse than trading, the pay won’t be much better and you’ll have to do truly menial, low-value-add work. The advantage is you do have a wider variety of exit options – doing engineering and then banking sets you up very well for venture capital, for example. And the perks are nice.


As a technical person, you have several things going for you right away: no one will question your intelligence, and they probably won’t ask you brain teasers or math questions. If you can get a degree in Electrical Engineering, you can do Excel calculations in your sleep. And no one will question your attention to detail (or at least not as much as if you were an English major).


What you will need to focus on in recruiting and interviewing is demonstrating your 1) interest in finance and 2) ability to handle the hours/stress of the job, which are considerably worse than those of an engineering/tech company.


A few more specific tips: when you discuss your interest in finance you need to mention tech companies if you’re applying to a tech group in a bank. And don’t just mention Google or Facebook. These are the most visible tech companies by far, but anyone can learn about them by reading TechCrunch or by listening to friends.


You need to show real interest in the industry, which means taking the initiative and talking about less well-known companies. Before my interviews at tech groups in banks I made a list of less well-known startups/other companies I found interesting and had a story prepared around each of them. You should do the same.


As far as the second point about handling the stress/hours, as an engineering major you should have had many extended project classes… these are all good to mention, as are any internships where you launched a product that required “crunch time” at the end.

Ian Spellfield, a former investment banker, advises students and young professionals on how to get investment banking jobs and break into the finance industry from engineering backgrounds.

Source: Bank Analysis

Bristol County Savings Bank Hosts Homebuyer Fair on Saturday May 3 in the Carousel at Battleship Cove in Fall River, Ma

Wednesday, June 2nd, 2010

DATELINE: TAUNTON, MA…Home prices are down and the traditional spring home buying season is in full swing. Is it a good time for you to consider buying a home? Would you be eligible for a mortgage if you did decide to buy?

Find out the answer to these and other home buying questions at Bristol County Savings Bank’s FREE Homebuyer Fair to be held on Saturday May 3 from 10:00 AM –1:00 PM in the Carousel at Battleship Cove in Fall River, MA. The Homebuyers Fair will feature light refreshments, free carousel rides, and free giveaways as well as a $250 credit toward closing costs with Bristol County Savings Bank.

Attorneys, Realtors, Mass Housing and Bristol County Savings Bank will offer information. Participants will include Attorney Ronald Lowenstein of Fall River, Goretti Joaquim of Mass Housing, Steve Dumont of Precision Home Inspection Services, and Mary Ellen Macinnis of MGIC. Bristol County Savings Bank Mortgage Consultant Mickie Lima will also be on hand to answer questions.

Massachusetts realtors in attendance will include representatives from KAM Realty in Fall River, Salt Marsh Reality Group in Swansea, Tri Professional R.E. in Fall River, Riverside Realty Associates in Somerset, American Dream Realty in Westport, Town House Realty in Somerset, and Re/Max Right Choice in Fall River.

If you’re tired of renting, need more room for your growing family, or if you just want to learn how to get started, plan on attending the Homebuyers Fair and find out what it takes to become an actual homeowner. For more information please contact Mickie Lima at Bristol County Savings’ Commercial & Residential Loan Center at 508-809-0603.

Bristol County Savings Bank

Bristol County Savings Bank is a full service financial institution offering commercial lending, personal and business banking, and mortgage services. The key words at Bristol County Savings Bank are: “Commitment, Stability, and Community,” values that are combined with state-of-the-art technology to meet the needs of its customers. A dedicated local community bank for over 160 years, Bristol County Savings Bank is actively involved in giving back to all the communities it serves both through financial support and the volunteerism of its people.

Founded in 1846, Bristol County Savings has $1.1 billion in assets, with 244 employees in Southeastern MA and RI. The Bank’s 10 full service banking offices are located in: Taunton, MA (2); Raynham, MA (2); Rehoboth, MA; Attleboro, MA; North Attleborough, MA; Franklin, MA; Dartmouth, MA; and Pawtucket, RI. Three loan production offices are located in Taunton, MA, Fall River, MA and in Providence, RI; and two Educational Branch Offices at Taunton High School and Attleboro High School.

The Main Office and Corporate headquarters of Bristol County Savings Bank are located at 29 Broadway in Taunton, MA 02780. For additional information please call 508-824-6626, or visit www.bristolcountysavings.com.

Source: Bank Analysis

Bad Credit Loans: Set Out to Fix Credit Worries

Wednesday, June 2nd, 2010

Although bad patch in our credit record may bind us to think twice before we go for loans, it still does not put any snag on our way to grab loans. Instead, bad credit loans help us fixing our credit problems and to find a solution when we are in need. Ad credit loans act to serve the required financial freedom to all those who need to mend their bad credit record.

Bad Credit Loans provide finance for any personal need which may hamper your cause of financial freedom. It may be anything ranging from debt consolidation to holiday loans, for which bad credit loans are advanced. Bad credit loans are the loans also for everyone. There are people who can pledge collateral and there are people again, who can not pledge any collateral. Bad credit loans are there for all. Only if you take the secured bad credit loans, you will get somewhat better facilities like the cheap rates and easy terms. This is because of the collateral attached. However, in terms of unsecured bad credit loans, you are not required to pledge any collateral.

Again, bad credit loans offer a unique facility that using these loans; you can have your credit record improved a lot. Every paid repayment installment in bad credit loans get counted in the credit record. This makes your credit record far improved when you are finished with your repayment.

However, finding so many benefits within single package is also easy. It is really easy online, where bad credit loans are only clicks way from you. The rates of bad credit loans also become cheap enough because of the high competition prevailing there among the lenders. Bad credit loans are there everywhere to let you battle credit worries through easy funds.

Anton Gabriel is the author of this article. He aims to inform common people of the several issues involved in Very Bad Credit Loans.co.uk through his articles. To find bad credit loans, bad credit business loans, bad credit car loan, bad credit home equity loan, bad credit homeowner loan visit http://www.verybadcreditloans.co.uk/

Source: Bank Analysis

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