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.

International Debit Card Realities

The worsening state of world economies due to the onslaught of the global financial crisis has helped bring international debit cards to the spotlight. With all the benefits of international credit cards but without the act of indirectly borrowing money when making purchases with them international debit cards are now gaining worldwide recognition. Not to mention that international debit cards with an offshore primary account that is completely safe from being frozen these are indeed the new trend in handling finances.

There are certain realities about international debit cards that cannot be ignored. And only with knowledge of these can a holder make use of his card’s full potential and avoid making mistakes in its use. Three realities are given below to help people understand more about international debit cards.

Consumer Protection
There are various protections methods employed by international debit card providers. Visa and MasterCard, the two main symbols of the debit card industry for example, forbid minimum and maximum purchase sizes, surcharges, and arbitrary security procedures on the part of merchants. The providers usually charge higher transaction fees to merchants for credit transactions, since they have more chances of being associated with fraud than debit network transactions. This may lead them to “steer” customers to debit transactions. Consumers arguing charges might find it easier to do so with a credit card, since the money will not be leaving their control immediately.

Fraudulent charges on an international debit card can also cause problems with a checking account because the money is withdrawn immediately and may thus result in an overdraft or bounced checks. In some cases debit card-issuing banks will promptly refund any disputed charges until the matter can be settled, and in some jurisdictions the consumer liability for unauthorized charges is the same for both debit and credit cards.

Any fees that the customers have to pay to their banks are the same in spite of whether their transactions are conducted as credit or as debit transactions, so there is no advantage for the customers to choose one transaction mode over another. Shops may add surcharges to the price of the goods or services in accordance with laws permit such actions. Banks consider the purchases as having been made at the moment when the card was swiped, regardless of when the purchase settlement was made. Not considering of which transaction type was used, the purchase may result in an overdraft because the money is considered to have left the account at the moment of the card swiping.

Financial Access

Debit cards and secured credit cards are popular among college students who have not yet established a credit history, which is very likely as students usually have no records of debt or loans yet. Debit cards may also be used by expatriated workers to send money home to their families holding an affiliated debit card.

Issues with Deferred Posting of Offline Debit
To the consumer, a debit transaction is perceived as occurring in real-time. However, when a purchase is made using the credit debit option, the transaction merely places an authorization hold on the customer’s account; funds are not actually withdrawn until the transaction is reconciled and hard-posted to the customer’s account, usually a few days later. However, the previous sentence applies to all kinds of transaction types, at least when using a card issued by a European bank. This is in contrast to a typical credit card transaction; though it can also have a lag time of a few days before the transaction is posted to the account, it can be many days to a month or more before the consumer makes repayment with actual money.

Build a Foundation For Business Loan Approval

The steps for getting a business loan begin long before you set foot in your lender’s office. In fact, long before the concept of a loan enters your mind you should have long ago set up the necessary business environment that makes getting a loan more likely. Whether you need a loan to start a business, or have been in business for many years and need operating capital waiting until you need the money to get the proper business framework is a pathway to disaster.

The methods for building a financially reputable business begins from the moment of conception. The first second you decide to go into business should begin the process of creating a business environment that is appealing and will attract both investors and lenders should you desire or need their involvement.

Odds are that even if you have the capital to begin a company on your own at some point in time you will need a business loan for one reason or another. Even if you truly believe you will never require outside financing making sure your business has the appropriate foundation is the only intelligent solution for your own investment security. Remember, many ideas sound good as a concept. The key is in knowing that the numbers support a realistic prospect of success.

The Business Plan

A comprehensive business plan should always be the first step in beginning a business. However, this document is not stagnant and should be in a state of constant evolution. A good rule of thumb is a yearly re-evaluation of your business plan. The longer you have been in operation and adhered to your plan, as well as produced a level of success marked out by the plan along the way the more leverage you will have in loan negotiations.

Your business plan will start with a summary of all the key players in your company. Even if you are the only one employed by your company it should fully explain your abilities and what you bring to the table for your businesses potential success. You also want to outline your objectives for the company. Don’t skimp. While it is not a good idea to get starry-eyed and wish for things that are unreasonable, make a very well researched attempt to map out what you expect from your company over a period of time. Five or ten year plans are good ways to start.

