Today advancement in information technology has bought a revolution. A person sitting at home can know, what is going around in the world. He is just a click away from the information. The only tool required is your personal computer with internet access. And the whole world is in your one click. Accessing internet provide various facility such as the person can shop or he can buy and sell things on the internet and many more. Then why the lenders should lack behind; so all the lenders also decided to offer the various kind of loan on the internet.
You might think that online applying for loan may involve very cumbersome process. But it is not the case. Rather it makes the cumbersome process of physical market in to easy and manageable process.
Definitely, now you may be eager to know the process of getting the personal loan through online. In just three simple steps the person can get the loan:
Step 1: research
Research can be defined as locating the various lenders on the internet. It is basically done through surfing. It may be bit time consuming but it help in getting the good results.
Step 2: comparison
After locating the various online lenders the next step is to evaluate all the lenders on the basis of annual percentage rate and terms & conditions of the loan. Comparison of various lenders will help you to know what is best for you.
Step 3: choose
Last step is to choose your lender which suits your financial needs.
Once your choice is been finalized the lender will provide you with the quotation of the loan. Quotation of the loan consists of various clause, terms and condition of the loan. This whole process is carried on the internet itself.
It can confused you that why online lenders offers lower rate of interest? The reason behind this is that lenders who provide loan on internet do not have branches, so this eliminates all the overhead cost of the loan, which in turn the lender to offer the low rate of interest to the borrower. Another reason for the low rate of interest is that the lenders pass their savings directly to their customer which doesn’t involve any cost.
Every aspect of Online personal loanshas been discussed except the security of the information. There is also no need to worry regarding the security of the information. Because the various websites offering loan online uses the different software and passwords to make your data secure and confidential.
I think that the above article has satisfied you to apply for the loan. Now it’s your turn to find your perfect personal online loan.
Thursday, July 13, 2006
Equity Income Funds -- The Foundation of a Diversified Portfolio
006 is another strong year for dividends. For the third year in a row, a growing number of companies have either increased their dividends or begun paying dividends. In addition, more investors are paying attention to the solid companies that are capable of paying dividends. That is a big change from the late-1990s, when investors by and large shunned yields and many companies refrained from paying them, so that stock market yields in the U.S. plunged to unprecedented lows. History shows, though, that over longer periods of time dividends have always been an essential component of total return, regardless of which direction the market has headed. Between 1926 and 2004, dividends accounted for roughly 40% of the average annual return of the U.S. stock market.
Another impetus for the dividend resurgence, of course, has been the Jobs & Growth Tax Relief Reconciliation Act of 2003, which lowered the maximum tax rate on long-term capital gains and qualified dividends to 15%. With a more level playing field between the taxation of capital gains and dividends, companies can more clearly decide what allocation of capital is best for shareholders over the long-term rather than what is more tax-efficient.
There are relatively few individual securities that provide a high current yield and grow their dividends, so the challenge for portfolio managers is to build a portfolio of companies that, as a whole, meet both criteria. That requires in-depth, company-by-company, and increasingly, global research. The search often begins on familiar terrain. Electric utilities, oil and gas companies, real estate investment trusts and banks are classic examples of sectors that have traditionally paid generous dividends and increased them in order to make their stocks appealing to investors.
Our firm continues to recommended equity income funds to clients as core holdings in a diversified portfolio, as a part of their college savings plan or to produce reliable quarterly income in retirement. While these holdings have delivered above average returns for years, it is important to remember that it is not the objective of the funds to beat a stock market index such as the S&P 500. (The S&P 500 consists of 500 stocks representing major US industry sectors.)
It is the objective of the funds to provide an attractive long-term return by pursuing a conservative strategy focused on providing above-average current income and growth of dividends over the years. Although the majority of assets have typically been held in U.S. based companies, the funds have the flexibility to invest anywhere in the world. In the past, the U.S. stocks provided some of the most reliable dividend income in the world. Now, the U.S. is a relatively paltry source of dividend income, and superior yields and dividend growth come from companies based in Europe and Asia. Many of these equity income funds feature low expenses, experienced managers, limited volatility and steady long-term performance.
Another impetus for the dividend resurgence, of course, has been the Jobs & Growth Tax Relief Reconciliation Act of 2003, which lowered the maximum tax rate on long-term capital gains and qualified dividends to 15%. With a more level playing field between the taxation of capital gains and dividends, companies can more clearly decide what allocation of capital is best for shareholders over the long-term rather than what is more tax-efficient.
