A credit crunch is the situation where economy experiences a reduction in the availability of credit or a situation where strict conditions are imposed by financial institutions to obtain a loan. It is also known as the credit crisis or… Read More ›
Credit 
Many businesses seem to run on credit nowadays and over the last few years, credit has become an important factor in every aspect of your life. If you wish to get something but do not have enough cash, you can borrow credit and can easily get what you want. However, managing a credit is one of the critical factors that need careful consideration when you plan to borrow a sum of money. Or else, you will end up bearing a burden of the huge pile of credit and you don’t want this. Therefore, it is important to take the guidance of Your Personal Financial Mentor at every step of the way because he will not only help you manage your credit effectively but will also give you small tips to improve your credit scoring so that you can get an easy access to loans for future use.
Effective Credit Risk Management and Improved Profitability
Credit risk is a key factor in evaluating the performance of a bank and an effective credit risk management process reduces the risk exposure and increase profitability. However, none of it is possible without devising a plan that requires a… Read More ›
The Impact of Credit Crisis on Financial Market
Credit crisis occurs when a large number of financial institutions issue a risky loan. The borrowers start to default and the institutions stop receiving payments against the issued loan. In a state of the credit crisis, banks either fix a… Read More ›
Credit Versus Debit
Understanding the term Credit in finance requires that you grasp the accounting perspective of the term. And in accounting, it is difficult to understand the term Credit without reference to a sister term: Debit. In strict accounting sense, Debit is… Read More ›
The Meaning of Credit History.
We have certainly heard a lot about Credit history. In fact, every other financial institution tries to give their customers advice that they should always have a good Credit history so that they can access loans more easily. This not… Read More ›
Understanding the Types of Consumer Credit
In order to understand the types of consumer credit, it is important to know what consumer credit is. It is simply an amount of credit used by individuals to buy products, such as goods and services and is used as… Read More ›
Credit Rating for Corporates
Just as individuals are given credit ratings, which are taken into consideration to evaluate their credit-worthiness, corporate also have a credit score. This is applied in particular to bonds and other debt securities, rather than to the company that deals… Read More ›
Privacy Issues With Credit Scoring
We live in a world where technology is so ingrained into our lives. We can look up any person’s professional file (LinkedIn) or personal (Facebook) in an instant. Search engines (Google) store our previous search strings in their database, and… Read More ›
What Does Credit Mean?
Your Personal Financial Mentor informs that in finance, the basic definition of credit revolves around mutual trust. Credit is defined as the trust which allows one person or party to give another party some goods or services of value, with… Read More ›
Different Ways of Improving a Credit Rating
It is very important to have a good credit rating in order to be eligible to apply for a loan. Financial institutions are becoming very particular about who they will lend to. Banks and other building societies offer their best… Read More ›