Each year as you re-evaluate your business plan you need to give an overview of how you met, or why you did not meet the proposed goals for that year and how it affects your future plans. The next part of your business plan is possibly the most important part when it comes to future investors and lenders.

You should give a detailed proposal for profit/loss over your five to ten year period. Each year as you evaluate your progress you need to detail why you met those levels or hopefully succeeded them. If you fail to meet a projected profit level, or exceed a loss level extremely detailed information as to why and what you plan to do to correct the lack of success is necessary. Your good planning at the beginning created by in-depth research will show an investor or lender that you know what you’re doing, and your business is strong.

Smart Business Owners Protect Themselves

Lenders will look more favorably on a businessperson who understands how to protect themselves and their business. It shows you completely understand how a business works. Once you have your idea fully thought out and a business plan developed the next thing you need to do is get the required business license. At the very least a sole proprietor should have an LLC to protect their family from financial fall-out. Then you need to get licensing from the city, state and federal government where necessary so you operating legally.

Business Identity

It is not enough to simply have the licenses your business needs its own identity. It should be registered with the IRS, and have its own bank account under the business name, listing the business address. When you set up your business phone, even if you are operating out of your own home, get it registered in your businesses name so that directory assistance will have it listed when potential clients and customers are looking for you, as well as for when lenders want to check up on who you are.

A Necessary Evil

There’s only one bottom line, and what it looks like depends a lot on who is doing your accounting. This is not an area to skimp on. Hire a professional accountant to set up your business, keep your financial affairs straight, and develop regular reports showing where you stand and what your outlook is.

Surround Yourself with Knowledge

Know your weaknesses. If you are not solid in your training skills get managers that can handle working with your staff and train them. This goes for any aspect of your business. Not only will surrounding yourself with people who are experts in their areas make your business a success it will be appealing to those looking to invest in your operation.

Keep Records

Keeping accurate records is vital to providing proof of your stability as a business. Besides your accountant and the IRS any future lenders or investors are apt to want proof of what you put down on your business plan showing you are meeting or exceeding your goals. Having complete and accurate records allows you to prove your success or explain your short-comings better and with more reliability.

Global Gold price soars 2.15% This Week

Global gold prices weakened with the long holiday that will occur in the United States (U.S.). However, during this week, gold prices posted the biggest gain in the week.

Cause of the positive trend in gold is weakening stock market and slowing the movement of the dollar value.

Statement of the U.S. central bank, the Fed signaled that economic stimulus delays also a positive sentiment for gold.

“The weakening of the U.S. dollar, combined with the issue of economic stimulus, as well as low levels of consumption in China to be the sentiment in gold prices pushed past few days,” said analysts from Societe Generale Group metal, Robin Bhar.

The price of gold, at the end of this week, fell 0.23 percent to USD1.387, 51 per ounce from the previous USD1.390, 4. Even so, gold prices have gained as much as 2.15 percent this week, which is the biggest gain since late April.

Online Gold Trading and Its Advantages

Online business used the internet to buy and sell stocks, bonds and mutual funds. If there is online buy and sell for stocks, there is also online gold trading. Gold buy and sell has gain popularity in the multilevel market today. The buy and sell of gold was found to be stronger than currency and stock business. Gold has been considered as a precious metal. Thus, the strong price and value remains the same and its stability against fluctuation is stronger. Many people need to invest big money for this kind of trade since gold is of high value. However, it can really ensure regular income.

There are many benefits you can get in gold business. With the increasing demand and the lower supply, the value of gold will surely increase. It is very important that you know how gold business really works especially if you are doing it online. You have to understand that how much gold you can trade really depends on your money that is available in the business account and the leverage and margins of a certain firm. Leverage allows the new traders to participate in the market even if they only have little money on their account. Leverage increases the traders buying and selling power. However, as you increase leverage you will also increase the risks that you have to take in every action you make. It is either you gain a lot or you loss everything you have.

Online buy and sell has been used in stock deals, commodities and currencies because of the different advantages it can give to the traders. It is considered as the simplest way to make money through the help of internet. In online business, you need not to pay a full service broker commission fee. Thus, you can save a lot from your income. Another benefit of online deals is the availability of real time data such as charts and the trending of the business. You can even participate in the business 24 hours even if you are not there during the actual business. There is business software that can do the deal on your behalf if it is a perfect time to buy or to sell. There is also special software for gold business.

