Jun 26

The 5 Biggest Myths About Invoice Finance Exposed

Although invoice finance has grown in popularity considerably in recent years, and the product continues to evolve and develop, some age-old myths about it still exist today.

It’s niche, and perceived as being far more complicated than conventional lending products, and as such a lot of misinformation and misunderstanding surrounds it.

Which arguably the industry has still not done enough to address.

I’ve come across most of them in my time and here, in no particular order, I address the most common:

1. ‘People will think my business is in trouble.’

Invoice Finance doesn’t have the stigma attached to it that it once did – nowadays it’s first resort, not last. Over 40,000 businesses in the UK, and thousands more worldwide, are using it for funding.

It’s now widely acknowledged as a superior working capital solution for growing businesses, not failing ones.

2. ‘My customers won’t like it and will stop buying from me.’

Thankfully, a myth that is phasing out as invoice finance becomes more mainstream.

Some of the largest firms in the UK, including many household names, have absolutely no issue with their suppliers using invoice finance.

And often the customers that kick up the biggest fuss are also the slowest at paying their bills.

But if disclosure really is an issue, the product can be provided confidentially (subject to status). Your customers will have no idea you are using invoice finance.

3. ‘I will lose control of my business.’

With hundreds, potentially thousands, of clients your funder does not have the time nor the inclination to run your business for you.

And the product can be as high-touch or low-touch as you want it to be; one of the most notable advancements of invoice finance in recent years is that it is no longer ‘one size fits all’. An invoice discounting facility, for example, will allow you to retain complete control

Jun 26

Student Finance Services Helps The Talented To Succeed

Education is the most important thing in ones life. You cannot think of being successful without acquiring the required education. But the financial scarcities sometimes hinders on the way of the aspired students. They cannot afford to get educated because of this lack of money. This sometimes results in wastage of potentiality and caliber of the students and therefore, in order to help them and get their talents out the student finance services are being put into action.

As these loans are available in secured and unsecured these two forms, the students can get these for their requirements by matching it with their situations. You should go for the secured loan only on these conditions that you have valuable property to offer as collateral and you need bigger amount. For bigger financial requirement these loans are undoubtedly the most ideal one but if you do not have anything to pledge as security then there will be no use of thinking about it. The rate of interest of these loans are very low and you will enjoy longer repayment term with it, so go for it if you think your criteria matches with it.

For the unsecured loans no such collateral will be required and the rate of interest too is higher in it. The amount offered is not so big but whatever it is is good for affording the short term courses or those educational programs that demands fewer amounts.

You can use the loan amount for a variety of purposes. In fact, the student finance services are designed in a way to help you in supporting everything that occurs during an educational career. It will help you in taking admission in new session, paying class and tuition fees, getting uniforms and study materials, medical treatments, taking room

Jun 25

Consolidating Credit Card Debt – Best Strategies and Tips to Help Out and Get You Out of Debt

Hopefully these tips and strategies for consolidating credit card debt will help you to save good amount of money. Instead of paying too much cash to your creditors, simply put all those savings straight to your packet. So here are some tips and strategies for consolidating credit card debt that could help you save some money.

Firstly you have to sacrifice by cutting off some of your regular budget. You have to be committed and be concentrating on paying off the debt. The quicker you can possibly pay back your debt the lesser the interest rate you’ll be paying to your lender. Always do not forget that the more time you take in paying off your debt, the more in which it will cost you so the more you will remain in more hardship in paying off the debt. When consolidating credit card debt by switching multiple credit cards within one credit card.

When you choose to move to another credit card, this strategy would really help you if the new credit card offers a lesser interest rates compared to the existing credit cards interest rates. I know you get the idea on how you would save money with this tip. Another advantage youll get is there are offers by credit card companies that once you switch your existing balance into their credit card, they normally grant a very low introductory rate and even at times a 0.00% introductory rate which often runs for 6 months and upwards will be given. This is really effective only in the case you have the intention in paying these debts you owe in the time period when your introductory rate is yet lower. Keep in mind that the disadvantage with this method is when the introductory rate is finished, theres a huge possibility

