Monthly Archives: January 2013

Debt Management and Debt Strategy

You may be wondering why there are so many people who are having problems with their debt. That is primarily due to the fact that these people have lacked debt management.

In layman’s term, debt management is as its name suggests taking responsibility over his or her debts. But how do you really manage your debt?

Basically, all people who commits with debt providing or financing companies have the same purpose and that is to use the money or property to improve their life and pay for it accordingly. But there are just some unavoidable circumstances that can keep these things from happening. Continue reading →

Credit Score : How to Measure It

Did you know that your capacity to pay loans and borrowed monies are also being scored? Yes, you are being scored by a governing agency for banks and financial institutions.

This score is being compiled along with other creditors and debtors’ files in a data bank that is later being published for auditing and back checking purposes. With the availability of such information, the job of credit card companies and other lending establishments are made simpler.

They no longer need to go through manual back checking on their applicant debtors but simply run the names on the data bank of delinquent and low credit score accounts. If a match is found, the applicant is immediately denied and if there is no hit for the applicant, the application is approved almost automatically. Continue reading →

Powerful Ways to Implement in Cost Reduction Strategy

Before you invest on something, you would surely want to know how you can reduce costs on it. That is a common thought in the market, which is why there is a formulated cost reduction strategy earlier in the market for you and the many yous who are also in the look for the most practical ways of investing over something.

But how does this cost reduction strategy works really? This strategy works not only to reduce costs but also eliminate and modify some of the unnecessary manufacturing activities that increase the operating expenses of an investment.

Here are some of the manufacturing parameters that you may want to use the cost reduction strategy on: Continue reading →

Key Principles on Asset Allocation Strategy

Everyone just wanted to become an asset-generating investor, but there are only a few chosen ones that can actually become one. Why? Because being an investor is not all about skills, it also requires the attitude to be an effective asset-making investor.

You see, investments do not always turn out to be good. There are good times and there are also bad times when it comes to investment.

What you should do is use the best strategies the industry offers like an asset allocation strategy or the like. This strategy is used to balance the risk that an investment may present over a foreseen reward by simply adjusting each assets percentage value. The adjustment will basically depend on your goals, investment time frame, and tolerance. Continue reading →

Devising Online Banking Strategy

Going to the bank to deposit, withdraw, or for any other reason, however small it is, can get a little inconvenient. That is especially true when you have a lot of things to do or you are roped in the office for a very important meeting. Or, when you are out to an island for vacation where regular banking is not possible.

For these reasons, you would really love online banking. This type of modern-age banking system will surely make your life a lot easier wherever you may be.

Online banking, which is also known as e-banking or internet banking is an effective and new way of doing bank transactions through the internet or online. Continue reading →

Non Performing Loan – NPL in Banking Industry

Applying for a loan in a bank is a bit difficult these days because finance institutions have already become so keen in choosing loan applicants. Among the very many reasons for this is a non performing loan, which is basically a loan that has stopped to be updated.

Once a loan is no longer paid right on time, it starts to accumulate interest that gets bigger over time.

And as long as the non performing loan continues to receive no upgrade the interest and penalty piles up to an impossible amount that the loan becomes totally dormant. Or, the loan can be updated and condoned given that it is paid in full or renewed.

A non performing loan taints the credit score of a person or a depositor. This keeps a person from getting another loan or be approved even from other banks or financial institution because credit score data is being published for financial companies and establishments for future references. Continue reading →