No matter what you deal, stocks, commodities, funds or gold, it is very important that you know how the business works. This is to ensure that your investment will never be wasted. It is also advisable to have your business education before joining this kind of market.

MNC Sky Vision Will Add 5 New Channels

PT MNC Sky Vision Ltd (MSKY) plans to add five new channels in 2013. Two of them are from overseas channels, namely Disney special for boys and Sundance.

According to the Managing Director Rudi Tanoesoedibjo MSKY, the five channels, among other MNC Kids, Home & Living MNC, MNC Teens, special Disney boys and Sundance which is the largest independent movies.

“We will add one of these five channels broadcast special Disney boys, we expect effective next month,” said Rudi at his office in Jakarta.

According to him, with the addition of the channel, has shown sustained growth with a combined audience share of 25 percent this year, compared to only 13 percent previously.

“In addition, in March 2013 the channel nine MNC channel entry among the top 20 subscription channels,” he said.

The Company also plans to discontinue some impressions that have weak performance, thus creating new opportunities for new channels that have greater appeal to customers.

Student Loan and Financing Options

University or college students today are not all recent graduates from high school. They come in all shapes and sizes – and ages. Many are working on their second or third degree, and some of them are professionals who are returning to school to enhance their careers. It is not wise to put your tuition on a credit cards as the interest rates are excessive. Good news: All students qualify for certain student loans regardless of past credit record. Student Loans There are basically two types of student loans to choose from. They are either federal or private. To apply for a loan with no co-signer, you will need to apply for a federal student loan. You will need a co-signer or have a good credit record to apply for private student loans.

Not every student is in a positive position to ask someone to co-sign a loan, and some individuals would rather not involve other people in their financial burdens. Federal student loans are the best choice since every student is eligible to apply for this. There is no credit check involved. Most private lenders need to protect their own interests, so they have to do a credit check to make sure the student will be able to repay the loan. It is much more difficult for students to get a private loan because of the risks involved. Most Popular Since some students are fresh from high school, they have not had a chance to establish a credit. Two student loans that require no credit check:

  • Federal Stafford Loan
  • Perkins Loans Try to apply for these first because they are low-interest and long-term loans.

The Stafford Loan is the most popular. You must fill out the FAFSA (Free Application for Federal Student Aid). It is designed for the most financially needy students. The government picks up the tab for the repayment of interest until the student has graduated and can assume a normal repayment plan. You can reapply for the Stafford Loan every school year. The only drawback to the Stafford Loan is that the amount awarded is usually meager, and the student may have to apply for additional loans to meet all expenses.

The Perkins Loan offers from $1,000 to $4,000 with a nine-month grace period after graduation. It is awarded on a first come, first served basis. It is necessary that you apply as soon as possible. Grants and Scholarships Millions of needy students apply for grants and scholarships which do not need to be paid back. There is no credit check required, but usually there is proof needed of low-income. Often scholarships are based on merit as well as their intended field of study or pursuit of a particular profession. No credit check is required for the following:

  • Pell Grant
  • State-Based Grants
  • Private Scholarships

Disadvantaged Low-interest, non-credit-check loans are available to financially or socially disadvantaged students. The school or university must be a participant in the loan. Check with your financial aid office. These are usually sponsored by the Department of Health and Human Services for Nurses or others pursuing medical degrees. Multiple Student Loans You can apply for a combination loan which will consolidate your existing loans. You may need to have a co-signer in order to be approved for the consolidation loan. Federal Loan Consolidations programs allow you to roll all of your loans into one low monthly payment. It may help you cut your student loan monthly debt by up to 50 percent. There is no credit check needed for the federal loan, but usually your repayment period is extended to give you a lower monthly pay back amount.

4 Causes of Disorders of Finance

The more days the level the higher the lifestyle needs, and become more consumerist society. As a result, the funds needed to meet the needs and desires become increasingly high. If you can not separate the needs with the desire, I wonder if you are spending so much greater than income.

“Society today is difficult to separate where the needs and desires. Example, when the money barely lot more men choose to buy cigarettes instead of buying food. Mending ngerokok not eat than not,” said Hilda Fachriza, Head of SME Center and a lecturer at the Faculty of Economics University of Indonesia, while Discussion Media “Create Opportunity, Empower Societies, and the Collapse Gap” in Jakarta, some time ago.