There are relatively few individual securities that provide a high current yield and grow their dividends, so the challenge for portfolio managers is to build a portfolio of companies that, as a whole, meet both criteria. That requires in-depth, company-by-company, and increasingly, global research. The search often begins on familiar terrain. Electric utilities, oil and gas companies, real estate investment trusts and banks are classic examples of sectors that have traditionally paid generous dividends and increased them in order to make their stocks appealing to investors.
Our firm continues to recommended equity income funds to clients as core holdings in a diversified portfolio, as a part of their college savings plan or to produce reliable quarterly income in retirement. While these holdings have delivered above average returns for years, it is important to remember that it is not the objective of the funds to beat a stock market index such as the S&P 500. (The S&P 500 consists of 500 stocks representing major US industry sectors.)
It is the objective of the funds to provide an attractive long-term return by pursuing a conservative strategy focused on providing above-average current income and growth of dividends over the years. Although the majority of assets have typically been held in U.S. based companies, the funds have the flexibility to invest anywhere in the world. In the past, the U.S. stocks provided some of the most reliable dividend income in the world. Now, the U.S. is a relatively paltry source of dividend income, and superior yields and dividend growth come from companies based in Europe and Asia. Many of these equity income funds feature low expenses, experienced managers, limited volatility and steady long-term performance.
Predatory Lending Through Loan Steering
With the real estate industry still in high gear from the last five years of skyrocketing prices and low interest rates, predatory lending is at an all time high. The term has no hard definition, but it generally refers to those lenders who go out of their way to offer loans to buyers at substantially higher prices than those buyers would be able to find elsewhere. Predatory lending is a profitable business, and it is often disguised as legitimate lending by unscrupulous lenders or their agents.
It often works like this: An agent working for a lender, perhaps on their own, tells a prospective loan applicant that he or she doesn't qualify for the mortgage for which they applied. The agent adds that not only will this lender not approve them for a mortgage, but in all likelihood, neither will any other major lender. The agent then assures the borrower that everything will be all right, because he knows of a lender that can get the customer a loan.
At that point, he refers the customer to this other lender, with whom he is working. This lender will make a loan available to the buyer, but the loan has a high interest rate, exceedingly high closing costs, and a prepayment penalty that will make it quite difficult for the buyer to refinance later. The buyer, not knowing any better and feeling as though he or she cannot do any better elsewhere, signs the contract and accepts the high-priced loan.
The shady dealings don't end there. Often, such predatory lenders are interested in not only the loan proceeds, but the property itself. By offering high priced loans to people who may have credit and/or income problems, the lenders may be banking on the buyer being unable to meet their monthly mortgage payment. Once the buyer defaults, the lender can take the property through foreclosure and sell it at a profit. The lender gets property that they can easily sell, and the agent gets a commission from the loan and another kickback once the house is sold. The buyer, unfortunately, is left with damaged credit and no place to live.
Loan steering, as this practice is called, is most common in areas where buyers are poor or have credit histories that may make them less likely to qualify for a loan with a major lender. The people who practice this form of predatory lending are easily able to take advantage of customers who either don't know any better or those who think they cannot find a better deal with another lender.
If a lender denies your loan application and assures you that no one else will lend to you and then offers to send you to someone who will, be suspicious. It's much easier to simply check with other lenders yourself than to fall into a predatory lending trap.
It often works like this: An agent working for a lender, perhaps on their own, tells a prospective loan applicant that he or she doesn't qualify for the mortgage for which they applied. The agent adds that not only will this lender not approve them for a mortgage, but in all likelihood, neither will any other major lender. The agent then assures the borrower that everything will be all right, because he knows of a lender that can get the customer a loan.
At that point, he refers the customer to this other lender, with whom he is working. This lender will make a loan available to the buyer, but the loan has a high interest rate, exceedingly high closing costs, and a prepayment penalty that will make it quite difficult for the buyer to refinance later. The buyer, not knowing any better and feeling as though he or she cannot do any better elsewhere, signs the contract and accepts the high-priced loan.
The shady dealings don't end there. Often, such predatory lenders are interested in not only the loan proceeds, but the property itself. By offering high priced loans to people who may have credit and/or income problems, the lenders may be banking on the buyer being unable to meet their monthly mortgage payment. Once the buyer defaults, the lender can take the property through foreclosure and sell it at a profit. The lender gets property that they can easily sell, and the agent gets a commission from the loan and another kickback once the house is sold. The buyer, unfortunately, is left with damaged credit and no place to live.
