Archive for the ‘Financial Glossary’ Category

latest peer to peer lending news

Peer to peer lending is gaining in popularity all the time with more people trying out this slightly off beat and controversial form of lending.

Below you will find some interesting videos, blog posts and tweets which will give you some further insights into how it works:

Q&A: Peer to Peer loans … who knows about them? | Loans Bad

by brizzle born and bred Question by BNICKS: Peer to Peer loans who knows about them? I am in the market for a personal line of credit not installment.

Want a P2P Loan? See This Profile of a Typical Peer-to-Peer Borrower

Here is the profile of a typical P2P loan borrower, in terms of age demographics, credit characteristics and other factors

StockGuru Shines its Spotlight on WikiLoan, Inc. (OTCBB: WKLI

Dallas, Texas (November 7 , 2011) – StockGuru Shines its Spotlight on WikiLoan, Inc. (OTCBB: WKLI), a peer-to-peer lending platform. The

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Pubic urged to be cautious …

- Yes, the “pubic” should try to be cautious … I guess some people need to pay a little bit more attention to their proof-reading. This is almost as good as the “Unversity” headline on the front page of the Straits Times a few years back.

Executive CAs bearish on Canadian economy

 

Executive chartered accountants are far more pessimistic about the Canadian economy than they were three months ago, according to a poll released Friday.

Just 16% of respondents were optimistic about prospects for the national economy over the next year, down from 43% the previous quarter, the quarterly Canadian Institute of Chartered Accountants and Royal Bank of Canada Business Monitor survey found.

The poll of 380 chartered accountants holding c-suite positions also found 27% believe the Canadian economy will fall into a recession within the next six months, while 57% took a neutral, “wait and see” approach.

CAs in senior positions take an even dimmer view of U.S. fort

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Low Inflation Affects Equity-Release Mortgages

The low UK interest rates are great for people needing cheap loans. However, the 0.5 percent base rate can be detrimental to holders of an equity-release home loan, which involves borrowing against the security in their property. Early repayment penalties are not widely publicized and they can be quite hefty. Equity-release loan holders should be aware of early repayment consequences.

People pay off equity-release loans for many reasons, including the desire to downsize. Penalties for early repayment can range from five to a whopping 25 percent of the amount borrowed. The fee is imposed because with these loans, APR is fixed. Rates are currently between six and seven percent and early repayment will leave lenders in a pickle.

Since lenders are unlikely to receive the same return on safe investments like gilts, they impose a substantial early repayment penalty. Though the situation is bad for those who want to repay early, it is much better for people interested in taking out an equity-release loan.

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You May Need Flood Insurance Even If You Do Not Live Near Water

Even though you do not live near water, there is a great possiblity that you will still need flood insurance in order to protect your home and your assets inside the home from flooding. The Federal Emergency Management Authority (FEMA) says that almost one-third of homes that have been damaged by flooding were not even next to any type of body of water such as a lake, river, stream, or ocean. Flooding does not have to take place next to a specific water source. Ground water and run off can cause flooding after a heavy rain if it is not absorbed by the ground. The same can be true from snow melting that is not absorbed. You should consider purchasing flood insurance even though you may not be near a body of water.

Traditional home insurance policies do not provide coverage for flood damage. You have to purchase separate flood insurance from the National Flood Insurance Program in order to be protected. Like an earthquake or nuclear disaster, having a large number of homes that are damaged or destroyed by a flood can quickly overwhelm an insurance company.

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