While women are usually difficult to resist the urge to shop when looking at various fashion products or make-up date, especially if it is heavily discounted. And if you look closely, all of this is only intended to follow his lifestyle.

Besides the issue of consumerism is high enough, Hilda also revealed there are some financial problems experienced by the community, especially in big cities, namely:

1. Not have planning
Every person has different needs. Therefore, every person should need a good financial planning. Unfortunately, most people just do not do it. They tend to think short to get momentary pleasure, and regrets later because their pay is up to purchase items that were not needed.

2. Difficult to save
“Actually, everyone is aware that they have to set aside money for savings. Unfortunately, it is still very hard to do,” he added.

This happens because when they had more money, would immediately be tempted to spend it. Hilda added, the problem is not just saving money difficulties experienced by the big cities, but also small towns, especially the residents of livelihood as a small business owner.

“The owners of SMEs are usually complain of income are also small so it does not have money to save. They still had a thought that it should be saving large amounts of money while the rest of them a little,” he said (Read: Saving Difficult? Maybe this reason).

3. Financial education
Consumerism and poor financial planning is one of a lack of financial education in the community. The financial education when it should have been taught from an early age. The goal is not to make you rich, but rather how to manage finances for a prosperous and fulfilling life.

4. Did not have a vision for the future
Each person must have a lot of plans for his future, whether married, walks out of the country, building a business, buy a house, or maybe invest. To do all this required no small cost. So, it’s good to start saving and make your dreams come true.

“When they do not have dreams and visions in the future want to do anything, to be sure they do not also think about their future financial needs,” he concluded.

Three Ways to Overcome Your Credit Card Problem

It never hurts to be cautious, especially when dealing with your financial condition. We work hard to earn money every month and you certainly want to make sure that the expenditure and income can go well, right?

Well, what’s more, in contemporary times, the use of credit cards are like money running that can be swiped at any time when you want to shop. Prudence in this section include the value of the use of your credit card. Want to solve the problem? There are three ways that you can do in order to restrain and control the use of credit cards that are not excessive.

Closing credit card
You may think it is the best way to no longer rely on credit cards as a means of transaction. However, by closing one of your credit cards, on the contrary, it can improve the utilization of other credit cards. So, how good is to reduce the limit on your credit card.

Do not use credit cards
Again, you may think you have done the right thing by not using credit cards at all. Instead, if you do not use them, shaped charge card dues still have to pay. Therefore, you must know the priorities for the use of credit cards is correct, the credit card used when absolutely necessary, do not use just a little to buy groceries, then pay off the bill in full, do not just pay the minimum bill.

Plan of buying a “gadget” new
Normally, sales of gadgets always have a promo with the use of credit cards. However, before deciding and not be tempted to buy based on the promo, it would be nice if you actually look at the percentage of mortgage provided by the credit card promo. Therefore, despite the promo shown zero per cent, which will bill you receive may not match that offer. Therefore, carefully beforehand and know clearly before you decide to buy the latest gadget.

Avoid making these mistakes to keep the stability of your credit card bill.

Secrets to Getting Car Finance Loans

Generally buying a car is never easy. The fact that you must get a loan or financing from a dealership means approval, and approval means the possibility of being turned down. So it is not as easy as it might be to desire the car. But the one fortunate thing about car finance loans is that they are not that difficult to get and with a few tips and secrets you can easily get a loan you can afford to pay back.

My first piece of advice to you is that you must not have a dealership financial scheme be your first option. I hate to overly criticize but the thing is that these schemes are generally very expensive. And the fact that they are not recognized and registered credit providers means they can have so many hidden costs that they use to get an extra dollar from you.

So a dealership scheme must be your last option, but not all the time. Sometimes making a down payment on a car has the obvious result that the rate of interest will be lowered. A down payment clearly tells the dealership you are capable of paying off the remaining amount with little or no problem at all. And if you have a good credit sore you again stand to have the amount of interest reduced even further.

If you go the route of the financial institutions you must be sure to look at the overall cost of the car. The monthly payments are laid down for you so that you compare loan packages to one another. So be sure to bear that in mind and go from creditor to creditor looking for the best deal.

Even though a lot of people are running away from transacting on the internet it does not hurt you to carry out comparisons for different loan options. You can save a lot of money by these comparisons as they are cheap and quick.