Loan steering, as this practice is called, is most common in areas where buyers are poor or have credit histories that may make them less likely to qualify for a loan with a major lender. The people who practice this form of predatory lending are easily able to take advantage of customers who either don't know any better or those who think they cannot find a better deal with another lender.
If a lender denies your loan application and assures you that no one else will lend to you and then offers to send you to someone who will, be suspicious. It's much easier to simply check with other lenders yourself than to fall into a predatory lending trap.
A Step towards the Future with Non Homeowner Loans
Life is full of surprises. At some point of life, financial crunch tend to act as speed breakers. Suddenly life comes to a stand still where you are unable to meet your financial obligations due to dearth of funds. Add to this, you do not have the required collateral to secure a loan. Non homeowner loans provide the solution to all your worries.
It is presumed that a collateral with a heavy asset is a guarantee to procurement of the provide loan amount to the lender. But, from the lenders point of view, they neutralize the risk by offering non homeowner loans at a high interest rate and the amount assured is lower. Therefore, non homeowner loans are always easy to get and the lender is assured of repayment.
In case of Non homeowner loans, the lender has to be assured of regular and timely repayment. Before striking a deal with the lender, the first and foremost requirement that a borrower has to fulfill is to have a good credit score. A score of around 615 is considered a safe bet. This means a borrower would have to clear his pending debts. Obviously, a bad credit history may create problems in acquiring the loan.
The factor that stands in favour of non homeowner loans is its easier and faster access. This is in stark contrast to secured loans where the process of valuation of the asset in the form f collateral takes time. Non homeowner loans come easily as they require no collateral.
Non homeowner loans can be availed by anybody irrespective of being an owner of a house or not. It is a perfect solution for renters or tenants. Moreover, persons of the elderly class are also welcome to the glorious options available in the form of non homeowner loans. This means the days of sulking in a corner are over. A full proof regular income would satisfy the lender in providing you the desired loan amount.
Though non homeowner loans require no collateral. To negate this the lender assures himself by keeping the interest rates to as high around 7% to 25% in comparison to the secure loans. But a good credit score or an income proof would always enable the borrower with a sustainable interest rate.
Obviously, the loan amount in case of non homeowner loans are kept nominally low. And the repayment term may switch to around 6 months to 10 years, depending upon the loan amount and credit score.
These disadvantages of non homeowner loans to list a few could always be administered properly and efficiently if you could find the right options. Considering the fact that there are various lenders, a hasty decision can land the borrower in trouble. From the various websites offering non homeowner loans, a proper study of interest rates and repayment terms can make you roll steadily.
It is presumed that a collateral with a heavy asset is a guarantee to procurement of the provide loan amount to the lender. But, from the lenders point of view, they neutralize the risk by offering non homeowner loans at a high interest rate and the amount assured is lower. Therefore, non homeowner loans are always easy to get and the lender is assured of repayment.
In case of Non homeowner loans, the lender has to be assured of regular and timely repayment. Before striking a deal with the lender, the first and foremost requirement that a borrower has to fulfill is to have a good credit score. A score of around 615 is considered a safe bet. This means a borrower would have to clear his pending debts. Obviously, a bad credit history may create problems in acquiring the loan.
The factor that stands in favour of non homeowner loans is its easier and faster access. This is in stark contrast to secured loans where the process of valuation of the asset in the form f collateral takes time. Non homeowner loans come easily as they require no collateral.
Non homeowner loans can be availed by anybody irrespective of being an owner of a house or not. It is a perfect solution for renters or tenants. Moreover, persons of the elderly class are also welcome to the glorious options available in the form of non homeowner loans. This means the days of sulking in a corner are over. A full proof regular income would satisfy the lender in providing you the desired loan amount.
Though non homeowner loans require no collateral. To negate this the lender assures himself by keeping the interest rates to as high around 7% to 25% in comparison to the secure loans. But a good credit score or an income proof would always enable the borrower with a sustainable interest rate.
Obviously, the loan amount in case of non homeowner loans are kept nominally low. And the repayment term may switch to around 6 months to 10 years, depending upon the loan amount and credit score.
These disadvantages of non homeowner loans to list a few could always be administered properly and efficiently if you could find the right options. Considering the fact that there are various lenders, a hasty decision can land the borrower in trouble. From the various websites offering non homeowner loans, a proper study of interest rates and repayment terms can make you roll steadily.
