Best Options for Auto Loan

by admin on February 14, 2015

Prior to selecting the type of vehicle you want to buy, you need to get money for the vehicle. Depending on the monetary conditions, debt ratings and past debts of the borrower, various alternatives are present for borrowers who require an auto loan. Thus with a bad debt rating, getting an auto loan is extremely difficult; and if any lender agrees to lend money, the interest rate is huge. car-keys

Before deciding to get an auto loan, it is always a good idea to find out alternate ways to get an auto loan.
Ask your friends and family for help: If you think that the amount is too big to borrow, then you can borrow small amounts from different people.

Approach a bank for a traditional loan: Such an approach entails an outstanding debt rating and in the absence of it, the loan is not granted.
Loans from third parties: Lenders apart from banks that specialize in auto loans may also offer monetary support to individuals with poor debt ratings. You may search on the internet for such companies, but you need to be careful as they may charge a higher fee and interest rate.
Loans from dealers: A few auto dealers provide monetary assistance to their clients who desire to purchase a vehicle. But, these traders take advantage of clients by flaring up the borrowing costs. Traders may also provide loans with lucrative deals to trap potential debtors, however, their proposal might not be good for the debtor. Individuals may not have the required information about debts, have the tendency to ignore available alternatives and hence may get a loan from the auto traders without looking for alternatives. This reduces debtor’s authority to get a reduced cost of borrowing and enables the trader to apply an increased borrowing cost when the debt could have been obtained at a decreased cost. Thus, it is wise to establish the cost of the car prior to accepting any deal.

Before applying for a credit loan, it is necessary to review the credit history and assess loan payments. This incorporates the borrowing cost into the budget to avoid future non-payments. It is also necessary to understand different components of the loan and their effect on the monthly bills.
If the time period of the debt is increased, the borrowing cost paid at the expiration of the debt also increases. Similarly, if the interest rate is high, the total cost of the loan also increases. The down payment of the debt depends on the predefined rules of the debt. Paying a lesser amount of money as down payment at the moment will result in a high overall cost of the debt in the future. Paying more money as down payment also guarantees lower interest rate for the debtor.

Therefore, before going to a bank for an auto loan, weigh all the possible ways to get an auto loan and then make a decision.


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Types of Mining Companies

by admin on February 12, 2015

If investing in senior and junior silver miners, you should know what these types of miners have to offer in terms of value and risk. In the area of senior mining, investors can look at income statements and balance sheets and make a fairly good judgment about the company’s value. The situation is different with junior miners where buying silver stock requires looking at charts, the company’s properties, getting to know the management body, and so on. In many of these cases, there is no way of knowing whether a junior miner will make a discovery or not. Some investors just rely on their intuition, but experts recommend gathering as much information as possible. If the management body has done something worthwhile in the small mining sector or in exploration, one can get a feel as to how the company is run.  Another factor that hints to professional management is whether it has previously found a profitable mine.

With junior miners, investors also look at their cash flow and cash balance. While some of them may have good projects, if their burn rate is three hundred thousand per month, with just under a million in the bank, they will go broke in a couple of months. This is a likely outcome if the management does not have access to additional financing. One question to ask a junior miner is how long they will be able to stay in business if things do not pick up as expected. Another important issue is whether the property or project they develop has any potential. Of course, you are likely to get estimates and there is no guarantee that the actual quantities of silver will match these. In fact, geologists, financial controllers, and the management alike will be keen on offering good estimates as to attract investors.

Exploration is not always possible even if the site has a good potential. For instance, even if drill results look promising, the region may not be accessible, and the costs to build infrastructure may be too high. Senior mining companies are different in that. These companies are larger in size, more experienced, and own their mining sites. Given that their mining sites are already established, it is easier for investors to assess how well the miner is going to perform. This comes with fewer surprises and a degree of consistency when it comes to stock prices. Junior mining companies, on the other hand, have to identify different mining sites and explore their potential. There is always a risk that exploration will not result in actual discovery. This can turn quite costly not only for the junior miner but for its investors as well. Many junior miners sell their sites to established mining companies to ensure better returns after they begin exploitation. If the company does not have money to open the mine, however, this is a sure sign of financial losses.

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Shopping Around for a Bad Credit Loan

December 12, 2014

When a debt is granted to an individual that does not pay his payments on time or at all and possesses poor credit history, that debt is known as a bad credit loan. Financial institutions typically do not lend money to individuals with poor credit history because of the high risk of default. However, whenever […]

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Retail and Specialty Cards by CIBC for Exclusive Experiences, Sightseeing, and Shopping

November 3, 2014

Customers can choose from different credit cards that allow purchases in Canadian dollars or U.S. currency. Visa cards go with beneficial features such as signature shopping, roadside dispatch, rewards programs, and other privileges. CIBC Aventura card feature added and optional services such as credit monitoring for new bankruptcies, collection items, new trades, name and address […]

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Credit Card Options for Students

October 30, 2014

Financial institutions feature student cards with a low purchase rate and discounts. Many issuers offer cards to students who are enrolled full-time and are new to credit. This is one way to gain experience, develop sound financial habits, and build a solid credit history. While financial institutions advertise multiple benefits, customers pay foreign purchase transaction, […]

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Scotia Credit Cards for Businesses

October 25, 2014

The Bank of Nova Scotia features standard and specialty financial services, total equity plans and loans, mutual funds and high interest savings accounts, and credit cards. Premium and standard cards feature affordable fees and special discounts. The Bank offers Scotiabank rewards, travel platinum, travel, and other cards with extra rewards and discounts on hotel bookings […]

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Travel and Airmiles Cards Offer Rewards and Premium and Executive Services

October 15, 2014

Large banks offer air miles and travel credit cards. Specialty cards offer perks and exclusive benefits such as sign-up bonuses, frequent travel programs, travel statement credits, miles back, and affordable interest rates. Perks and Discounts Issuers offer platinum and other specialty cards with benefits such as discounts toward accommodation, hotel upgrades, and others. Canadian banks […]

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TD Business Credit Cards

October 8, 2014

Customers of TD Bank are offered a wide array of banking and borrowing solutions, investment products, treasury management, and more. Individual and business clients are offered lines of credit, commercial mortgages, and small business financing. The bank offers a variety of financial products, including debt consolidation, auto loans, and foreign exchange services. Personal Credit Cards: […]

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Applying for a Canadian Business or Personal Card for Financial Flexibility

October 7, 2014

Caisses populaires, unions, and big and small banks in Canada offer credit cards to customers from all walks of life. There are different ways to apply for a card, including online and at the local branch. Applying for a Personal Credit Card Canadian issuers request financial, employment, and personal information, including your credit score, authorized […]

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Reloadable Cards Criteria and Approval

October 1, 2014

Prepaid cards are offered to customers with fair and poor credit and serve as a convenient non-credit payment solution. Some cards are designed for travel and help keep holiday and everyday expenses separate. Youth cards are offered to parents to enable monitored spending, along with other consumer and business cards. Prepaid products are offered to […]

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