Jun 24

Personal Finance Will Offer People Along With Generous Facilities

Most of the people are now getting inspiration by the various insurance companies to make secured of their future and medical insurance coverage that will give the better values to the people and will give people along with extra values and will giving the great inspiration to the people to the people with better medical facilities to almost all the people of UK. Personal Finance are now giving the great inspiration to the people along with the most fabulous facilities and the premium that are offering to people are very reasonable and is easily affordable and will give the better and beneficial facilities to the people to enjoy the better coverage of illness and Financial Advisor and will giving the most influential facilities to the people to lead life in a beautiful way. There are large number of private insurance companies in UK are now competing with each other and will transfer faith along with their best return values and will give the coverage to almost all the illness minor or severe and will promotes to people along with the optimum and grand facilities to get the best treatments along with the better plans and functions. Generally most of the people did not easily believe on the insurance companies and after great investigation they will get believe to invest on those insurance companies that will brings to them with www.bigcatfinance.co.uk/carfinanceuk at any emergency cases where there is now arrangement of money this Private Medical Insurance will give the most great guarantee to the people along with best treatment in well reputed and great hospitals. There are various general factors that will depends on the premium of the insurance as now almost all the insurance companies will make investigation of the running illness and after that they will give the coverage

Jun 24

Tips For Being A Wise Credit Card Owner

Take advantage of the freebies offered by your credit card company. Many companies have some sort of cash back or points system that is attached to the card you own. When you use these things, you can receive cash or merchandise, just for using your card. If your card does not offer an incentive like this, call your credit card company and ask if it can be added.

Be sure to check the activity on your credit card regularly, to make sure that there are no suspicious charges being made on it. If someone has stolen your information and is using your card without your permission, you want to catch this as soon as possible. If you see suspicious activity, contact your credit card company right away.

Want a credit card that gives you frequent flyer miles or cash back? Many people are a sucker for the frequent flyer miles, and that is a good program. Some companies offer both. If you have to make a decision, go with the cash back option. It is a much more lucrative deal, and it will benefit you much more as a whole.

Credit cards should always be kept below a specific amount. This total depends on the amount of income your family has, but most experts agree that you should not be using more than ten percent of your cards total at any time. This helps insure you dont get in over your head.

You should consider creating a strict budget for your credit card spending. Each month you should compare your earning to your expenses. You should set limits on your credit card spending that will still allow you to save money each month. Living off of credit cards is very detrimental to anyones credit.


Jun 24

Some Good Ways To Pay Off Credit Card Debt

An average American alone owns up to eight different credit cards. With the spending power that these shiny plastics provide, it is not surprising then that people scurry from month to month to pay off credit card debt. According to a survey, each American household owes up to $5000 in credit card balance and with their constant use of credit cards, even citing daily use, that $5000 debt is barely sliced off in payment and another pile drops in.

Aside from urgent needs to come up with cash or badly needed items, mismanagement of finances is usually the reason for the compounding credit card balance of holders. When they can barely cope up with their monthly dues and accruing interest rates, it is only then that some think of re-organizing and finally settling their debt for good.

There are a lot of options for people as to how they should pay off their credit card debt. There is the popular credit card balance transfer which incorporates all debt in one card but with lower and affordable repayment terms. There are also some means wherein debt is paid in an organized and more flexible manner. The two choices are paying by the borrowed amount or by the interest rate.

If people opt to pay according to the borrowed amount, they should list all their debt and arrange them from lowest down to the greatest. The least amount is the top priority for repayment and when this debt is completely depleted, the payment can be moved to the next higher debt. This should be done until such time they must move to the bigger amounts.

For a cost-efficient term on the other hand, the list should be organized according to the largest interest rate down to the smallest.

Jun 19

Mortgage Insurance Should Be Included With Every Mortgage

Just like when we are born, nobody knows when we are going to die. It is a fact of life and eventually will happen to all of us. When someone is financing a large home purchase, they should put mortgage insurance on it for many reasons.

Even if someone is in the best of health, they could die today or tomorrow. The next day is never guaranteed to us even if we have plans. Doctors cannot be entirely certain that something will not happen even if you visit them every single day.

They do not run tests unless they believe there are issues. Many people are born with aneurysms and do not have any symptoms until the day that is ruptures. When this happens, the chance of survival is very slim. If a person does survive this, it is likely that they will have much impairment and will not be able to work.

Mortgage insurance is going to help the family pay for this home. If a person dies, their family will not have to worry about coming up with a mortgage payment each and every month or have to worry about getting evicted from their home. It is something that people do not think about every day though.