Payday Loan Information guide
Payday loan is the best friend of a man when he is badly in need of money but just doesn’t have it. Payday loan is the fastest and hottest way to acquire cash. Basically a payday loan provides you with an unsecured, short-term cash advance until your payday. Payday loans are the ideal way to acquire money in case of any uninformed expense such as a car repair bill, an instant costly trip, check bounces, other penalties, an accident, death or such unfortunate happening in the family and so forth. For many people payday loans are a means to pay off their monthly rent, grocery bills, utilities and other such day-to-day expenses.
Payday loan is recognized by various names such as cash advance loan, check advance loan or as a post-dated check loan. In terms of the Federal Trade Commission payday loans are known as ‘costly cash’. But whatever the name may be the fact remains that at present payday loans are the hottest way to acquire instant cash. Countless people across the world believe that payday loans are perfect because of the convenience to qualify for the loan, fast approvals and least amount of paperwork in comparison to other financing avenues.
Day by day a surge is witnessed in the number of people and the extent to which they are availing the payday loan option. According to a recent survey most consumers utilize the payday loan service around eight to ten times in a year. Also the additional and beneficial services offered by the payday loan companies add to the enticement of these loans.
One of the current advantages of payday loans is that these can be obtained online even. For instance Cashproceeds.com lately ventured into this area and announced it’s easy to qualify for, online cash advance and payday loan service. Consequently people in any part of the world can apply online and acquire immediate cash to meet their needs. Applying for a payday loan consists of filling an application form asking personal details, occupational information, current banking and requisite financial information and references too. At times bank statements for last few months are also asked for. If in the last two months you have incurred lot many NSF i.e. non-sufficient fund then your loan request is liable to be rejected. The online money lending companies require you to have a current job that has lasted for three consecutive months along with at least a net take home for $800 and a valid checking account functioning from minimum three months.
Your bank statements and related information is important because this builds your credibility in front of the online payday lender. The Tele-track system that these lenders use verifies your banking history information like checking your account, number of NSF’s and running outstanding payday loans. So if someone plans to betray by filling in wrong information, the money lending online organization can easily catch hold of the deceit. After going through your details and verifying them the payday lender decides the amount of payday loan that usually does not exceed $1500.
However due to the high interest rates, the payday loans are not a prudent option in the long run. So it is better not to rely much on them.
Payday loan is recognized by various names such as cash advance loan, check advance loan or as a post-dated check loan. In terms of the Federal Trade Commission payday loans are known as ‘costly cash’. But whatever the name may be the fact remains that at present payday loans are the hottest way to acquire instant cash. Countless people across the world believe that payday loans are perfect because of the convenience to qualify for the loan, fast approvals and least amount of paperwork in comparison to other financing avenues.
Day by day a surge is witnessed in the number of people and the extent to which they are availing the payday loan option. According to a recent survey most consumers utilize the payday loan service around eight to ten times in a year. Also the additional and beneficial services offered by the payday loan companies add to the enticement of these loans.
One of the current advantages of payday loans is that these can be obtained online even. For instance Cashproceeds.com lately ventured into this area and announced it’s easy to qualify for, online cash advance and payday loan service. Consequently people in any part of the world can apply online and acquire immediate cash to meet their needs. Applying for a payday loan consists of filling an application form asking personal details, occupational information, current banking and requisite financial information and references too. At times bank statements for last few months are also asked for. If in the last two months you have incurred lot many NSF i.e. non-sufficient fund then your loan request is liable to be rejected. The online money lending companies require you to have a current job that has lasted for three consecutive months along with at least a net take home for $800 and a valid checking account functioning from minimum three months.
Your bank statements and related information is important because this builds your credibility in front of the online payday lender. The Tele-track system that these lenders use verifies your banking history information like checking your account, number of NSF’s and running outstanding payday loans. So if someone plans to betray by filling in wrong information, the money lending online organization can easily catch hold of the deceit. After going through your details and verifying them the payday lender decides the amount of payday loan that usually does not exceed $1500.
However due to the high interest rates, the payday loans are not a prudent option in the long run. So it is better not to rely much on them.
Understanding Financial Statements
The value of the accurate financial statements generated is undisputed. This is as financial statements are like windows into the health of a company. Just by viewing financial statements, adept business owners will be able to determine the strengths and weaknesses at the time that the statement was generated. With this, the owner can then chart the way into the future for the company, by addressing the weaknesses and capitalizing on the strengths that the company has.
