Unsecured loan

Bank of Chengdu provide loans to public. This bank has already provided thousands of loan services in the past several years. However, in the tax relief reasons, the bank has responded positively to the call of the province government, providing loans with lower interest to the low-income people. This led to a high default rate. About 31% of those people who apply for loans are in arrears. Therefore, there are some problems that how does the bank choose to provide the loan or not, who and how…

In summary, based on personal business project’s features, it can be seen that equity financing is a better channels to raise funds than bank loans. Business owners and investors share the benefit and risk simultaneously. For small business, who may not meet bank loan’s qualification, equity financing is not only convenient, but also quite practical. It has strong possibility of operation. This…

The Orphanage Queen Time passes, year after year and as a result, nothing stays the same. Imagine that you are living with a wealthy standard and all of a sudden all of your happy moments while you were wealthy are gone with the wind. Unexpectedly an opportunity may spark up and take you from poverty to a high living standard again. No matter what we are and what way we are living in we will all return to one condition at the end. Regardless of whether you are rich or poor, in under a second…

interest rate. Considering the business of GM has both sides of demand and supply, interest rate changes such as an increase may lead to increased borrowing costs on the part of the General Motors. Interest rates increases may also cause hiked auto loans on the part of consumers and this in turn causes a decreased demand. On the part of GM, this latter effect causes reduced sales revenues. Additionally, increased interest rate causes increased prices as charged for the products. Another impact…

banks to manage and execute loan programs that meet criteria set by the SBA who will in return, underwrite a portion of the loan to lessen the risk of the banks. The rules are complex and change in reaction to the economy. However, a prospective borrower needs to put their best foot forward or their loan will not be successful. Here are 10 reasons your request for an SBA loan more than likely will be declined. The SBA requires a Personal Financial Statement from each loan applicant and this…

credit limit in IT sector is low, hence can be neglected. • Personal Loans The banks give personal loan for housing, vehicles, education, personal credit cards, consumer durables and others. Among that credit limit for housing loans contributed nearly 49% for 2014 and nearly 66% for 2013. The housing loans are in the decreasing trend from 2010 to 2014. There was a gradual change for 2012. But the loans decreased by more than 50% for 2014. The credit limit also decreased for…

article relating to obtaining loans in the areas of credit worthiness (Henning, 2016) cost benefit analysis-(Rudegeair, 2016) and industry lending- (Wilson & Durisin, 2016).The three articles reviewed relate to the real cost of business financing and the ability to obtain loans. For small businesses and entrepreneurs obtaining capital to operate a business may require obtaining…

Beaver, William. “The Student Loan Scandal”. Society. 23 April 2008. Web. 13 October 2016. This academic article focuses on the history of the growing student loan debt and how it has become a negative asset in the growth of college and student financial freedom. The author starts out by highlighting the beginning of student loans in 1965, where the government created the Guarantee Student Loan Program. This program helped people get the higher education that the government felt everyone…

According to the Institute for College Access and Success reports, the average amount of student loan debt for undergraduates in the United States for 2013 was $28,400. The Institute for College Access and Success also reports that the average amount of student loan debt for undergraduates in Pennsylvania as of 2013 was $32,528. The same source reports that Maryland has an average undergraduate student loan debt of $26,349, New Jersey’s average is $28,209, and New York’s average is $26,381…

first person still had more money, even though the second person put in more money over time. This helped emphasize the idea that you need to start saving money early. Many people do not realize the consequences and struggles that come with debt and loans. Even more do not realize how damaging credit cards are and the debt that can pile up with them. I am glad that we were able to learn from Dave Ramsey, so that when I am older, I can have the opportunity to be debt free and be smart with my…