Tragedy can strike on any day at any time without warnings. Accidents are not planned either. If someone gets hurt and cannot work for a period of time, the mortgage insurance is going to take over the payments on the mortgage until that person can return to work.

Mortgage insurance does come with a small cost, but without it, there are not guarantees for the future of the family if the person that holds the mortgage passes away. An average mortgage is for 30 years. This is a long time to guarantee that someone is going

Jun 18

Personal Finance Management Tips And Advice For Beginners

Learn about your personal finances to avoid making needless mistakes with money. The following article will give you basic information about creating a budget and becoming financially secure for your retirement. Read on to find out how to make your current income stretch further and how to generate extra income.

Always look for things that you can cut from your current budget. Barring yourself from any restaurant meals whatsoever, for instance, might not be a realistic proposition. Alternatively, you can eat out only half as often and have a much better chance of keeping it up.up.

If you are in collections, then your debt will someday be written off, even if you don’t pay. There are consequences to this, however, and you need to be sure you are ready to face them. Ask someone when a debt can be erased and do not give a collector money for a very old debt.

Make sure you don’t have too many credit accounts to avoid debt. If the credit card companies give you more credit than you really should have, your credit score will go down, and you will have to pay higher interest over time.

Replace all of your old light bulbs with new, efficient CFL bulbs. This will lower the cost of your electricity bill, and also help out the environment. CFL bulbs also save you money and trouble because they don’t need to be replaced as often. Despite the higher initial price, they pay for themselves, since you needn’t purchase new bulbs often.

Review and adjust your portfolio on an annual basis, at a minimum. Re-balancing your portfolio helps realign your investments as well as your goals and risk tolerance. Rebalancing also helps build a discipline of buying low and selling high

Target ATMs that belong to your bank, so as not to incur fees

Jun 17

Bank Bonuses up! After bail out fill’s CEOS pockets

How you would feel if you could take home 10 to 15 million as a salary? Just for having a title and being a simple money manipulator. The banks say they need this type of talent (What talent?) to run these banks to make this sum of money they bring in. Imagine did we here the banks in Canada made a mere 140 Billion. Wonder how these guys can sleep at night when there is people they take their homes from and put people out on the streets. Imagine what would happen if you took a ten dollar bill out of the till? Think they would miss it? You’d get fired and they are allowed to take from anyone they choose hundreds of dollars and charge you outrageous sums for service charges. How come they don’t have the heart NOT to through people out on the street? They and the Governments have to be in bed with each other, It’s legal to take a home that some one has been paying for, sell it off for what they owe you and to pocket the “rest?”, But don’t take that 10 dollar bill from the till! Heard the term thieves dressed in flesh? They all fit the bill. No love in their hearts for the one who has been feeding them. They will go to far and cut off the hand that feeds. Wait and see and it will happen and these bankers will all starve! The word of God says people will be throwing their jewelry in the streets for a loaf of bread. Wonder if they’ll realise they are the money manipulators of the death for the majority of the human race? Wonder if they’d be ashamed of themselves knowing this and if they can sleep at night? Most

Jun 17

The Difference Between a Cashier’s Check and a Money Order

Though cashier’s checks and money orders share many similarities, they do have distinct differences. With that, here are some characteristics of each form of payment that separate them from each other.

A cashier’s check is sometimes called a certified check as it is certified by a bank. A money order is always called a money order. However, in this article, we will also call it a letter of credit.


When compared in pricing, a cashier’s check cost more to attain. Some banks may charge up to $10. Also, this payment form can only be purchased from a bank.

A money order can cost you less than a dollar to be issued at many different places. It can be purchased at a bank, but may be cheaper to purchase at a convenience store or gas station. It can also be purchased at U.S. Postal Service offices, money transfer or check cashing services, and grocery stores.


A cashier’s check is guaranteed by a bank. The funds come from the bank, and the banker will sign the check and address it to the chosen party.

A letter of credit is guaranteed by the cash you give to have it formulated. It is addressed by you and includes your return address and name.

Stop Payment

A stop payment cannot be placed on a bank certified check. This is a good reason why many exceptional money situations will require you to bring in a certified check versus other payment forms.

Cash Total

Cashier’s checks can be purchased at high dollar amounts. Money orders can only be purchased at $1,000 or lower, but you can always buy more than one if needed.

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