The two main financial statements within any company are the balance sheet and the Profit and Loss statements. The balance sheet provides anyone with a snapshot of the assets and liabilities within a company at any one point in time. This essentially means that the balance sheet shows what the company has and how much they own others. Apart from that, the equation asset = liabilities + capital always holds true within a balance sheet. The liabilities and capital sections indicate the sources of funds for the company while the assets indicate how the company uses the funds that it has. Most importantly, the liability and capital sections indicate money owed to creditors as well as invested amount. If you look closely, you will realize that both of these are obligations of the company that need to be paid.
By analyzing financial ratios that are generated by numbers on a balance sheet, a business owner is able to tell how well the company collects their accounts receivables, how fast the inventory is moving out and replenished, as well as how much exposure the company has towards debt.
The typical company balance sheet will consist of fixed assets and current assets such cash, account receivables, inventory and note receivables. Current assets comprise of assets that can be liquidated fairly quickly and easily in order to be turned into cash. On the other hand, fixed assets are amortized over an extended period of time and are not so easily sold to recover cash.
On the liability section, fixed liabilities include long-term debt of usually more than 12 months of age or contingent liabilities. The current liabilities however are represented by mainly accounts payable and notes payable as well as short term loans. If there is inadequate cash within the company, current liabilities have the ability to drag the company down.
The final element of the balance sheet, the Equity is the amount of capital financing that has been injected into the company. With this, the owner’s investment into the business is shown in the balance sheet.
The Profit and Loss statement is used to determine if a company is making a profit or a loss within a specified operations period. The revenue obtained in a period is stated in this statement, and all direct and indirect costs incurred are deducted from the revenue. With this, the profit for that period is obtained, where profits are compared with the previous year’s performance level. Profits with which taxation has not yet been accounted for are known as gross debt, while net profits are debt in which all costs have been deducted from.
In conclusion, being able to read financial statements is an advantage for any business owner. Interpreting financial statements are ever important in business, as it allows for the owner to take action before things become worse. By reading financial ratios, a business owner will know what needs to be done before the situation of the company changes. Alternatively, reading financial ratios will also help the business owner plan for the future, by incorporating the leverage on existing strengths of the company.
The two main financial statements within any company are the balance sheet and the Profit and Loss statements. The balance sheet provides anyone with a snapshot of the assets and liabilities within a company at any one point in time. This essentially means that the balance sheet shows what the company has and how much they own others. Apart from that, the equation asset = liabilities + capital always holds true within a balance sheet. The liabilities and capital sections indicate the sources of funds for the company while the assets indicate how the company uses the funds that it has. Most importantly, the liability and capital sections indicate money owed to creditors as well as invested amount. If you look closely, you will realize that both of these are obligations of the company that need to be paid.
By analyzing financial ratios that are generated by numbers on a balance sheet, a business owner is able to tell how well the company collects their accounts receivables, how fast the inventory is moving out and replenished, as well as how much exposure the company has towards debt.
The typical company balance sheet will consist of fixed assets and current assets such cash, account receivables, inventory and note receivables. Current assets comprise of assets that can be liquidated fairly quickly and easily in order to be turned into cash. On the other hand, fixed assets are amortized over an extended period of time and are not so easily sold to recover cash.
On the liability section, fixed liabilities include long-term debt of usually more than 12 months of age or contingent liabilities. The current liabilities however are represented by mainly accounts payable and notes payable as well as short term loans. If there is inadequate cash within the company, current liabilities have the ability to drag the company down.
The final element of the balance sheet, the Equity is the amount of capital financing that has been injected into the company. With this, the owner’s investment into the business is shown in the balance sheet.
The Profit and Loss statement is used to determine if a company is making a profit or a loss within a specified operations period. The revenue obtained in a period is stated in this statement, and all direct and indirect costs incurred are deducted from the revenue. With this, the profit for that period is obtained, where profits are compared with the previous year’s performance level. Profits with which taxation has not yet been accounted for are known as gross debt, while net profits are debt in which all costs have been deducted from.
In conclusion, being able to read financial statements is an advantage for any business owner. Interpreting financial statements are ever important in business, as it allows for the owner to take action before things become worse. By reading financial ratios, a business owner will know what needs to be done before the situation of the company changes. Alternatively, reading financial ratios will also help the business owner plan for the future, by incorporating the leverage on existing strengths of the company.
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